American Bank of New Jersey in Bloomfield, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 2009

  • American Bank of New Jersey in Bloomfield, New Jersey (NJ)
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American Bank of New Jersey - Overview

  • General
  • FDIC Certificate #: 30617
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Investors Bank (#28892)
    Federal Reserve ID: 196275
    Date Established: January 01, 1919
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5639
    FDIC's unique #: 43451
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 28, 1953
    Last Structure Change Effective Date: May 31, 2009
    Last Structure Change Process Date: June 24, 2009
    Last Data Update: June 24, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 365 Broad Street, Bloomfield, NJ 7003
    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: $666.4 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, 2008)

  • Dollar figures in thousands
  • 73Total employees (full-time equivalent)
  • $628,614Total assets
  • $17,726Cash and due from depository institutions
  • $13,830Interest-bearing balances
  • $86,494Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $491,463Net loans & leases
  • $3,096Loan loss allowance
  • $0Trading account assets
  • $11,762Bank premises and fixed assets
  • $0Other real estate owned
  • $58Goodwill and other intangibles
  • $13,910Life insurance assets
  • $21,111All other assets
  • $628,614Total liabilities and capital
  • $552,720Total liabilities
  • $469,393Total deposits
  • $440,265Interest-bearing deposits
  • $469,393Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $35,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $42,752Other borrowed funds
  • $0Subordinated debt
  • $5,575All other liabilities
  • $75,894Total equity capital
  • $75,894Total bank equity capital
  • $75,894Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $67,705Undivided profits
  • Memoranda
  • $8,179Noncurrent loans and leases
  • $58,861Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,900Earning assets
  • $0Long-term assets (5+ years)
  • $2,385Average Assets, year-to-date
  • $591,787Average Assets, quarterly
  • $0Volatile liabilities
  • $614,789Insider loans
  • $625,015FHLB advances
  • $192,129Loans and leases held for sale
  • $535Unused loan commitments
  • $34,530Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $58,861Total unused commitments
  • $0Restructured Loans and leases
  • $3,096Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $31,811Total interest income
  • $17,451Total interest expense
  • $14,360Net interest income
  • $515Provision for loan and lease losses
  • $1,664Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,664Additional noninterest income
  • $13,145Total noninterest expense
  • $8,501Salaries and employee benefits
  • $2,752Premises and equipment expense
  • $1,892Additional noninterest expense
  • $2,364Pre-tax net operating income
  • $2Securities gains (losses)
  • $784Applicable income taxes
  • $1,582Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,582Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $126Sale, conversion, retirement of capital stock, net
  • $6,500Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 3.04%Cost of funding earning assets
  • 2.50%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.29%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • -6.39%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 408.73%Credit loss provision to net charge-offs
  • 22.85%Efficiency ratio
  • 82,033Assets per employee
  • 8.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 410.87%Loss allowance to loans
  • 0.63%Loss allowance to noncurrent loans
  • 162.95%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 104.70%Net loans and leases to core deposits
  • 138.43%Equity capital to assets
  • 12.07%Core capital (leverage) ratio
  • 11.98%Tier 1 risk-based capital ratio
  • 18.41%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $614,789Average earning assets
  • $77,007Average equity
  • $573,672Average loans

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