City National Bank of New Jersey in Newark, New Jersey (NJ), NY
Overview, Financial Summary, Detailed Financial Reports, Branches


City National Bank of New Jersey - Overview

  • General
  • FDIC Certificate #: 21111
    Status: Active
    Federal Reserve ID: 567905
    Bank Holding Company (Regulatory Top Holder): City National Bancshares Corporation (RSSDID: 1048849, Location: Newark, NJ)
    Date Established: June 11, 1973
    WWW: http://www.citynatbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Domestic: 7, Interstate: Yes)
    OTS Docket #: 13455
    FDIC's unique #: 14592
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 11, 1973
    Last Structure Change Effective Date: November 15, 2010
    Last Structure Change Process Date: October 26, 2011
    Last Data Update: October 26, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 900 Broad Street, Newark, NJ 7102
    County: Essex
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $358.4 mil
    Equity capital: $28.8 mil
    Deposits held in domestic offices: $299.3 mil
    Return on assets (ROA): -0.94% (-$3.4 mil)
    Quarterly return on assets: 0.43% ($1.5 mil)
    Return on Equity (ROE): -11.63% (-$3.4 mil)
    Quarterly return on equity: 5.16% ($1.5 mil)
    Net income: -$3.5 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: -0.90% (-$3,225.9 mil)
    Quarterly Pretax return on assets: 0.47% ($1,684.6 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, 2011)

  • Dollar figures in thousands
  • 87Total employees (full-time equivalent)
  • $358,432Total assets
  • $7,900Cash and due from depository institutions
  • $1,830Interest-bearing balances
  • $78,021Securities
  • $32,600Federal funds sold & reverse repurchase agreements
  • $197,845Net loans & leases
  • $10,870Loan loss allowance
  • $0Trading account assets
  • $2,686Bank premises and fixed assets
  • $1,524Other real estate owned
  • $97Goodwill and other intangibles
  • $358,432Life insurance assets
  • $37,759All other assets
  • $329,598Total liabilities and capital
  • $299,299Total liabilities
  • $261,892Total deposits
  • $299,299Interest-bearing deposits
  • $66Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $765Other borrowed funds
  • $19,534Subordinated debt
  • $28,834All other liabilities
  • $28,834Total equity capital
  • $28,834Total bank equity capital
  • $0Perpetual preferred stock
  • $2,905Common stock
  • $31,529Surplus
  • $-5,600Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $44,228Income earned, not collected on loans
  • $2,080Earning assets
  • $1,561Long-term assets (5+ years)
  • $310,296Average Assets, year-to-date
  • $105,544Average Assets, quarterly
  • $371,786Volatile liabilities
  • $353,781Insider loans
  • $248,415FHLB advances
  • $356,223Loans and leases held for sale
  • $5,920Unused loan commitments
  • $5,920Tier 1 (core) risk-based capital
  • $28,295Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,822Restructured Loans and leases
  • $4,386Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,224Total interest income
  • $4,618Total interest expense
  • $10,606Net interest income
  • $3,014Provision for loan and lease losses
  • $3,131Total noninterest income
  • $0Fiduciary activities
  • $1,158Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,973Additional noninterest income
  • $15,068Total noninterest expense
  • $6,077Salaries and employee benefits
  • $1,720Premises and equipment expense
  • $7,271Additional noninterest expense
  • -$4,345Pre-tax net operating income
  • $989Securities gains (losses)
  • $157Applicable income taxes
  • -$3,513Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,513Net income attributable to bank
  • $0Net charge-offs
  • -$3,513Cash dividends
  • $2,770Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 3.13%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 4.45%Noninterest expense to earning assets
  • -1.21%Net operating income to assets
  • -0.94%Return on assets (ROA)
  • -0.90%Pretax return on assets
  • -11.63%Return on equity (ROE)
  • -11.63%Retained earnings to average equity (YTD only)
  • 1.22%Net charge-offs to loans
  • 108.81%Credit loss provision to net charge-offs
  • -0.48%Efficiency ratio
  • 109,689Assets per employee
  • 4.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.21%Loss allowance to noncurrent loans
  • 24.58%Noncurrent assets plus other real estate owned to assets
  • 13.83%Noncurrent loans to loans
  • 21.19%Net loans and leases to deposits
  • 66.10%Net loans and leases to core deposits
  • 85.50%Equity capital to assets
  • 8.04%Core capital (leverage) ratio
  • 7.94%Tier 1 risk-based capital ratio
  • 11.39%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $371,786Average earning assets
  • $30,196Average equity
  • $338,448Average loans

List of branches

  • 4 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014592City National Bank Of New Jersey900 Broad Street, Newark, NJ 7102June 11, 1973Full Service Brick and Mortar
    3209536Newark South Side Branch1080 Bergen Street, Newark, NJ 7112January 01, 1934Full Service Brick and Mortar
    4252248Paterson Branch125 Broadway, Paterson, NJ 7505April 21, 1998Full Service Brick and Mortar
    7360645Springfield Avenue Branch241 Springfield Avenue, Newark, NJ 7103June 29, 2001Full Service Brick and Mortar
  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    5280287302 Nassau Rd. Branch302 Nassau Rd., Roosevelt, NY 11575January 01, 1948Full Service Brick and Mortar
    646261East New York Branch2815 Atlantic Avenue, New York City, NY 11207March 16, 1990Full Service Brick and Mortar
    9418983West Harlem Branch382 West 125 Street, New York, NY 10027May 02, 2003Full Service Brick and Mortar

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