Amboy Bank in Old Bridge, New Jersey (NJ)



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Amboy Bank
GeneralFDIC Certificate #: 6423
Status: Active
Federal Reserve ID: 9807
Bank Holding Company (Regulatory Top Holder): Amboy Bancorporation (RSSDID: 2611718, Location: Old Bridge, NJ)
Date Established: May 12, 1888
WWW: http://www.amboybank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 23 (Domestic: 23, Interstate: No)
OTS Docket #: 9315
FDIC's unique #: 4305
Numeric code: 13
Regulator: FED
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 02, 2010
Last Structure Change Process Date: June 02, 2010
Last Data Update: June 02, 2010
Data Source Date: April 05, 2012
LocationAddress: 3590 Ushwy 9 South, Old Bridge, NJ 8857
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 ChangesChange in Location
Financial SummaryTotal assets: $2,329.0 mil
Equity capital: $220.5 mil
Deposits held in domestic offices: $1,766.2 mil
Return on assets (ROA): 0.04% ($0.9 mil)
Quarterly return on assets: -0.58% (-$13.5 mil)
Return on Equity (ROE): 0.46% ($1.0 mil)
Quarterly return on equity: -6.05% (-$13.4 mil)
Net income: $1.0 mil
Quarterly Net income: -$3.3 mil
Pretax return on assets: 0.04% ($931.6 mil)
Quarterly Pretax return on assets: -0.58% (-$13,508.3 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)
Total employees (full-time equivalent)244
Total assets$2,329,019
Cash and due from depository institutions$170,559
Interest-bearing balances$152,726
Securities$493,723
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,387,876
Loan loss allowance $54,515
Trading account assets$0
Bank premises and fixed assets$8,760
Other real estate owned$146,271
Goodwill and other intangibles$0
All other assets$121,830
Life insurance assets$2,329,019
Total liabilities and capital$2,108,506
Total liabilities$1,766,226
Total deposits$1,720,295
Interest-bearing deposits$1,766,226
Deposits held in domestic offices$84
% insured (estimated)43188.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$285,999
Other borrowed funds $0
Subordinated debt $13,093
All other liabilities $220,513
Total equity capital$220,513
Total bank equity capital$220,513
Perpetual preferred stock$0
Common stock$20,000
Surplus$112,272
Undivided profits $88,241
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $114,786
Earning assets $0
Long-term assets (5+ years) $9,429
Average Assets, year-to-date $2,034,325
Average Assets, quarterly $509,021
Volatile liabilities $2,336,412
Insider loans $2,320,049
FHLB advances $2,197,729
Loans and leases held for sale $2,307,190
Unused loan commitments $83,027
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $280,527
Total risk weighted assets $83,027
Total unused commitments $0
Restructured Loans and leases $350,643
Derivatives$7,648
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $92,423
Total interest expense $24,147
Net interest income $68,276
Provision for loan and lease losses $20,000
Total noninterest income $17,668
Fiduciary activities $305
Service charges on deposit accounts $1,559
Trading account gains & fees $0
Additional noninterest income $15,804
Total noninterest expense $61,744
Salaries and employee benefits $16,737
Premises and equipment expense $4,324
Additional noninterest expense $40,683
Pre-tax net operating income $4,200
Securities gains (losses) -$3,179
Applicable income taxes $0
Income before extraordinary items $1,021
Extraordinary gains - net $0
Net income attributable to bank $1,021
Net charge-offs $0
Cash dividends $1,021
Sale, conversion, retirement of capital stock, net $19,417
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.50%
Cost of funding earning assets 1.17%
Net interest margin 3.32%
Noninterest income to earning assets 0.86%
Noninterest expense to earning assets 3.00%
Net operating income to assets 0.18%
Return on assets (ROA) 0.04%
Pretax return on assets 0.04%
Return on equity (ROE) 0.46%
