Boardwalk Bank in Linwood, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 2008

  • Boardwalk Bank in Linwood, New Jersey (NJ)
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Boardwalk Bank - Overview

  • General
  • FDIC Certificate #: 35143
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Cape Bank (#28395)
    Federal Reserve ID: 2835626
    Date Established: July 28, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 75135
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 28, 1999
    Last Structure Change Effective Date: Febuary 01, 2008
    Last Structure Change Process Date: March 25, 2008
    Last Data Update: March 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 Shore Road, Linwood, NJ 8221
    County: Atlantic
    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): Atlantic-Cape May, NJ (#560)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Core Based Statistical Area (CBSA): Atlantic City-Hammonton, NJ (#12100)
    CBSA Metro Statistical Area: Atlantic City-Hammonton, NJ (#12100)
  • Financial Summary
  • Total assets: $450.2 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, 2007)

  • Dollar figures in thousands
  • 89Total employees (full-time equivalent)
  • $450,157Total assets
  • $8,592Cash and due from depository institutions
  • $3,818Interest-bearing balances
  • $95,997Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $312,407Net loans & leases
  • $3,791Loan loss allowance
  • $0Trading account assets
  • $15,577Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $9,986Life insurance assets
  • $17,584All other assets
  • $450,157Total liabilities and capital
  • $410,821Total liabilities
  • $314,732Total deposits
  • $279,209Interest-bearing deposits
  • $314,732Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $95,165Other borrowed funds
  • $0Subordinated debt
  • $924All other liabilities
  • $39,336Total equity capital
  • $39,336Total bank equity capital
  • $39,336Perpetual preferred stock
  • $0Common stock
  • $15,999Surplus
  • $18,403Undivided profits
  • Memoranda
  • $4,934Noncurrent loans and leases
  • $81,284Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,358Earning assets
  • $0Long-term assets (5+ years)
  • $2,252Average Assets, year-to-date
  • $412,222Average Assets, quarterly
  • $80,919Volatile liabilities
  • $451,343Insider loans
  • $447,533FHLB advances
  • $141,288Loans and leases held for sale
  • $16,246Unused loan commitments
  • $85,165Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $81,284Total unused commitments
  • $0Restructured Loans and leases
  • $3,791Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $29,001Total interest income
  • $15,899Total interest expense
  • $13,102Net interest income
  • $521Provision for loan and lease losses
  • $1,247Total noninterest income
  • $0Fiduciary activities
  • $458Service charges on deposit accounts
  • $0Trading account gains & fees
  • $789Additional noninterest income
  • $10,011Total noninterest expense
  • $5,750Salaries and employee benefits
  • $1,679Premises and equipment expense
  • $2,582Additional noninterest expense
  • $3,817Pre-tax net operating income
  • -$1,667Securities gains (losses)
  • -$11Applicable income taxes
  • $2,161Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,161Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.02%Yield on earning assets
  • 3.85%Cost of funding earning assets
  • 3.17%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 5.50%Return on equity (ROE)
  • 5.50%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 17366.67%Credit loss provision to net charge-offs
  • 1446.00%Efficiency ratio
  • 69,768Assets per employee
  • 5.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 59.63%Noncurrent assets plus other real estate owned to assets
  • 1.41%Noncurrent loans to loans
  • 2.01%Net loans and leases to deposits
  • 99.26%Net loans and leases to core deposits
  • 148.34%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 10.51%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $451,343Average earning assets
  • $39,271Average equity
  • $412,915Average loans

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