1st Constitution Bank in Cranbury, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • 1st Constitution Bank in Cranbury, New Jersey (NJ)
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1st Constitution Bank - Overview

  • General
  • FDIC Certificate #: 27552
    Status: Active
    Federal Reserve ID: 1412619
    Bank Holding Company (Regulatory Top Holder): 1st Constitution Bancorp (RSSDID: 2784920, Location: Cranbury, NJ)
    Date Established: July 24, 1989
    WWW: http://www.1stconstitution.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 10064
    FDIC's unique #: 40332
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 24, 1989
    Last Structure Change Effective Date: March 25, 2011
    Last Structure Change Process Date: August 31, 2011
    Last Data Update: August 31, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2650 Route 130, Cranbury, NJ 8512
    County: Middlesex
    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)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $791.7 mil
    Equity capital: $70.2 mil
    Deposits held in domestic offices: $624.5 mil
    Return on assets (ROA): 0.60% ($4.8 mil)
    Quarterly return on assets: 0.61% ($4.8 mil)
    Return on Equity (ROE): 6.48% ($4.5 mil)
    Quarterly return on equity: 6.66% ($4.7 mil)
    Net income: $4.4 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.81% ($6,413.0 mil)
    Quarterly Pretax return on assets: 0.81% ($6,413.0 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, 2011)

  • Dollar figures in thousands
  • 140Total employees (full-time equivalent)
  • $791,727Total assets
  • $15,184Cash and due from depository institutions
  • $12,288Interest-bearing balances
  • $231,761Securities
  • $11Federal funds sold & reverse repurchase agreements
  • $489,132Net loans & leases
  • $5,534Loan loss allowance
  • $0Trading account assets
  • $10,439Bank premises and fixed assets
  • $12,409Other real estate owned
  • $5,565Goodwill and other intangibles
  • $791,726Life insurance assets
  • $27,226All other assets
  • $721,571Total liabilities and capital
  • $624,521Total liabilities
  • $519,051Total deposits
  • $624,521Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 78300.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $8,750Subordinated debt
  • $70,155All other liabilities
  • $70,155Total equity capital
  • $70,155Total bank equity capital
  • $0Perpetual preferred stock
  • $50,930Common stock
  • $0Surplus
  • $19,225Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $268,580Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,992Income earned, not collected on loans
  • $0Earning assets
  • $2,989Long-term assets (5+ years)
  • $733,192Average Assets, year-to-date
  • $263,356Average Assets, quarterly
  • $728,467Volatile liabilities
  • $767,094Insider loans
  • $589,560FHLB advances
  • $749,450Loans and leases held for sale
  • $13,579Unused loan commitments
  • $9,922Tier 1 (core) risk-based capital
  • $63,499Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,657Total unused commitments
  • $146,617Restructured Loans and leases
  • $2,668Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,855Total interest income
  • $6,105Total interest expense
  • $23,750Net interest income
  • $2,558Provision for loan and lease losses
  • $5,526Total noninterest income
  • $0Fiduciary activities
  • $892Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,634Additional noninterest income
  • $20,815Total noninterest expense
  • $12,353Salaries and employee benefits
  • $3,017Premises and equipment expense
  • $5,445Additional noninterest expense
  • $5,903Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,523Applicable income taxes
  • $4,380Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,380Net income attributable to bank
  • $0Net charge-offs
  • $4,380Cash dividends
  • $2,787Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 6.48%Return on equity (ROE)
  • 6.48%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 91.78%Credit loss provision to net charge-offs
  • 3.04%Efficiency ratio
  • 70,382Assets per employee
  • 5.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 184.96%Noncurrent assets plus other real estate owned to assets
  • 1.96%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 78.32%Net loans and leases to core deposits
  • 81.49%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 8.47%Tier 1 risk-based capital ratio
  • 10.77%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $728,467Average earning assets
  • $67,636Average equity
  • $654,278Average loans

List of branches

  • 14 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0403321st Constitution Bank2650 Route 130, Cranbury, NJ 8512July 24, 1989Full Service Brick and Mortar
    1278433Cranbury Village Branch74 North Main Street, Cranbury, NJ 8512January 01, 1927Full Service Brick and Mortar
    3262256Plainsboro Branch11 Schalks Crossing Road, Plainsboro, NJ 8536August 25, 1998Full Service Brick and Mortar
    4262257Hamilton Branch3659 Nottingham Way, Hamilton Square, NJ 8690July 19, 1999Full Service Brick and Mortar
    5363233Princeton Branch2000 Windrow Drive, Princeton, NJ 8540March 18, 2002Full Service Brick and Mortar
    8429651Jamesburg Branch1 North Harrison Street, Jamesburg, NJ 8831June 01, 2004Full Service Brick and Mortar
    9429652West Windsor Branch44 Washington Road, Princeton Junction, NJ 8550June 01, 2004Full Service Brick and Mortar
    10429653Fort Lee Branch180 Main Street, Fort Lee, NJ 7024January 01, 2004Full Service Brick and Mortar
    11431175Perth Amboy Branch145 Fayette Street, Perth Amboy, NJ 8861July 26, 2004Full Service Brick and Mortar
    12467308Hightstown Branch140 Mercer Street, Hightstown, NJ 8520Febuary 27, 2007Full Service Brick and Mortar
    13508883Lawrenceville Branch150 Lawrenceville-Pennington Rd, Lawrenceville, NJ 8648May 17, 2010Full Service Brick and Mortar
    1646174Rocky Hill Branch995 Route 518, Rocky Hill, NJ 8553June 29, 1990Full Service Brick and Mortar
    17254537Hopewell Branch86 E. Broad Street, Hopewell, NJ 8525September 21, 1985Full Service Brick and Mortar
    18254538Hillsborough Branch32 New Amwell Road, Hillsborough, NJ 8844May 10, 1986Full Service Brick and Mortar

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