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

This bank is inactive as of April 29, 1994

  • Constellation Bank, National Association in Elizabeth, New Jersey (NJ)
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Constellation Bank, National Association - Overview

  • General
  • FDIC Certificate #: 6331
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: New Jersey National Bank (#6500)
    Federal Reserve ID: 719003
    Date Established: January 01, 1865
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 56 (Interstate: No)
    FDIC's unique #: 4265
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 29, 1994
    Last Structure Change Process Date: May 06, 1994
    Last Data Update: May 06, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 68 Broad Street, Elizabeth, NJ 7201
    County: Union
    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: $2,238.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,013Total assets
  • $2,119,370Cash and due from depository institutions
  • $104,237Interest-bearing balances
  • $0Securities
  • $281,835Federal funds sold & reverse repurchase agreements
  • $160,500Net loans & leases
  • $1,464,597Loan loss allowance
  • $190,145Trading account assets
  • $0Bank premises and fixed assets
  • $30,576Other real estate owned
  • $40,219Goodwill and other intangibles
  • $31,536Life insurance assets
  • $5,870All other assets
  • $0Total liabilities and capital
  • $2,119,370Total liabilities
  • $2,155,327Total deposits
  • $2,092,681Interest-bearing deposits
  • $1,759,957Deposits held in domestic offices
  • 2092681.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $15,222Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $47,424Total equity capital
  • $47,424Total bank equity capital
  • $-35,957Perpetual preferred stock
  • $0Common stock
  • $60,000Surplus
  • $113,212Undivided profits
  • Memoranda
  • $-209,169Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $82,727Income earned, not collected on loans
  • $10,121Earning assets
  • $1,906,932Long-term assets (5+ years)
  • $208,061Average Assets, year-to-date
  • $2,310,492Average Assets, quarterly
  • $2,197,790Volatile liabilities
  • $81,805Insider loans
  • $5,923FHLB advances
  • $0Loans and leases held for sale
  • $15,655Unused loan commitments
  • $239,696Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-45,314Total risk weighted assets
  • $1,432,669Total unused commitments
  • $0Restructured Loans and leases
  • $41Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $153,560Total interest expense
  • $53,833Net interest income
  • $99,727Provision for loan and lease losses
  • $130,000Total noninterest income
  • $39,547Fiduciary activities
  • $3,012Service charges on deposit accounts
  • $11,590Trading account gains & fees
  • $0Additional noninterest income
  • $24,945Total noninterest expense
  • $186,977Salaries and employee benefits
  • $40,723Premises and equipment expense
  • $14,328Additional noninterest expense
  • $131,926Pre-tax net operating income
  • -$177,703Securities gains (losses)
  • $42Applicable income taxes
  • $662Income before extraordinary items
  • -$178,323Extraordinary gains - net
  • $0Net income attributable to bank
  • -$178,323Net charge-offs
  • $24,930Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.58%Cost of funding earning assets
  • 2.66%Net interest margin
  • 4.92%Noninterest income to earning assets
  • 1.95%Noninterest expense to earning assets
  • 9.23%Net operating income to assets
  • -7.72%Return on assets (ROA)
  • -7.72%Pretax return on assets
  • -7.69%Return on equity (ROE)
  • -165.24%Retained earnings to average equity (YTD only)
  • -165.24%Net charge-offs to loans
  • 1.46%Credit loss provision to net charge-offs
  • 521.46%Efficiency ratio
  • 120,593Assets per employee
  • 2.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 11.49%Loss allowance to noncurrent loans
  • 229.85%Noncurrent assets plus other real estate owned to assets
  • 5.80%Noncurrent loans to loans
  • 5.00%Net loans and leases to deposits
  • 69.99%Net loans and leases to core deposits
  • 72.29%Equity capital to assets
  • -1.70%Core capital (leverage) ratio
  • -1.96%Tier 1 risk-based capital ratio
  • -3.16%Total risk-based capital ratio
  • Memoranda
  • -$3Average assets
  • $2,310,492Average earning assets
  • $107,920Average equity
  • $2,024,919Average loans

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