Community Bank of Bergen County, N. J. in Maywood, New Jersey (NJ)



Show street view No street view available for this location

Community Bank of Bergen County, N. J. routing number info

Table of contents:
Community Bank of Bergen County, N. J.
GeneralFDIC Certificate #: 571
Status: Active
Federal Reserve ID: 275509
Date Established: December 08, 1928
WWW: http://www.cbbcnj.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 392
Numeric code: 13
Regulator: FED
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 125 West Pleasant Avenue, Maywood, NJ 7607
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $310.2 mil
Equity capital: $26.4 mil
Deposits held in domestic offices: $281.7 mil
Return on assets (ROA): 0.45% ($1.4 mil)
Quarterly return on assets: 0.61% ($1.9 mil)
Return on Equity (ROE): 5.44% ($1.4 mil)
Quarterly return on equity: 7.23% ($1.9 mil)
Net income: $1.4 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.32% ($992.8 mil)
Quarterly Pretax return on assets: -0.13% (-$403.3 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)
Total employees (full-time equivalent)81
Total assets$310,244
Cash and due from depository institutions$12,460
Interest-bearing balances$7,488
Securities$57,520
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$217,311
Loan loss allowance $2,561
Trading account assets$0
Bank premises and fixed assets$6,772
Other real estate owned$6,373
Goodwill and other intangibles$0
All other assets$9,808
Life insurance assets$310,244
Total liabilities and capital$283,844
Total liabilities$281,710
Total deposits$235,904
Interest-bearing deposits$281,710
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,134
All other liabilities $26,400
Total equity capital$26,400
Total bank equity capital$26,400
Perpetual preferred stock$0
Common stock$8,640
Surplus$3,968
Undivided profits $13,792
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $12,614
Earning assets $0
Long-term assets (5+ years) $1,318
Average Assets, year-to-date $282,319
Average Assets, quarterly $147,774
Volatile liabilities $313,758
Insider loans $312,347
FHLB advances $218,527
Loans and leases held for sale $312,008
Unused loan commitments $3,044
Tier 1 (core) risk-based capital $3,044
Tier 2 risk-based capital $26,334
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,256
Derivatives$2,466
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,526
Total interest expense $3,556
Net interest income $10,970
Provision for loan and lease losses $1,625
Total noninterest income $711
Fiduciary activities $0
Service charges on deposit accounts $408
Trading account gains & fees $0
Additional noninterest income $303
Total noninterest expense $9,065
Salaries and employee benefits $4,472
Premises and equipment expense $1,386
Additional noninterest expense $3,207
Pre-tax net operating income $991
Securities gains (losses) $0
Applicable income taxes -$428
Income before extraordinary items $1,419
Extraordinary gains - net $0
Net income attributable to bank $1,419
Net charge-offs $0
Cash dividends $1,419
Sale, conversion, retirement of capital stock, net $2,506
Net operating income $666
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.01%
Cost of funding earning assets 1.23%
Net interest margin 3.78%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 3.13%
Net operating income to assets 0.45%
Return on assets (ROA) 0.45%
Pretax return on assets 0.32%
Return on equity (ROE) 5.44%
Retained earnings to average equity (YTD only) 2.89%
Net charge-offs to loans 1.13%
Credit loss provision to net charge-offs 64.84%
Efficiency ratio1.04%
Assets per employee$77,605
Cash dividends to net income (YTD only)3.83%
Condition Ratios (%)
Loss allowance to loans 46.93%
Loss allowance to noncurrent loans 1.16%
Noncurrent assets plus other real estate owned to assets 20.30%
Noncurrent loans to loans 6.12%
Net loans and leases to deposits5.74%
Net loans and leases to core deposits 77.14%
Equity capital to assets 79.58%
Core capital (leverage) ratio 8.51%
Tier 1 risk-based capital ratio 8.44%
Total risk-based capital ratio 12.05%
Memoranda
Average assets$13
Average earning assets$313,758
Average equity $26,063
Average loans $289,930
Back to page top, Back to table top

Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$3
Number of Accounts1
Personal trust and agency accounts$3
Employee benefit-defined contribution accounts$3
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Back to page top, Back to table top

4 New Jersey Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0392Community Bank Of Bergen County, N. J.125 West Pleasant Avenue, Maywood, NJ 7607December 08, 1928Full Service Brick and Mortar
1181973Rochelle Park Branch210 Rochelle Avenue, Rochelle Park, NJ 7662April 20, 1953Full Service Brick and Mortar
2364621Community Bank Of Bergen County Nj B12-79 River Road, Fair Lawn, NJ 7410June 30, 2002Full Service Brick and Mortar
3467758Garfield Branch517 River Road, Garfield, NJ 7026March 15, 2007Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Community Bank of Bergen County, N. J..
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.