BankAsiana in Palisades Park, New Jersey (NJ), NY
Overview, Financial Summary, Detailed Financial Reports, Branches

  • BankAsiana in Palisades Park, New Jersey (NJ), NY
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BankAsiana - Overview

  • General
  • FDIC Certificate #: 58525
    Status: Active
    Federal Reserve ID: 3631067
    Date Established: October 31, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: Yes)
    FDIC's unique #: 455378
    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: October 31, 2007
    Last Structure Change Effective Date: April 30, 2011
    Last Structure Change Process Date: July 01, 2011
    Last Data Update: July 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 7 Broad Avenue, Palisades Park, NJ 7650
    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
  • Office Purchased
  • Financial Summary
  • Total assets: $189.9 mil
    Equity capital: $26.6 mil
    Deposits held in domestic offices: $148.4 mil
    Return on assets (ROA): 1.64% ($3.1 mil)
    Quarterly return on assets: 0.75% ($1.4 mil)
    Return on Equity (ROE): 11.08% ($3.0 mil)
    Quarterly return on equity: 5.24% ($1.4 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.38% ($2,620.6 mil)
    Quarterly Pretax return on assets: 1.25% ($2,373.7 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
  • 36Total employees (full-time equivalent)
  • $189,895Total assets
  • $19,440Cash and due from depository institutions
  • $10,394Interest-bearing balances
  • $13,732Securities
  • $998Federal funds sold & reverse repurchase agreements
  • $150,094Net loans & leases
  • $2,555Loan loss allowance
  • $0Trading account assets
  • $1,373Bank premises and fixed assets
  • $0Other real estate owned
  • $647Goodwill and other intangibles
  • $189,895Life insurance assets
  • $3,611All other assets
  • $163,258Total liabilities and capital
  • $148,429Total liabilities
  • $119,226Total deposits
  • $148,429Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $4,829Subordinated debt
  • $26,637All other liabilities
  • $26,637Total equity capital
  • $26,637Total bank equity capital
  • $5,250Perpetual preferred stock
  • $11,000Common stock
  • $11,421Surplus
  • $-1,034Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,651Income earned, not collected on loans
  • $0Earning assets
  • $440Long-term assets (5+ years)
  • $175,218Average Assets, year-to-date
  • $26,447Average Assets, quarterly
  • $170,607Volatile liabilities
  • $184,951Insider loans
  • $157,307FHLB advances
  • $179,123Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,530Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,120Restructured Loans and leases
  • $1,847Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,768Total interest income
  • $1,690Total interest expense
  • $7,078Net interest income
  • $2,209Provision for loan and lease losses
  • $2,877Total noninterest income
  • $0Fiduciary activities
  • $309Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,568Additional noninterest income
  • $5,426Total noninterest expense
  • $2,620Salaries and employee benefits
  • $1,042Premises and equipment expense
  • $1,764Additional noninterest expense
  • $2,320Pre-tax net operating income
  • $38Securities gains (losses)
  • -$434Applicable income taxes
  • $2,792Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,792Net income attributable to bank
  • $0Net charge-offs
  • $2,792Cash dividends
  • $1,377Sale, conversion, retirement of capital stock, net
  • $105Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.57%Net interest margin
  • 1.86%Noninterest income to earning assets
  • 3.50%Noninterest expense to earning assets
  • 1.61%Net operating income to assets
  • 1.64%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 11.08%Return on equity (ROE)
  • 10.66%Retained earnings to average equity (YTD only)
  • 1.04%Net charge-offs to loans
  • 160.42%Credit loss provision to net charge-offs
  • 3.29%Efficiency ratio
  • 54,505Assets per employee
  • 5.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 3.76%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 69.98%Noncurrent assets plus other real estate owned to assets
  • 1.92%Noncurrent loans to loans
  • 2.39%Net loans and leases to deposits
  • 101.12%Net loans and leases to core deposits
  • 120.16%Equity capital to assets
  • 14.03%Core capital (leverage) ratio
  • 14.81%Tier 1 risk-based capital ratio
  • 16.87%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $170,607Average earning assets
  • $25,203Average equity
  • $154,822Average loans

List of branches

  • 2 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0455378Bankasiana7 Broad Avenue, Palisades Park, NJ 7650October 31, 2007Full Service Brick and Mortar
    1492952Fort Lee Branch172 Main Street, Fort Lee, NJ 7024September 15, 2008Full Service Brick and Mortar
  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2480036Flushing Branch162-05 Crocheron Ave, Flushing, NY 11358June 25, 2008Full Service Brick and Mortar

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