The Community Bank of New Jersey in Freehold Township, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 09, 2004

  • The Community Bank of New Jersey in Freehold Township, New Jersey (NJ)
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The Community Bank of New Jersey - Overview

  • General
  • FDIC Certificate #: 34287
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sun National Bank (#26240)
    Federal Reserve ID: 2575995
    Date Established: May 15, 1997
    WWW: http://www.cbnj.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    FDIC's unique #: 57046
    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: May 15, 1997
    Last Structure Change Effective Date: July 09, 2004
    Last Structure Change Process Date: August 17, 2004
    Last Data Update: August 17, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 3535 Highway 9 North, Freehold Township, NJ 7728
    County: Monmouth
    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): Monmouth-Ocean, NJ (#5190)
    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: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $376.9 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, 2003)

  • Dollar figures in thousands
  • 104Total employees (full-time equivalent)
  • $428,044Total assets
  • $11,465Cash and due from depository institutions
  • $335Interest-bearing balances
  • $196,380Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $199,426Net loans & leases
  • $2,618Loan loss allowance
  • $0Trading account assets
  • $6,832Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $13,941All other assets
  • $428,044Total liabilities and capital
  • $404,412Total liabilities
  • $331,408Total deposits
  • $273,642Interest-bearing deposits
  • $331,408Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $60,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $12,400Other borrowed funds
  • $0Subordinated debt
  • $604All other liabilities
  • $23,632Total equity capital
  • $23,632Total bank equity capital
  • $23,632Perpetual preferred stock
  • $0Common stock
  • $8,985Surplus
  • $10,713Undivided profits
  • Memoranda
  • $3,934Noncurrent loans and leases
  • $49,000Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,868Average Assets, year-to-date
  • $396,141Average Assets, quarterly
  • $52,276Volatile liabilities
  • $389,877Insider loans
  • $430,364FHLB advances
  • $105,263Loans and leases held for sale
  • $0Unused loan commitments
  • $12,400Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $49,000Total unused commitments
  • $0Restructured Loans and leases
  • $2,618Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $17,402Total interest income
  • $5,597Total interest expense
  • $11,805Net interest income
  • $214Provision for loan and lease losses
  • $1,520Total noninterest income
  • $0Fiduciary activities
  • $596Service charges on deposit accounts
  • $0Trading account gains & fees
  • $924Additional noninterest income
  • $9,468Total noninterest expense
  • $4,561Salaries and employee benefits
  • $1,782Premises and equipment expense
  • $3,125Additional noninterest expense
  • $3,643Pre-tax net operating income
  • $408Securities gains (losses)
  • $1,379Applicable income taxes
  • $2,672Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,672Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 3.25%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 11.13%Return on equity (ROE)
  • 11.13%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 10700.00%Credit loss provision to net charge-offs
  • 1928.50%Efficiency ratio
  • 71,054Assets per employee
  • 4.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 60.18%Net loans and leases to core deposits
  • 66.80%Equity capital to assets
  • 5.52%Core capital (leverage) ratio
  • 5.96%Tier 1 risk-based capital ratio
  • 9.71%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $389,877Average earning assets
  • $23,998Average equity
  • $362,787Average loans

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