Retained earnings to average equity (YTD only) 0.46%
Net charge-offs to loans 1.28%
Credit loss provision to net charge-offs 103.00%
Efficiency ratio1.25%
Assets per employee$71,842
Cash dividends to net income (YTD only)9.55%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.78%
Noncurrent assets plus other real estate owned to assets 47.49%
Noncurrent loans to loans 11.21%
Net loans and leases to deposits7.96%
Net loans and leases to core deposits 78.58%
Equity capital to assets 96.03%
Core capital (leverage) ratio 9.47%
Tier 1 risk-based capital ratio 12.16%
Total risk-based capital ratio 12.76%
Memoranda
Average assets$14
Average earning assets$2,336,412
Average equity $224,003
Average loans $2,055,173
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$313,411
Number of Accounts1
Personal trust and agency accounts$51
Employee benefit-defined contribution accounts$51
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts332
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$313,360
Corporate trust and agency accounts$11,682
Other fiduciary accounts$16,733
Fiduciary accounts held in foreign offices$12,805
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23 New Jersey Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04305Amboy Bank3590 Ushwy 9 South, Old Bridge, NJ 8857May 12, 1888Full Service Brick and Mortar
1210071Laurence Harbor BranchLaurence Parkway & Shoreland Circle, Laurence Harbor, NJ 8879July 12, 1965Full Service Brick and Mortar
2210072Browntown BranchGaub Road And Highway 516, Old Bridge Township, NJ 8857April 30, 1962Full Service Brick and Mortar
3210073South Amboy Branch100 North Broadway, South Amboy, NJ 8879January 21, 1957Full Service Brick and Mortar
5210075Ernston BranchHighway 9, Old Bridge Township, NJ 8859September 08, 1969Full Service Brick and Mortar
6210076Sayreville Branch412 Washington Road, Sayreville, NJ 8872September 19, 1975Full Service Brick and Mortar
7210077Sayre Woods Shopping Center BranchSayre Woods Shopping Center, Old Bridge, NJ 8857September 01, 1982Full Service Brick and Mortar
8210078Ticetown BranchHighway 9 Northbound & Ticetown Road, Old Bridge, NJ 8857Febuary 14, 1983Full Service Brick and Mortar
9210079Woodbridge Branch90 Woodbridge Center Drive, Woodbridge, NJ 7095August 16, 1989Full Service Brick and Mortar
13210080Ramtown Branch129 Newton's Corner Road, Howell, NJ 7731March 31, 1997Full Service Brick and Mortar
14210081Red Bank Branch36 Monmouth Street, Red Bank, NJ 7701April 13, 1998Full Service Brick and Mortar
15359316Manalapan BranchRoute 9 And Symmes Drive, Manalapan, NJ 7726November 29, 2000Full Service Brick and Mortar
16361910Ocean Branch1910 Highwy 35 South, Oakhurst, NJ 7755September 20, 2001Full Service Brick and Mortar
17362235Monroe Branch350 Forsgate Drive, Monroe Township, NJ 8831October 20, 2001Full Service Brick and Mortar
18418951Millstone BranchRoute 33 & Dugan's Grove Road, Millstone, NJ 7726May 13, 2003Full Service Brick and Mortar
19419220The Port Monmouth Branch420 Highway 36, Port Monmouth, Port Monmouth, NJ 7758May 13, 2003Full Service Brick and Mortar
20289736State Highway Branch1147 State Highway 34, Matawan, NJ 7747January 24, 2000Full Service Brick and Mortar
21442000Freehold Branch68 East Main Street, Freehold, NJ 7728Febuary 09, 2005Full Service Brick and Mortar
22447185New Brunswick Branch350 George Street, New Brunswick, NJ 8901November 21, 2005Full Service Brick and Mortar
23419646Millhurst Branch120 Route 33 West, Manalapan, NJ 7726October 21, 2002Full Service Brick and Mortar
24473403Manalapan - Gordon's Corner285 Gordon's Corner Road, Manalapan, NJ 7726September 09, 2006Full Service Brick and Mortar
25476008Texas Road Branch1861 Englishtown Road, Old Bridge, NJ 8857November 16, 2007Full Service Brick and Mortar
26493344Monmouth Junction Branch460 Georges Road, Dayton, NJ 8810December 22, 2008Full Service Brick and Mortar
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