The Coastal Bank in Ocean City, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1993

  • The Coastal Bank in Ocean City, New Jersey (NJ)
  • Show street view No street view available for this location

The Coastal Bank - Overview

  • General
  • FDIC Certificate #: 27185
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Commerce Bank, National Association (#21140)
    Federal Reserve ID: 1167384
    Date Established: Febuary 26, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 39027
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 26, 1988
    Last Structure Change Effective Date: September 30, 1993
    Last Structure Change Process Date: October 06, 1993
    Last Data Update: October 06, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 East Ninth Street, Ocean City, NJ 8226
    County: Cape May
    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): Atlantic-Cape May, NJ (#560)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Core Based Statistical Area (CBSA): Ocean City, NJ (#36140)
    CBSA Metro Statistical Area: Ocean City, NJ (#36140)
  • Financial Summary
  • Total assets: $52.2 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $36Total assets
  • $51,415Cash and due from depository institutions
  • $2,172Interest-bearing balances
  • $0Securities
  • $14,870Federal funds sold & reverse repurchase agreements
  • $2,850Net loans & leases
  • $27,906Loan loss allowance
  • $801Trading account assets
  • $0Bank premises and fixed assets
  • $2,607Other real estate owned
  • $522Goodwill and other intangibles
  • $370Life insurance assets
  • $118All other assets
  • $0Total liabilities and capital
  • $51,415Total liabilities
  • $46,423Total deposits
  • $45,476Interest-bearing deposits
  • $39,937Deposits held in domestic offices
  • 45476.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $670Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $277Total equity capital
  • $277Total bank equity capital
  • $4,992Perpetual preferred stock
  • $0Common stock
  • $2,892Surplus
  • $3,051Undivided profits
  • Memoranda
  • $-951Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,023Income earned, not collected on loans
  • $143Earning assets
  • $45,626Long-term assets (5+ years)
  • $4,598Average Assets, year-to-date
  • $48,657Average Assets, quarterly
  • $50,210Volatile liabilities
  • $2,738Insider loans
  • $770FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,072Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,874Total risk weighted assets
  • $30,080Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,680Total interest expense
  • $1,596Net interest income
  • $2,084Provision for loan and lease losses
  • $79Total noninterest income
  • $374Fiduciary activities
  • $0Service charges on deposit accounts
  • $233Trading account gains & fees
  • $0Additional noninterest income
  • $141Total noninterest expense
  • $2,178Salaries and employee benefits
  • $1,132Premises and equipment expense
  • $335Additional noninterest expense
  • $711Pre-tax net operating income
  • $201Securities gains (losses)
  • $55Applicable income taxes
  • $30Income before extraordinary items
  • $226Extraordinary gains - net
  • $30Net income attributable to bank
  • $256Net charge-offs
  • -$59Cash dividends
  • $0Sale, 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
  • 8.51%Cost of funding earning assets
  • 3.69%Net interest margin
  • 4.82%Noninterest income to earning assets
  • 0.87%Noninterest expense to earning assets
  • 5.04%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 0.59%Return on equity (ROE)
  • 5.31%Retained earnings to average equity (YTD only)
  • 5.31%Net charge-offs to loans
  • -0.21%Credit loss provision to net charge-offs
  • -133.90%Efficiency ratio
  • 86,371Assets per employee
  • 1.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.79%Loss allowance to noncurrent loans
  • 78.30%Noncurrent assets plus other real estate owned to assets
  • 3.00%Noncurrent loans to loans
  • 3.56%Net loans and leases to deposits
  • 61.36%Net loans and leases to core deposits
  • 64.29%Equity capital to assets
  • 9.71%Core capital (leverage) ratio
  • 10.06%Tier 1 risk-based capital ratio
  • 16.20%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $48,657Average earning assets
  • $4,821Average equity
  • $43,221Average loans

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