Central Jersey Bank, National Association in Oakhurst, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 30, 2010

  • Central Jersey Bank, National Association in Oakhurst, New Jersey (NJ)
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Central Jersey Bank, National Association - Overview

  • General
  • FDIC Certificate #: 34612
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Kearny Federal Savings Bank (#28765)
    Federal Reserve ID: 2718297
    Date Established: July 28, 1998
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 14 (Interstate: No)
    FDIC's unique #: 60835
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 28, 1998
    Last Structure Change Effective Date: November 30, 2010
    Last Structure Change Process Date: December 22, 2010
    Last Data Update: December 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1903 Highway 35, Oakhurst, NJ 7755
    County: Monmouth
    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): Monmouth-Ocean, NJ (#5190)
    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: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $590.5 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, 2009)

  • Dollar figures in thousands
  • 133Total employees (full-time equivalent)
  • $578,563Total assets
  • $9,789Cash and due from depository institutions
  • $0Interest-bearing balances
  • $104,164Securities
  • $68,526Federal funds sold & reverse repurchase agreements
  • $369,474Net loans & leases
  • $9,613Loan loss allowance
  • $0Trading account assets
  • $5,946Bank premises and fixed assets
  • $1,055Other real estate owned
  • $1,320Goodwill and other intangibles
  • $3,817Life insurance assets
  • $18,289All other assets
  • $578,563Total liabilities and capital
  • $516,946Total liabilities
  • $467,878Total deposits
  • $387,378Interest-bearing deposits
  • $467,878Deposits held in domestic offices
  • 71.78%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $47,575Other borrowed funds
  • $0Subordinated debt
  • $1,493All other liabilities
  • $61,617Total equity capital
  • $61,617Total bank equity capital
  • $61,617Perpetual preferred stock
  • $11,477Common stock
  • $14,625Surplus
  • $54,869Undivided profits
  • Memoranda
  • $-19,354Noncurrent loans and leases
  • $67,121Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,643Earning assets
  • $0Long-term assets (5+ years)
  • $2,285Average Assets, year-to-date
  • $542,164Average Assets, quarterly
  • $157,241Volatile liabilities
  • $587,689Insider loans
  • $578,472FHLB advances
  • $88,560Loans and leases held for sale
  • $2,849Unused loan commitments
  • $47,575Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $67,121Total unused commitments
  • $0Restructured Loans and leases
  • $17,147Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $26,379Total interest income
  • $7,986Total interest expense
  • $18,393Net interest income
  • $6,215Provision for loan and lease losses
  • $2,172Total noninterest income
  • $0Fiduciary activities
  • $1,079Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,093Additional noninterest income
  • $43,699Total noninterest expense
  • $7,562Salaries and employee benefits
  • $2,125Premises and equipment expense
  • $34,012Additional noninterest expense
  • -$29,349Pre-tax net operating income
  • $2,885Securities gains (losses)
  • -$838Applicable income taxes
  • -$25,626Income before extraordinary items
  • $0Extraordinary gains - net
  • -$25,626Net income attributable to bank
  • $0Net charge-offs
  • -$25,626Cash dividends
  • $1,342Sale, conversion, retirement of capital stock, net
  • $565Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.48%Cost of funding earning assets
  • 3.40%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 8.08%Noninterest expense to earning assets
  • -4.84%Net operating income to assets
  • -4.36%Return on assets (ROA)
  • -4.50%Pretax return on assets
  • -35.40%Return on equity (ROE)
  • -36.18%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 463.11%Credit loss provision to net charge-offs
  • -17.24%Efficiency ratio
  • 79,402Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -2.20%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 111.22%Noncurrent assets plus other real estate owned to assets
  • 1.68%Noncurrent loans to loans
  • 2.28%Net loans and leases to deposits
  • 78.97%Net loans and leases to core deposits
  • 97.40%Equity capital to assets
  • 10.65%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 10.19%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $587,689Average earning assets
  • $72,390Average equity
  • $541,028Average loans

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