The Midland Bank and Trust Company in Paramus, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1997

  • The Midland Bank and Trust Company in Paramus, New Jersey (NJ)
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The Midland Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 17867
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 786304
    Date Established: May 17, 1958
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Interstate: No)
    OTS Docket #: 13913
    FDIC's unique #: 11806
    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 17, 1958
    Last Structure Change Effective Date: March 01, 1997
    Last Structure Change Process Date: March 27, 1997
    Last Data Update: March 27, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 80 East Ridgewood Avenue, Paramus, NJ 7652
    County: Bergen
    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): Bergen-Passaic, NJ (#875)
    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: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $438.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $185Total assets
  • $438,887Cash and due from depository institutions
  • $34,123Interest-bearing balances
  • $81Securities
  • $85,230Federal funds sold & reverse repurchase agreements
  • $17,450Net loans & leases
  • $289,230Loan loss allowance
  • $4,869Trading account assets
  • $0Bank premises and fixed assets
  • $7,299Other real estate owned
  • $348Goodwill and other intangibles
  • $5,207Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $438,887Total liabilities
  • $405,352Total deposits
  • $402,984Interest-bearing deposits
  • $278,657Deposits held in domestic offices
  • 402984.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $400Subordinated debt
  • $0All other liabilities
  • $1,968Total equity capital
  • $1,968Total bank equity capital
  • $33,535Perpetual preferred stock
  • $0Common stock
  • $1,938Surplus
  • $1,178Undivided profits
  • Memoranda
  • $30,419Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,349Income earned, not collected on loans
  • $1,632Earning assets
  • $391,991Long-term assets (5+ years)
  • $20,955Average Assets, year-to-date
  • $418,720Average Assets, quarterly
  • $432,560Volatile liabilities
  • $36,578Insider loans
  • $10,610FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $34,713Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $33,603Total risk weighted assets
  • $297,069Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $29,666Total interest expense
  • $9,357Net interest income
  • $20,309Provision for loan and lease losses
  • $910Total noninterest income
  • $2,638Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,193Trading account gains & fees
  • $0Additional noninterest income
  • $445Total noninterest expense
  • $16,250Salaries and employee benefits
  • $9,079Premises and equipment expense
  • $3,953Additional noninterest expense
  • $3,218Pre-tax net operating income
  • $5,787Securities gains (losses)
  • $0Applicable income taxes
  • $2,145Income before extraordinary items
  • $3,642Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,642Net charge-offs
  • $362Cash dividends
  • $2,640Sale, conversion, retirement of capital stock, net
  • $209Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.94%Cost of funding earning assets
  • 2.51%Net interest margin
  • 5.44%Noninterest income to earning assets
  • 0.71%Noninterest expense to earning assets
  • 4.35%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 1.38%Return on equity (ROE)
  • 10.94%Retained earnings to average equity (YTD only)
  • 3.01%Net charge-offs to loans
  • 0.13%Credit loss provision to net charge-offs
  • 251.38%Efficiency ratio
  • 70,815Assets per employee
  • 2.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.49%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 207.28%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 71.77%Net loans and leases to core deposits
  • 78.94%Equity capital to assets
  • 7.64%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 11.31%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $418,720Average earning assets
  • $33,288Average equity
  • $373,487Average loans
1
Princess K Holmes
⚠
Sep 25, 2022 @ 3:03 am
Hi There.My name is Princess K Holmes. My dad had an account with you couple of years back.
His Name is Prince D Kpewoan Sr. Who can I reach for inquires.

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