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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