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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