FDIC Certificate #: 30579 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BCB Community Bank (#35541) Federal Reserve ID: 312271 Date Established: January 01, 1887 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5584 FDIC's unique #: 43413 Numeric code: 35 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 18, 1953 Last Structure Change Effective Date: July 06, 2010 Last Structure Change Process Date: July 15, 2010 Last Data Update: July 15, 2010 Data Source Date: April 05, 2012
Location
Address: 611 Avenue C, Bayonne, NJ 7002 County: Hudson Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Jamesburg Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Jersey City, NJ (#3640) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
Financial Summary
Total assets: $528.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
87Total employees (full-time equivalent)
$558,536Total assets
$21,887Cash and due from depository institutions
$14,814Interest-bearing balances
$99,801Securities
$0Federal funds sold & reverse repurchase agreements
$421,668Net loans & leases
$4,288Loan loss allowance
$0Trading account assets
$2,615Bank premises and fixed assets
$384Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$12,181All other assets
$558,536Total liabilities and capital
$510,678Total liabilities
$449,337Total deposits
$412,256Interest-bearing deposits
$449,337Deposits held in domestic offices
89.77%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$51,000Other borrowed funds
$0Subordinated debt
$10,341All other liabilities
$47,858Total equity capital
$47,858Total bank equity capital
$47,858Perpetual preferred stock
$0Common stock
$17Surplus
$18,474Undivided profits
Memoranda
$29,367Noncurrent loans and leases
$16,856Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$20,248Earning assets
$0Long-term assets (5+ years)
$2,651Average Assets, year-to-date
$536,283Average Assets, quarterly
$0Volatile liabilities
$580,100Insider loans
$565,551FHLB advances
$145,796Loans and leases held for sale
$2,963Unused loan commitments
$51,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,856Total unused commitments
$1,876Restructured Loans and leases
$4,288Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$31,915Total interest income
$11,493Total interest expense
$20,422Net interest income
$4,025Provision for loan and lease losses
$1,795Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,795Additional noninterest income
$23,610Total noninterest expense
$8,466Salaries and employee benefits
$2,629Premises and equipment expense
$12,515Additional noninterest expense
-$5,418Pre-tax net operating income
$0Securities gains (losses)
-$369Applicable income taxes
-$5,049Income before extraordinary items
$0Extraordinary gains - net
-$5,049Net income attributable to bank
$0Net charge-offs
-$5,049Cash dividends
$3,313Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.74%Yield on earning assets
2.07%Cost of funding earning assets
3.67%Net interest margin
0.32%Noninterest income to earning assets
4.24%Noninterest expense to earning assets
-0.87%Net operating income to assets
-0.87%Return on assets (ROA)
-0.93%Pretax return on assets
-10.12%Return on equity (ROE)
-10.12%Retained earnings to average equity (YTD only)
0.77%Net charge-offs to loans
121.49%Credit loss provision to net charge-offs
-0.42%Efficiency ratio
106,270Assets per employee
6.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
21.18%Noncurrent assets plus other real estate owned to assets
3.69%Noncurrent loans to loans
4.75%Net loans and leases to deposits
93.84%Net loans and leases to core deposits
118.93%Equity capital to assets
8.57%Core capital (leverage) ratio
8.89%Tier 1 risk-based capital ratio
13.46%Total risk-based capital ratio
Memoranda
$15Average assets
$580,100Average earning assets
$49,900Average equity
$556,326Average loans
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