The Newton Trust Company in Newton, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 04, 2005

  • The Newton Trust Company in Newton, New Jersey (NJ)
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The Newton Trust Company - Overview

  • General
  • FDIC Certificate #: 14940
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lakeland Bank (#19953)
    Federal Reserve ID: 750501
    Date Established: April 01, 1902
    WWW: http://www.newtontrust.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    FDIC's unique #: 9358
    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: December 20, 1934
    Last Structure Change Effective Date: November 04, 2005
    Last Structure Change Process Date: December 06, 2005
    Last Data Update: December 06, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 Park Place, Newton, NJ 7860
    County: Sussex
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $374.7 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, 2004)

  • Dollar figures in thousands
  • 80Total employees (full-time equivalent)
  • $367,984Total assets
  • $14,191Cash and due from depository institutions
  • $58Interest-bearing balances
  • $75,550Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $199,931Net loans & leases
  • $1,866Loan loss allowance
  • $0Trading account assets
  • $3,673Bank premises and fixed assets
  • $650Other real estate owned
  • $65,653Goodwill and other intangibles
  • $0Life insurance assets
  • $8,336All other assets
  • $367,984Total liabilities and capital
  • $270,517Total liabilities
  • $257,632Total deposits
  • $209,361Interest-bearing deposits
  • $257,632Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,788Other borrowed funds
  • $0Subordinated debt
  • $4,097All other liabilities
  • $97,467Total equity capital
  • $97,467Total bank equity capital
  • $97,467Perpetual preferred stock
  • $0Common stock
  • $1,435Surplus
  • $94,443Undivided profits
  • Memoranda
  • $1,589Noncurrent loans and leases
  • $33,030Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,227Earning assets
  • $0Long-term assets (5+ years)
  • $1,476Average Assets, year-to-date
  • $275,539Average Assets, quarterly
  • $64,854Volatile liabilities
  • $337,740Insider loans
  • $369,659FHLB advances
  • $14,418Loans and leases held for sale
  • $1,471Unused loan commitments
  • $8,788Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $33,030Total unused commitments
  • $0Restructured Loans and leases
  • $1,866Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $7,333Total interest income
  • $1,352Total interest expense
  • $5,981Net interest income
  • $102Provision for loan and lease losses
  • $797Total noninterest income
  • $5Fiduciary activities
  • $436Service charges on deposit accounts
  • $0Trading account gains & fees
  • $356Additional noninterest income
  • $4,454Total noninterest expense
  • $1,958Salaries and employee benefits
  • $685Premises and equipment expense
  • $1,811Additional noninterest expense
  • $2,222Pre-tax net operating income
  • $1Securities gains (losses)
  • $713Applicable income taxes
  • $1,510Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,510Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $537Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.58%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 2.11%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 1.57%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 2.58%Return on equity (ROE)
  • 2.58%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 18.99%Credit loss provision to net charge-offs
  • 4.33%Efficiency ratio
  • 59,782Assets per employee
  • 4.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 57.82%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 1.60%Net loans and leases to deposits
  • 77.60%Net loans and leases to core deposits
  • 80.15%Equity capital to assets
  • 26.49%Core capital (leverage) ratio
  • 10.35%Tier 1 risk-based capital ratio
  • 14.49%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $337,740Average earning assets
  • $58,598Average equity
  • $283,819Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $862Managed Assets
  • 1Number of Accounts
  • $862Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $862Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 22Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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