Community State Bank in Teaneck Township, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 25, 2003

  • Community State Bank in Teaneck Township, New Jersey (NJ)
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Community State Bank - Overview

  • General
  • FDIC Certificate #: 34366
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lakeland Bank (#19953)
    Federal Reserve ID: 2584782
    Date Established: June 23, 1997
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 57125
    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: June 23, 1997
    Last Structure Change Effective Date: August 25, 2003
    Last Structure Change Process Date: September 15, 2003
    Last Data Update: September 15, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 417 Cedar Lane, Teaneck Township, NJ 7666
    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: $139.6 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, 2002)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $122,229Total assets
  • $8,180Cash and due from depository institutions
  • $6,682Interest-bearing balances
  • $19,160Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $87,845Net loans & leases
  • $816Loan loss allowance
  • $0Trading account assets
  • $3,187Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,857All other assets
  • $122,229Total liabilities and capital
  • $110,662Total liabilities
  • $105,594Total deposits
  • $90,721Interest-bearing deposits
  • $105,594Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,548Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,000Other borrowed funds
  • $0Subordinated debt
  • $520All other liabilities
  • $11,567Total equity capital
  • $11,567Total bank equity capital
  • $11,567Perpetual preferred stock
  • $0Common stock
  • $5,490Surplus
  • $5,789Undivided profits
  • Memoranda
  • $288Noncurrent loans and leases
  • $19,296Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2Earning assets
  • $0Long-term assets (5+ years)
  • $550Average Assets, year-to-date
  • $113,687Average Assets, quarterly
  • $12,144Volatile liabilities
  • $114,327Insider loans
  • $121,081FHLB advances
  • $14,967Loans and leases held for sale
  • $4,968Unused loan commitments
  • $1,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,387Total risk weighted assets
  • $19,296Total unused commitments
  • $0Restructured Loans and leases
  • $816Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $6,573Total interest income
  • $2,488Total interest expense
  • $4,085Net interest income
  • $170Provision for loan and lease losses
  • $845Total noninterest income
  • $0Fiduciary activities
  • $190Service charges on deposit accounts
  • $0Trading account gains & fees
  • $655Additional noninterest income
  • $3,631Total noninterest expense
  • $1,933Salaries and employee benefits
  • $554Premises and equipment expense
  • $1,144Additional noninterest expense
  • $1,129Pre-tax net operating income
  • -$1Securities gains (losses)
  • $40Applicable income taxes
  • $1,088Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,088Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $59Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.09%Yield on earning assets
  • 2.30%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 9.97%Return on equity (ROE)
  • 9.97%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 288.14%Credit loss provision to net charge-offs
  • 22.02%Efficiency ratio
  • 73,651Assets per employee
  • 3.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 40800.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 83.19%Net loans and leases to core deposits
  • 93.28%Equity capital to assets
  • 9.46%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 12.41%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $114,327Average earning assets
  • $10,915Average equity
  • $107,966Average loans

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