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

This bank is inactive as of August 14, 1998

  • The Community National Bank of New Jersey in Westmont, New Jersey (NJ)
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The Community National Bank of New Jersey - Overview

  • General
  • FDIC Certificate #: 27087
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Hudson United Bank (#12256)
    Federal Reserve ID: 1004519
    Date Established: October 01, 1987
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Interstate: No)
    FDIC's unique #: 38733
    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: October 01, 1987
    Last Structure Change Effective Date: August 14, 1998
    Last Structure Change Process Date: September 02, 1998
    Last Data Update: September 02, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 224 Haddon Avenue, Westmont, NJ 8108
    County: Camden
    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): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Camden, NJ (#15804)
  • History of Changes
  • Absorption - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $173.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 109Total employees (full-time equivalent)
  • $150,597Total assets
  • $10,852Cash and due from depository institutions
  • $0Interest-bearing balances
  • $37,883Securities
  • $7,300Federal funds sold & reverse repurchase agreements
  • $87,545Net loans & leases
  • $974Loan loss allowance
  • $0Trading account assets
  • $4,886Bank premises and fixed assets
  • $108Other real estate owned
  • $300Goodwill and other intangibles
  • $0Life insurance assets
  • $1,723All other assets
  • $150,597Total liabilities and capital
  • $139,035Total liabilities
  • $136,757Total deposits
  • $91,083Interest-bearing deposits
  • $136,757Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,596Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $682All other liabilities
  • $11,562Total equity capital
  • $11,562Total bank equity capital
  • $11,562Perpetual preferred stock
  • $0Common stock
  • $1,745Surplus
  • $5,807Undivided profits
  • Memoranda
  • $4,010Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $803Earning assets
  • $0Long-term assets (5+ years)
  • $509Average Assets, year-to-date
  • $132,728Average Assets, quarterly
  • $18,087Volatile liabilities
  • $133,611Insider loans
  • $144,832FHLB advances
  • $9,774Loans and leases held for sale
  • $925Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,280Total unused commitments
  • $0Restructured Loans and leases
  • $92,791Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $9,312Total interest income
  • $2,996Total interest expense
  • $6,316Net interest income
  • $590Provision for loan and lease losses
  • $1,300Total noninterest income
  • $0Fiduciary activities
  • $637Service charges on deposit accounts
  • $0Trading account gains & fees
  • $663Additional noninterest income
  • $6,269Total noninterest expense
  • $3,232Salaries and employee benefits
  • $1,100Premises and equipment expense
  • $1,937Additional noninterest expense
  • $757Pre-tax net operating income
  • $0Securities gains (losses)
  • $127Applicable income taxes
  • $630Income before extraordinary items
  • $0Extraordinary gains - net
  • $630Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $354Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.87%Yield on earning assets
  • 2.53%Cost of funding earning assets
  • 5.34%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 5.30%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 5.62%Return on equity (ROE)
  • 5.62%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 166.67%Credit loss provision to net charge-offs
  • 3.81%Efficiency ratio
  • 81,933Assets per employee
  • 1.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 121.30%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 64.02%Net loans and leases to core deposits
  • 68.09%Equity capital to assets
  • 7.68%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 12.43%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $133,611Average earning assets
  • $11,219Average equity
  • $118,331Average loans

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