The Farmers and Merchants National Bank of Bridgeton - Overview
General
FDIC Certificate #: 6455 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Hudson United Bank (#12256) Federal Reserve ID: 197517 Date Established: September 01, 1909 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 16 (Interstate: No) FDIC's unique #: 4318 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: December 01, 1999 Last Structure Change Process Date: Febuary 11, 2000 Last Data Update: Febuary 11, 2000 Data Source Date: April 05, 2012
Location
Address: 53 South Laurel Street, Bridgeton, NJ 8302 County: Cumberland 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): Vineland-Millville-Bridgeton, NJ (#8760) 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): Vineland-Millville-Bridgeton, NJ (#47220) CBSA Metro Statistical Area: Vineland-Millville-Bridgeton, NJ (#47220)
Financial Summary
Total assets: $425.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
214Total employees (full-time equivalent)
$480,420Total assets
$19,809Cash and due from depository institutions
$2,450Interest-bearing balances
$98,974Securities
$67,700Federal funds sold & reverse repurchase agreements
$258,755Net loans & leases
$10,138Loan loss allowance
$0Trading account assets
$6,994Bank premises and fixed assets
$1,010Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$27,178All other assets
$480,420Total liabilities and capital
$450,571Total liabilities
$445,566Total deposits
$380,179Interest-bearing deposits
$445,566Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$5,005All other liabilities
$29,849Total equity capital
$29,849Total bank equity capital
$29,849Perpetual preferred stock
$0Common stock
$2,125Surplus
$2,150Undivided profits
Memoranda
$25,574Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17,043Earning assets
$0Long-term assets (5+ years)
$2,194Average Assets, year-to-date
$427,879Average Assets, quarterly
$130,234Volatile liabilities
$475,738Insider loans
$472,530FHLB advances
$66,106Loans and leases held for sale
$3,144Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,291Total unused commitments
$0Restructured Loans and leases
$320,356Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$33,212Total interest income
$18,390Total interest expense
$14,822Net interest income
$15,420Provision for loan and lease losses
$3,509Total noninterest income
$834Fiduciary activities
$1,707Service charges on deposit accounts
$0Trading account gains & fees
$968Additional noninterest income
$14,589Total noninterest expense
$6,575Salaries and employee benefits
$2,196Premises and equipment expense
$5,818Additional noninterest expense
-$11,678Pre-tax net operating income
$0Securities gains (losses)
-$4,888Applicable income taxes
-$6,790Income before extraordinary items
$0Extraordinary gains - net
-$6,790Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10,518Sale, conversion, retirement of capital stock, net
$327Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.79%Yield on earning assets
4.31%Cost of funding earning assets
3.48%Net interest margin
0.82%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
-1.43%Net operating income to assets
-1.43%Return on assets (ROA)
-2.45%Pretax return on assets
-19.89%Return on equity (ROE)
-20.84%Retained earnings to average equity (YTD only)
3.64%Net charge-offs to loans
146.61%Credit loss provision to net charge-offs
0.36%Efficiency ratio
79,586Assets per employee
2.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
-4.82%Loss allowance to loans
3.77%Loss allowance to noncurrent loans
59.48%Noncurrent assets plus other real estate owned to assets
3.76%Noncurrent loans to loans
6.34%Net loans and leases to deposits
58.07%Net loans and leases to core deposits
68.19%Equity capital to assets
6.21%Core capital (leverage) ratio
5.50%Tier 1 risk-based capital ratio
8.23%Total risk-based capital ratio
Memoranda
$10Average assets
$475,738Average earning assets
$34,146Average equity
$426,201Average loans
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The Farmers and Merchants National Bank of Bridgeton
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