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

  • BankAsiana in Palisades Park, New Jersey (NJ), NY
  • Show street view No street view available for this location

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

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 BankAsiana.
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.
Table of Contents