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

This bank is inactive as of Febuary 28, 1995

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

  • General
  • FDIC Certificate #: 32966
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 1457263
    Date Established: June 04, 1990
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 46144
    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: June 04, 1990
    Last Structure Change Effective Date: Febuary 28, 1995
    Last Structure Change Process Date: March 14, 1995
    Last Data Update: March 14, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 2784 Morris Avenue, Union, NJ 7083
    County: Union
    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: $57.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $23Total assets
  • $57,389Cash and due from depository institutions
  • $2,481Interest-bearing balances
  • $0Securities
  • $19,950Federal funds sold & reverse repurchase agreements
  • $1,910Net loans & leases
  • $31,876Loan loss allowance
  • $367Trading account assets
  • $0Bank premises and fixed assets
  • $286Other real estate owned
  • $0Goodwill and other intangibles
  • $886Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $57,389Total liabilities
  • $53,221Total deposits
  • $52,565Interest-bearing deposits
  • $42,578Deposits held in domestic offices
  • 52565.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $656Total equity capital
  • $656Total bank equity capital
  • $4,168Perpetual preferred stock
  • $0Common stock
  • $2,750Surplus
  • $2,318Undivided profits
  • Memoranda
  • $-900Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $440Income earned, not collected on loans
  • $235Earning assets
  • $53,736Long-term assets (5+ years)
  • $8,265Average Assets, year-to-date
  • $53,341Average Assets, quarterly
  • $56,223Volatile liabilities
  • $3,326Insider loans
  • $717FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,552Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,425Total risk weighted assets
  • $36,497Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,572Total interest expense
  • $1,253Net interest income
  • $2,319Provision for loan and lease losses
  • $97Total noninterest income
  • $279Fiduciary activities
  • $0Service charges on deposit accounts
  • $243Trading account gains & fees
  • $0Additional noninterest income
  • $36Total noninterest expense
  • $2,328Salaries and employee benefits
  • $894Premises and equipment expense
  • $313Additional noninterest expense
  • $1,121Pre-tax net operating income
  • $173Securities gains (losses)
  • -$173Applicable income taxes
  • -$140Income before extraordinary items
  • $140Extraordinary gains - net
  • $0Net income attributable to bank
  • $140Net charge-offs
  • $22Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.12%Cost of funding earning assets
  • 2.50%Net interest margin
  • 4.62%Noninterest income to earning assets
  • 0.56%Noninterest expense to earning assets
  • 4.64%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.26%Pretax return on assets
  • 0.00%Return on equity (ROE)
  • 3.32%Retained earnings to average equity (YTD only)
  • 3.32%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 440.91%Efficiency ratio
  • 89,607Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 83.41%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 1.36%Net loans and leases to deposits
  • 60.64%Net loans and leases to core deposits
  • 64.74%Equity capital to assets
  • 7.26%Core capital (leverage) ratio
  • 7.73%Tier 1 risk-based capital ratio
  • 12.12%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $53,341Average earning assets
  • $4,223Average equity
  • $50,163Average loans

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