American Union Bank in Union, New Jersey (NJ)

Show street view No street view available for this location
Table of contents:
American Union Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)0
Total assets$23
Cash and due from depository institutions$57,389
Interest-bearing balances$2,481
Federal funds sold & reverse repurchase agreements$19,950
Net loans & leases$1,910
Loan loss allowance $31,876
Trading account assets$367
Bank premises and fixed assets$0
Other real estate owned$286
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$886
Total liabilities and capital$0
Total liabilities$57,389
Total deposits$53,221
Interest-bearing deposits$52,565
Deposits held in domestic offices$42,578
% insured (estimated)52565.00%
Federal funds purchased & repurchase agreements $86
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$656
Total bank equity capital$656
Perpetual preferred stock$4,168
Common stock$0
Undivided profits $2,318
Noncurrent loans and leases $-900
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $440
Earning assets $235
Long-term assets (5+ years) $53,736
Average Assets, year-to-date $8,265
Average Assets, quarterly $53,341
Volatile liabilities $56,223
Insider loans $3,326
FHLB advances $717
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $8,552
Tier 2 risk-based capital $0
Total risk weighted assets $4,425
Total unused commitments $36,497
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $3,572
Net interest income $1,253
Provision for loan and lease losses $2,319
Total noninterest income $97
Fiduciary activities $279
Service charges on deposit accounts $0
Trading account gains & fees $243
Additional noninterest income $0
Total noninterest expense $36
Salaries and employee benefits $2,328
Premises and equipment expense $894
Additional noninterest expense $313
Pre-tax net operating income $1,121
Securities gains (losses) $173
Applicable income taxes -$173
Income before extraordinary items -$140
Extraordinary gains - net $140
Net income attributable to bank $0
Net charge-offs $140
Cash dividends $22
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.12%
Net interest margin 2.50%
Noninterest income to earning assets 4.62%
Noninterest expense to earning assets 0.56%
Net operating income to assets 4.64%
Return on assets (ROA) 0.59%
Pretax return on assets 0.26%
Return on equity (ROE) 0.00%
Retained earnings to average equity (YTD only) 3.32%
Net charge-offs to loans 3.32%
Credit loss provision to net charge-offs 0.08%
Efficiency ratio440.91%
Assets per employee$89,607
Cash dividends to net income (YTD only)2.50%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 83.41%
Noncurrent loans to loans 0.77%
Net loans and leases to deposits1.36%
Net loans and leases to core deposits 60.64%
Equity capital to assets 64.74%
Core capital (leverage) ratio 7.26%
Tier 1 risk-based capital ratio 7.73%
Total risk-based capital ratio 12.12%
Average assets$13
Average earning assets$53,341
Average equity $4,223
Average loans $50,163
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with American Union Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.