United Trust Bank in Bridgewater, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 19, 2004

  • United Trust Bank in Bridgewater, New Jersey (NJ)
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United Trust Bank - Overview

  • General
  • FDIC Certificate #: 6308
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 143000
    Date Established: January 01, 1900
    WWW: http://www.unitedtrust.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 58 (Interstate: No)
    OTS Docket #: 12424
    FDIC's unique #: 4255
    Numeric code: 13
    Regulator: FED
    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: March 19, 2004
    Last Structure Change Process Date: April 05, 2004
    Last Data Update: April 05, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1130 Route 22 East, Bridgewater, NJ 8807
    County: Somerset
    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): Middlesex-Somerset-Hunterdon, NJ (#5015)
    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: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $2,948.1 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
  • 701Total employees (full-time equivalent)
  • $2,948,054Total assets
  • $72,169Cash and due from depository institutions
  • $0Interest-bearing balances
  • $640,717Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,969,476Net loans & leases
  • $22,537Loan loss allowance
  • $0Trading account assets
  • $31,551Bank premises and fixed assets
  • $1,463Other real estate owned
  • $95,165Goodwill and other intangibles
  • $0Life insurance assets
  • $137,513All other assets
  • $2,948,054Total liabilities and capital
  • $2,654,213Total liabilities
  • $2,276,771Total deposits
  • $1,887,862Interest-bearing deposits
  • $2,276,771Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $76,919Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $278,121Other borrowed funds
  • $0Subordinated debt
  • $22,402All other liabilities
  • $293,841Total equity capital
  • $293,841Total bank equity capital
  • $293,841Perpetual preferred stock
  • $0Common stock
  • $11,628Surplus
  • $225,809Undivided profits
  • Memoranda
  • $56,404Noncurrent loans and leases
  • $506,337Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,397Earning assets
  • $0Long-term assets (5+ years)
  • $11,529Average Assets, year-to-date
  • $2,610,193Average Assets, quarterly
  • $1,310,808Volatile liabilities
  • $2,992,283Insider loans
  • $3,048,037FHLB advances
  • $287,040Loans and leases held for sale
  • $10,078Unused loan commitments
  • $266,191Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,857Total risk weighted assets
  • $506,337Total unused commitments
  • $287Restructured Loans and leases
  • $22,537Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $148,745Total interest income
  • $45,582Total interest expense
  • $103,163Net interest income
  • $11,855Provision for loan and lease losses
  • $25,531Total noninterest income
  • $6,101Fiduciary activities
  • $7,570Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11,860Additional noninterest income
  • $101,133Total noninterest expense
  • $43,429Salaries and employee benefits
  • $14,649Premises and equipment expense
  • $43,055Additional noninterest expense
  • $15,706Pre-tax net operating income
  • $5,114Securities gains (losses)
  • $4,817Applicable income taxes
  • $16,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,003Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $9,725Sale, conversion, retirement of capital stock, net
  • $19,290Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.59%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 3.88%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 5.28%Return on equity (ROE)
  • -1.08%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 121.90%Credit loss provision to net charge-offs
  • 2.83%Efficiency ratio
  • 76,179Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 120.54%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 268.39%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 86.50%Net loans and leases to core deposits
  • 92.34%Equity capital to assets
  • 9.97%Core capital (leverage) ratio
  • 6.49%Tier 1 risk-based capital ratio
  • 9.21%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $2,992,283Average earning assets
  • $303,042Average equity
  • $2,658,956Average 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
  • $737,708Managed Assets
  • 1Number of Accounts
  • $708,287Personal trust and agency accounts
  • $430,495Employee benefit-defined contribution accounts
  • $37,869Employee benefit-defined benefit accounts
  • $41,492Other retirement accounts
  • $42,375Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $156,056Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1020Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $29,421Other retirement accounts
  • $9,915Corporate trust and agency accounts
  • $2,494Other fiduciary accounts
  • $15,361Fiduciary accounts held in foreign offices

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