The Trust Company of New Jersey in city_name, state_name - Detailed Financial Reports, Location

The Trust Company of New Jersey in Jersey City, New Jersey (NJ)
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The Trust Company of New Jersey - Overview

General
FDIC Certificate #: 12525
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: North Fork Bank (#15985)
Federal Reserve ID: 31303
Date Established: April 06, 1896
WWW: http://www.trustcompany.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 76 (Interstate: No)
FDIC's unique #: 7970
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: January 01, 1934
Last Structure Change Effective Date: May 14, 2004
Last Structure Change Process Date: July 29, 2004
Last Data Update: July 29, 2004
Data Source Date: April 05, 2012
Location
Address: 35 Journal Square, Jersey City, NJ 7306
County: Hudson
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): Jersey City, NJ (#3640)
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: $4,203.6 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, 2003)

Dollar figures in thousands
1,225Total employees (full-time equivalent)
$4,278,684Total assets
$117,403Cash and due from depository institutions
$0Interest-bearing balances
$1,703,333Securities
$30,000Federal funds sold & reverse repurchase agreements
$2,188,687Net loans & leases
$10,144Loan loss allowance
$0Trading account assets
$36,872Bank premises and fixed assets
$3,195Other real estate owned
$6,071Goodwill and other intangibles
$0Life insurance assets
$193,123All other assets
$4,278,684Total liabilities and capital
$4,015,390Total liabilities
$3,307,438Total deposits
$2,674,003Interest-bearing deposits
$3,307,438Deposits held in domestic offices
0.00%% insured (estimated)
$118,947Federal funds purchased & repurchase agreements
$0Trading liabilities
$552,384Other borrowed funds
$0Subordinated debt
$36,621All other liabilities
$263,294Total equity capital
$263,294Total bank equity capital
$263,294Perpetual preferred stock
$0Common stock
$36,776Surplus
$30,061Undivided profits
Memoranda
$196,457Noncurrent loans and leases
$462,261Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23,961Earning assets
$0Long-term assets (5+ years)
$20,602Average Assets, year-to-date
$3,922,020Average Assets, quarterly
$2,019,193Volatile liabilities
$4,320,866Insider loans
$4,281,474FHLB advances
$848,443Loans and leases held for sale
$23,517Unused loan commitments
$550,000Tier 1 (core) risk-based capital
$175,000Tier 2 risk-based capital
$66,095Total risk weighted assets
$462,261Total unused commitments
$0Restructured Loans and leases
$10,144Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$204,585Total interest income
$78,647Total interest expense
$125,938Net interest income
$12,800Provision for loan and lease losses
$36,784Total noninterest income
$2,012Fiduciary activities
$13,066Service charges on deposit accounts
$0Trading account gains & fees
$21,706Additional noninterest income
$129,942Total noninterest expense
$53,718Salaries and employee benefits
$23,028Premises and equipment expense
$53,196Additional noninterest expense
$19,980Pre-tax net operating income
$1,190Securities gains (losses)
$2,603Applicable income taxes
$18,567Income before extraordinary items
$0Extraordinary gains - net
$18,567Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$12,627Sale, conversion, retirement of capital stock, net
$12,486Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.22%Yield on earning assets
2.01%Cost of funding earning assets
3.21%Net interest margin
0.94%Noninterest income to earning assets
3.31%Noninterest expense to earning assets
0.41%Net operating income to assets
0.43%Return on assets (ROA)
0.49%Pretax return on assets
6.93%Return on equity (ROE)
2.27%Retained earnings to average equity (YTD only)
0.61%Net charge-offs to loans
101.37%Credit loss provision to net charge-offs
2.60%Efficiency ratio
79,736Assets per employee
3.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.25%Loss allowance to loans
0.46%Loss allowance to noncurrent loans
42.34%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
1.09%Net loans and leases to deposits
66.17%Net loans and leases to core deposits
84.82%Equity capital to assets
6.15%Core capital (leverage) ratio
5.75%Tier 1 risk-based capital ratio
9.63%Total risk-based capital ratio
Memoranda
$10Average assets
$4,320,866Average earning assets
$267,861Average equity
$3,921,669Average 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
$2,331,941Managed Assets
1Number of Accounts
$1,356,287Personal trust and agency accounts
$33,491Employee benefit-defined contribution accounts
$100,453Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$1,214,245Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$8,098Non-managed Assets
370Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$975,654Other retirement accounts
$0Corporate trust and agency accounts
$4,234Other fiduciary accounts
$18,548Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2003)

Dollar figures in thousands
Principal balance with servicing or other recourse retained
$677,4271-4 family residential loans
$0Home equity lines
$0Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans

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

The Trust Company of New Jersey - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

Total Fiduciary and Related Assets (December 31, 2003)

Bank Assets Sold and Securitized (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

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

The Trust Company of New Jersey - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

Total Fiduciary and Related Assets (December 31, 2003)

Bank Assets Sold and Securitized (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

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