Bank of New Jersey in Fort Lee, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank of New Jersey in Fort Lee, New Jersey (NJ)
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Bank of New Jersey - Overview

  • General
  • FDIC Certificate #: 58175
    Status: Active
    Federal Reserve ID: 3443345
    Bank Holding Company (Regulatory Top Holder): Bancorp Of New Jersey, Inc. (RSSDID: 3554250, Location: Fort Lee, NJ)
    Date Established: May 10, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 6, Interstate: No)
    FDIC's unique #: 441336
    Numeric code: 21
    Regulator: FDIC
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 10, 2006
    Last Structure Change Effective Date: July 31, 2008
    Last Structure Change Process Date: July 31, 2008
    Last Data Update: July 31, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1365 Palisades Avenue, Fort Lee, NJ 7024
    County: Bergen
    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): Bergen-Passaic, NJ (#875)
    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: New York-White Plains-Wayne, NY-NJ (#35644)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $469.8 mil
    Equity capital: $51.9 mil
    Deposits held in domestic offices: $416.2 mil
    Return on assets (ROA): 0.80% ($3.8 mil)
    Quarterly return on assets: 0.86% ($4.0 mil)
    Return on Equity (ROE): 6.49% ($3.4 mil)
    Quarterly return on equity: 7.55% ($3.9 mil)
    Net income: $3.3 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.34% ($6,295.9 mil)
    Quarterly Pretax return on assets: 1.43% ($6,718.7 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
  • 51Total employees (full-time equivalent)
  • $469,842Total assets
  • $31,039Cash and due from depository institutions
  • $30,397Interest-bearing balances
  • $61,432Securities
  • $1,433Federal funds sold & reverse repurchase agreements
  • $360,619Net loans & leases
  • $4,474Loan loss allowance
  • $0Trading account assets
  • $10,203Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $469,842Life insurance assets
  • $5,116All other assets
  • $417,936Total liabilities and capital
  • $416,163Total liabilities
  • $364,034Total deposits
  • $416,163Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,773Subordinated debt
  • $51,906All other liabilities
  • $51,906Total equity capital
  • $51,906Total bank equity capital
  • $0Perpetual preferred stock
  • $28,307Common stock
  • $21,239Surplus
  • $2,360Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,196Income earned, not collected on loans
  • $0Earning assets
  • $1,515Long-term assets (5+ years)
  • $453,881Average Assets, year-to-date
  • $127,591Average Assets, quarterly
  • $414,047Volatile liabilities
  • $453,109Insider loans
  • $368,192FHLB advances
  • $453,823Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $51,592Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $95,608Restructured Loans and leases
  • $43,612Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,860Total interest income
  • $4,746Total interest expense
  • $15,114Net interest income
  • $1,183Provision for loan and lease losses
  • $207Total noninterest income
  • $0Fiduciary activities
  • $193Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14Additional noninterest income
  • $8,592Total noninterest expense
  • $4,178Salaries and employee benefits
  • $1,577Premises and equipment expense
  • $2,837Additional noninterest expense
  • $5,546Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,224Applicable income taxes
  • $3,322Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,322Net income attributable to bank
  • $0Net charge-offs
  • $3,322Cash dividends
  • $458Sale, conversion, retirement of capital stock, net
  • $2,083Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 2.16%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 6.49%Return on equity (ROE)
  • 2.42%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 258.30%Credit loss provision to net charge-offs
  • 14.69%Efficiency ratio
  • 56,080Assets per employee
  • 9.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.70%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 72.21%Noncurrent assets plus other real estate owned to assets
  • 1.32%Noncurrent loans to loans
  • 1.70%Net loans and leases to deposits
  • 86.65%Net loans and leases to core deposits
  • 131.06%Equity capital to assets
  • 11.05%Core capital (leverage) ratio
  • 11.37%Tier 1 risk-based capital ratio
  • 14.01%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $414,047Average earning assets
  • $51,154Average equity
  • $397,309Average loans

List of branches

  • 7 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441336Bank Of New Jersey1365 Palisades Avenue, Fort Lee, NJ 7024May 10, 2006Full Service Brick and Mortar
    1463549Main Street Branch204 Main St, Fort Lee, NJ 7024June 04, 2007Full Service Brick and Mortar
    2465262Hackensack Branch401 Hackensack Avenue, Hackensack, NJ 7601June 25, 2007Full Service Brick and Mortar
    3467961West Street Office458 West Street, Fort Lee, NJ 7024September 10, 2007Full Service Brick and Mortar
    4481425Haworth Branch320 Haworth Avenue, Haworth, NJ 7641September 09, 2008Full Service Brick and Mortar
    5493846Harrington Park Branch4 Park Street, Harrington Park, NJ 7640April 08, 2009Full Service Brick and Mortar
    6529957Cliffside Park Branch354 Palisade Avenue, Cliffside Park, NJ 7010March 21, 2012Full Service Brick and Mortar

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