Peoples Bank, National Association in Belleville, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 18, 1993

  • Peoples Bank, National Association in Belleville, New Jersey (NJ)
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Peoples Bank, National Association - Overview

  • General
  • FDIC Certificate #: 6303
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 596204
    Date Established: September 19, 1921
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 4251
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 18, 1993
    Last Structure Change Process Date: June 24, 1993
    Last Data Update: June 24, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 237 Washington Avenue, Belleville, NJ 7109
    County: Essex
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $226.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $127Total assets
  • $234,687Cash and due from depository institutions
  • $9,551Interest-bearing balances
  • $0Securities
  • $36,729Federal funds sold & reverse repurchase agreements
  • $33,500Net loans & leases
  • $143,925Loan loss allowance
  • $3,445Trading account assets
  • $0Bank premises and fixed assets
  • $5,488Other real estate owned
  • $3,231Goodwill and other intangibles
  • $2,263Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $234,687Total liabilities
  • $223,543Total deposits
  • $218,386Interest-bearing deposits
  • $175,277Deposits held in domestic offices
  • 218386.00%% insured (estimated)
  • $80Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,080Subordinated debt
  • $0All other liabilities
  • $2,077Total equity capital
  • $2,077Total bank equity capital
  • $11,144Perpetual preferred stock
  • $0Common stock
  • $2,370Surplus
  • $2,370Undivided profits
  • Memoranda
  • $6,404Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,969Income earned, not collected on loans
  • $856Earning assets
  • $214,154Long-term assets (5+ years)
  • $38,748Average Assets, year-to-date
  • $225,440Average Assets, quarterly
  • $228,976Volatile liabilities
  • $11,627Insider loans
  • $2,119FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $19,503Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,144Total risk weighted assets
  • $145,998Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $17,877Total interest expense
  • $6,920Net interest income
  • $10,957Provision for loan and lease losses
  • $521Total noninterest income
  • $1,829Fiduciary activities
  • $5Service charges on deposit accounts
  • $1,532Trading account gains & fees
  • $0Additional noninterest income
  • $292Total noninterest expense
  • $12,388Salaries and employee benefits
  • $4,358Premises and equipment expense
  • $1,740Additional noninterest expense
  • $6,290Pre-tax net operating income
  • -$123Securities gains (losses)
  • -$7Applicable income taxes
  • $0Income before extraordinary items
  • -$130Extraordinary gains - net
  • $0Net income attributable to bank
  • -$130Net charge-offs
  • $2,403Cash dividends
  • $95Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.71%Cost of funding earning assets
  • 3.37%Net interest margin
  • 5.34%Noninterest income to earning assets
  • 0.89%Noninterest expense to earning assets
  • 6.04%Net operating income to assets
  • -0.05%Return on assets (ROA)
  • -0.06%Pretax return on assets
  • -0.06%Return on equity (ROE)
  • -1.13%Retained earnings to average equity (YTD only)
  • -1.96%Net charge-offs to loans
  • 1.67%Credit loss provision to net charge-offs
  • 21.68%Efficiency ratio
  • 96,887Assets per employee
  • 1.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -73.08%Loss allowance to loans
  • 2.34%Loss allowance to noncurrent loans
  • 69.33%Noncurrent assets plus other real estate owned to assets
  • 3.49%Noncurrent loans to loans
  • 3.37%Net loans and leases to deposits
  • 65.90%Net loans and leases to core deposits
  • 69.61%Equity capital to assets
  • 4.75%Core capital (leverage) ratio
  • 4.91%Tier 1 risk-based capital ratio
  • 7.63%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $225,440Average earning assets
  • $11,474Average equity
  • $205,261Average loans

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