The Ramapo Bank in Wayne Township, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 11, 1999

  • The Ramapo Bank in Wayne Township, New Jersey (NJ)
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The Ramapo Bank - Overview

  • General
  • FDIC Certificate #: 19721
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 314707
    Date Established: June 19, 1967
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    FDIC's unique #: 13517
    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: June 19, 1967
    Last Structure Change Effective Date: June 11, 1999
    Last Structure Change Process Date: June 30, 1999
    Last Data Update: June 30, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 64 Mountain View Boulevard, Wayne Township, NJ 7470
    County: Passaic
    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: $334.1 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
  • 115Total employees (full-time equivalent)
  • $337,119Total assets
  • $10,127Cash and due from depository institutions
  • $0Interest-bearing balances
  • $145,188Securities
  • $6,100Federal funds sold & reverse repurchase agreements
  • $165,026Net loans & leases
  • $4,773Loan loss allowance
  • $0Trading account assets
  • $2,906Bank premises and fixed assets
  • $1,920Other real estate owned
  • $501Goodwill and other intangibles
  • $0Life insurance assets
  • $5,351All other assets
  • $337,119Total liabilities and capital
  • $308,428Total liabilities
  • $301,339Total deposits
  • $231,443Interest-bearing deposits
  • $301,339Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,536Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,553All other liabilities
  • $28,691Total equity capital
  • $28,691Total bank equity capital
  • $28,691Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $13,243Undivided profits
  • Memoranda
  • $13,448Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $503Earning assets
  • $0Long-term assets (5+ years)
  • $1,001Average Assets, year-to-date
  • $316,314Average Assets, quarterly
  • $68,817Volatile liabilities
  • $314,978Insider loans
  • $332,144FHLB advances
  • $18,044Loans and leases held for sale
  • $3,024Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $38,891Total unused commitments
  • $0Restructured Loans and leases
  • $225,791Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $21,679Total interest income
  • $7,755Total interest expense
  • $13,924Net interest income
  • $275Provision for loan and lease losses
  • $2,432Total noninterest income
  • $0Fiduciary activities
  • $1,345Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,087Additional noninterest income
  • $9,726Total noninterest expense
  • $5,433Salaries and employee benefits
  • $1,673Premises and equipment expense
  • $2,620Additional noninterest expense
  • $6,355Pre-tax net operating income
  • $1Securities gains (losses)
  • $2,299Applicable income taxes
  • $4,057Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,057Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $130Sale, conversion, retirement of capital stock, net
  • $4,218Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.41%Yield on earning assets
  • 2.65%Cost of funding earning assets
  • 4.76%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 2.02%Pretax return on assets
  • 14.27%Return on equity (ROE)
  • -0.57%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 211.54%Credit loss provision to net charge-offs
  • 51.00%Efficiency ratio
  • 58,731Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 103.97%Loss allowance to loans
  • 2.81%Loss allowance to noncurrent loans
  • 948.91%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 54.76%Net loans and leases to core deposits
  • 57.33%Equity capital to assets
  • 8.51%Core capital (leverage) ratio
  • 8.51%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $314,978Average earning assets
  • $28,424Average equity
  • $292,701Average loans

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