United Counties Trust Company in Cranford, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 23, 1996

  • United Counties Trust Company in Cranford, New Jersey (NJ)
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United Counties Trust Company - Overview

  • General
  • FDIC Certificate #: 552
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Meridian Bank, New Jersey (#6493)
    Federal Reserve ID: 375708
    Date Established: January 01, 1864
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 36 (Interstate: No)
    FDIC's unique #: 389
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 23, 1996
    Last Structure Change Process Date: April 04, 1996
    Last Data Update: April 04, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: Four Commerce Drive, Cranford, NJ 7016
    County: Union
    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: $1,586.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $580Total assets
  • $1,586,222Cash and due from depository institutions
  • $67,498Interest-bearing balances
  • $0Securities
  • $961,115Federal funds sold & reverse repurchase agreements
  • $137,619Net loans & leases
  • $374,452Loan loss allowance
  • $11,017Trading account assets
  • $0Bank premises and fixed assets
  • $11,267Other real estate owned
  • $0Goodwill and other intangibles
  • $34,271Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $1,586,222Total liabilities
  • $1,431,823Total deposits
  • $1,311,650Interest-bearing deposits
  • $1,041,175Deposits held in domestic offices
  • 1311650.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $91,144Trading liabilities
  • $0Other borrowed funds
  • $8,990Subordinated debt
  • $0All other liabilities
  • $20,039Total equity capital
  • $20,039Total bank equity capital
  • $154,399Perpetual preferred stock
  • $0Common stock
  • $12,130Surplus
  • $10,840Undivided profits
  • Memoranda
  • $131,429Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,161Income earned, not collected on loans
  • $2,459Earning assets
  • $1,473,186Long-term assets (5+ years)
  • $103,568Average Assets, year-to-date
  • $1,602,613Average Assets, quarterly
  • $1,592,343Volatile liabilities
  • $130,432Insider loans
  • $19,246FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $161,795Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $151,532Total risk weighted assets
  • $493,837Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $101,186Total interest expense
  • $40,851Net interest income
  • $60,335Provision for loan and lease losses
  • -$500Total noninterest income
  • $5,474Fiduciary activities
  • $1,050Service charges on deposit accounts
  • $2,955Trading account gains & fees
  • $0Additional noninterest income
  • $1,469Total noninterest expense
  • $33,130Salaries and employee benefits
  • $20,093Premises and equipment expense
  • $5,132Additional noninterest expense
  • $7,905Pre-tax net operating income
  • $33,179Securities gains (losses)
  • $0Applicable income taxes
  • $11,074Income before extraordinary items
  • $22,105Extraordinary gains - net
  • $0Net income attributable to bank
  • $22,105Net charge-offs
  • -$446Cash dividends
  • $27,858Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.86%Cost of funding earning assets
  • 2.77%Net interest margin
  • 4.09%Noninterest income to earning assets
  • 0.37%Noninterest expense to earning assets
  • 2.24%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 2.07%Return on equity (ROE)
  • 14.64%Retained earnings to average equity (YTD only)
  • -3.81%Net charge-offs to loans
  • -0.12%Credit loss provision to net charge-offs
  • 112.11%Efficiency ratio
  • 49,723Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 126.03%Loss allowance to loans
  • 2.86%Loss allowance to noncurrent loans
  • 213.47%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 28.55%Net loans and leases to core deposits
  • 29.22%Equity capital to assets
  • 9.73%Core capital (leverage) ratio
  • 9.60%Tier 1 risk-based capital ratio
  • 30.68%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $1,602,613Average earning assets
  • $150,984Average equity
  • $1,475,992Average loans

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