Citizens Community Bank in Ridgewood, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 2009

  • Citizens Community Bank in Ridgewood, New Jersey (NJ)
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Citizens Community Bank - Overview

  • General
  • FDIC Certificate #: 57563
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: North Jersey Community Bank (#57919)
    Federal Reserve ID: 3302451
    Date Established: October 28, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 365617
    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: October 28, 2004
    Last Structure Change Effective Date: May 01, 2009
    Last Structure Change Process Date: May 04, 2009
    Last Data Update: May 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 171 East Ridgewood Avenue, Ridgewood, NJ 7450
    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
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $40.7 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, 2008)

  • Dollar figures in thousands
  • 158Total employees (full-time equivalent)
  • $44,296Total assets
  • $1,340Cash and due from depository institutions
  • $213Interest-bearing balances
  • $3,359Securities
  • $6,771Federal funds sold & reverse repurchase agreements
  • $30,188Net loans & leases
  • $815Loan loss allowance
  • $0Trading account assets
  • $989Bank premises and fixed assets
  • $950Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $699All other assets
  • $44,296Total liabilities and capital
  • $44,155Total liabilities
  • $43,713Total deposits
  • $42,622Interest-bearing deposits
  • $43,713Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $442All other liabilities
  • $141Total equity capital
  • $141Total bank equity capital
  • $141Perpetual preferred stock
  • $0Common stock
  • $4,378Surplus
  • $4,378Undivided profits
  • Memoranda
  • $-8,615Noncurrent loans and leases
  • $6,668Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,611Earning assets
  • $0Long-term assets (5+ years)
  • $114Average Assets, year-to-date
  • $40,531Average Assets, quarterly
  • $7,474Volatile liabilities
  • $46,657Insider loans
  • $44,532FHLB advances
  • $16,082Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,261Total risk weighted assets
  • $6,668Total unused commitments
  • $0Restructured Loans and leases
  • $118Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $2,090Total interest income
  • $1,694Total interest expense
  • $396Net interest income
  • $467Provision for loan and lease losses
  • $8,610Total noninterest income
  • $0Fiduciary activities
  • $10Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,600Additional noninterest income
  • $11,227Total noninterest expense
  • $5,413Salaries and employee benefits
  • $1,159Premises and equipment expense
  • $4,655Additional noninterest expense
  • -$2,688Pre-tax net operating income
  • $82Securities gains (losses)
  • $0Applicable income taxes
  • -$2,606Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,606Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,723Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 3.91%Cost of funding earning assets
  • 0.91%Net interest margin
  • 19.87%Noninterest income to earning assets
  • 25.91%Noninterest expense to earning assets
  • -5.76%Net operating income to assets
  • -5.59%Return on assets (ROA)
  • -5.59%Pretax return on assets
  • -160.63%Return on equity (ROE)
  • -160.63%Retained earnings to average equity (YTD only)
  • 5.18%Net charge-offs to loans
  • 27.10%Credit loss provision to net charge-offs
  • -1.29%Efficiency ratio
  • 124,661Assets per employee
  • 0.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 14.53%Noncurrent assets plus other real estate owned to assets
  • 14.81%Noncurrent loans to loans
  • 18.10%Net loans and leases to deposits
  • 69.06%Net loans and leases to core deposits
  • 109.25%Equity capital to assets
  • 0.32%Core capital (leverage) ratio
  • 0.27%Tier 1 risk-based capital ratio
  • 0.38%Total risk-based capital ratio
  • Memoranda
  • $1Average assets
  • $46,657Average earning assets
  • $1,622Average equity
  • $43,330Average loans

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