Advantage Bank in Branchburg Township, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 19, 2006

  • Advantage Bank in Branchburg Township, New Jersey (NJ)
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Advantage Bank - Overview

  • General
  • FDIC Certificate #: 34939
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sun National Bank (#26240)
    Federal Reserve ID: 2761275
    Date Established: January 07, 1999
    WWW: http://www.advantagebanknj.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 62058
    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 07, 1999
    Last Structure Change Effective Date: January 19, 2006
    Last Structure Change Process Date: March 30, 2006
    Last Data Update: March 30, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3421 Route 22 East, Branchburg Township, NJ 8876
    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: $168.1 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, 2005)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $168,082Total assets
  • $10,879Cash and due from depository institutions
  • $4,786Interest-bearing balances
  • $28,890Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $124,534Net loans & leases
  • $1,266Loan loss allowance
  • $0Trading account assets
  • $1,671Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,108All other assets
  • $168,082Total liabilities and capital
  • $153,678Total liabilities
  • $152,104Total deposits
  • $121,691Interest-bearing deposits
  • $152,104Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,205Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $369All other liabilities
  • $14,404Total equity capital
  • $14,404Total bank equity capital
  • $14,404Perpetual preferred stock
  • $0Common stock
  • $9,196Surplus
  • $4,496Undivided profits
  • Memoranda
  • $712Noncurrent loans and leases
  • $32,224Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,308Earning assets
  • $0Long-term assets (5+ years)
  • $805Average Assets, year-to-date
  • $158,210Average Assets, quarterly
  • $23,793Volatile liabilities
  • $161,164Insider loans
  • $169,012FHLB advances
  • $32,006Loans and leases held for sale
  • $4,238Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $32,224Total unused commitments
  • $381Restructured Loans and leases
  • $1,266Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $8,864Total interest income
  • $2,984Total interest expense
  • $5,880Net interest income
  • $252Provision for loan and lease losses
  • $340Total noninterest income
  • $0Fiduciary activities
  • $184Service charges on deposit accounts
  • $0Trading account gains & fees
  • $156Additional noninterest income
  • $4,674Total noninterest expense
  • $2,454Salaries and employee benefits
  • $738Premises and equipment expense
  • $1,482Additional noninterest expense
  • $1,294Pre-tax net operating income
  • $0Securities gains (losses)
  • $529Applicable income taxes
  • $765Income before extraordinary items
  • $0Extraordinary gains - net
  • $765Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $84Sale, conversion, retirement of capital stock, net
  • $128Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.79%Yield on earning assets
  • 1.95%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 5.50%Return on equity (ROE)
  • 4.58%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 300.00%Credit loss provision to net charge-offs
  • 18.40%Efficiency ratio
  • 75,145Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.73%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 54.85%Noncurrent assets plus other real estate owned to assets
  • 1.37%Noncurrent loans to loans
  • 1.83%Net loans and leases to deposits
  • 81.87%Net loans and leases to core deposits
  • 102.66%Equity capital to assets
  • 8.57%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 11.20%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $161,164Average earning assets
  • $13,913Average equity
  • $153,050Average loans

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