Allegiance Community Bank in South Orange, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 14, 2011

Allegiance Community Bank - Overview

  • General
  • FDIC Certificate #: 35265
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BCB Community Bank (#35541)
    Federal Reserve ID: 2911865
    Date Established: May 15, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 77229
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 15, 2000
    Last Structure Change Effective Date: October 14, 2011
    Last Structure Change Process Date: November 21, 2011
    Last Data Update: November 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Valley Street, South Orange, NJ 7079
    County: Essex
    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: $130.6 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, 2010)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $121,348Total assets
  • $4,985Cash and due from depository institutions
  • $5Interest-bearing balances
  • $29,439Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $82,896Net loans & leases
  • $1,254Loan loss allowance
  • $0Trading account assets
  • $1,441Bank premises and fixed assets
  • $61Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,526All other assets
  • $121,348Total liabilities and capital
  • $114,330Total liabilities
  • $100,135Total deposits
  • $95,446Interest-bearing deposits
  • $100,135Deposits held in domestic offices
  • 76.84%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,000Other borrowed funds
  • $0Subordinated debt
  • $195All other liabilities
  • $7,018Total equity capital
  • $7,018Total bank equity capital
  • $7,018Perpetual preferred stock
  • $0Common stock
  • $6,138Surplus
  • $3,062Undivided profits
  • Memoranda
  • $-2,182Noncurrent loans and leases
  • $6,826Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,179Earning assets
  • $0Long-term assets (5+ years)
  • $467Average Assets, year-to-date
  • $112,340Average Assets, quarterly
  • $72,185Volatile liabilities
  • $117,559Insider loans
  • $120,251FHLB advances
  • $15,592Loans and leases held for sale
  • $5,507Unused loan commitments
  • $14,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,826Total unused commitments
  • $1,567Restructured Loans and leases
  • $904Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $5,605Total interest income
  • $2,085Total interest expense
  • $3,520Net interest income
  • $370Provision for loan and lease losses
  • $139Total noninterest income
  • $0Fiduciary activities
  • $76Service charges on deposit accounts
  • $0Trading account gains & fees
  • $63Additional noninterest income
  • $3,189Total noninterest expense
  • $1,368Salaries and employee benefits
  • $523Premises and equipment expense
  • $1,298Additional noninterest expense
  • $100Pre-tax net operating income
  • $280Securities gains (losses)
  • $0Applicable income taxes
  • $380Income before extraordinary items
  • $0Extraordinary gains - net
  • $380Net income attributable to bank
  • $0Net charge-offs
  • $380Cash dividends
  • $23Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.18%Yield on earning assets
  • 1.93%Cost of funding earning assets
  • 3.25%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.32%Pretax return on assets
  • 5.46%Return on equity (ROE)
  • 5.46%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 1608.70%Credit loss provision to net charge-offs
  • 20.43%Efficiency ratio
  • 87,155Assets per employee
  • 6.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 30.01%Noncurrent assets plus other real estate owned to assets
  • 3.49%Noncurrent loans to loans
  • 4.97%Net loans and leases to deposits
  • 82.78%Net loans and leases to core deposits
  • 98.05%Equity capital to assets
  • 5.78%Core capital (leverage) ratio
  • 5.55%Tier 1 risk-based capital ratio
  • 9.30%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $117,559Average earning assets
  • $6,963Average equity
  • $108,215Average loans

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