FDIC Certificate #: 32869 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Interchange Bank (#20038) Federal Reserve ID: 1455063 Date Established: March 15, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 11 (Interstate: No) OTS Docket #: 13653 FDIC's unique #: 45781 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: March 15, 1990 Last Structure Change Effective Date: May 01, 2003 Last Structure Change Process Date: May 20, 2003 Last Data Update: May 20, 2003 Data Source Date: April 05, 2012
Location
Address: 457 Sylvan Avenue, Englewood Cliffs, NJ 7632 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)
Financial Summary
Total assets: $301.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
98Total employees (full-time equivalent)
$281,247Total assets
$19,673Cash and due from depository institutions
$2,377Interest-bearing balances
$39,885Securities
$19,500Federal funds sold & reverse repurchase agreements
$188,804Net loans & leases
$1,916Loan loss allowance
$0Trading account assets
$10,326Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,059All other assets
$281,247Total liabilities and capital
$252,215Total liabilities
$251,050Total deposits
$157,016Interest-bearing deposits
$251,050Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,165All other liabilities
$29,032Total equity capital
$29,032Total bank equity capital
$29,032Perpetual preferred stock
$0Common stock
$25,573Surplus
$4,706Undivided profits
Memoranda
$-1,247Noncurrent loans and leases
$28,219Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$530Earning assets
$0Long-term assets (5+ years)
$1,265Average Assets, year-to-date
$250,566Average Assets, quarterly
$93,070Volatile liabilities
$259,932Insider loans
$276,877FHLB advances
$17,620Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$28,219Total unused commitments
$0Restructured Loans and leases
$1,916Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$14,366Total interest income
$1,691Total interest expense
$12,675Net interest income
$570Provision for loan and lease losses
$2,041Total noninterest income
$0Fiduciary activities
$1,411Service charges on deposit accounts
$0Trading account gains & fees
$630Additional noninterest income
$8,825Total noninterest expense
$4,402Salaries and employee benefits
$1,729Premises and equipment expense
$2,694Additional noninterest expense
$5,321Pre-tax net operating income
$103Securities gains (losses)
$2,066Applicable income taxes
$3,358Income before extraordinary items
$0Extraordinary gains - net
$3,358Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$259Sale, conversion, retirement of capital stock, net
$1,386Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.16%Yield on earning assets
0.72%Cost of funding earning assets
5.43%Net interest margin
0.87%Noninterest income to earning assets
3.78%Noninterest expense to earning assets
1.27%Net operating income to assets
1.29%Return on assets (ROA)
2.09%Pretax return on assets
11.97%Return on equity (ROE)
7.03%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
220.08%Credit loss provision to net charge-offs
22.75%Efficiency ratio
59,969Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.27%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
361.51%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.28%Net loans and leases to deposits
75.21%Net loans and leases to core deposits
80.88%Equity capital to assets
10.32%Core capital (leverage) ratio
10.40%Tier 1 risk-based capital ratio
14.46%Total risk-based capital ratio
Memoranda
$15Average assets
$259,932Average earning assets
$28,049Average equity
$233,366Average loans
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