Cross River Bank in Teaneck, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cross River Bank - Overview

  • General
  • FDIC Certificate #: 58410
    Status: Active
    Federal Reserve ID: 3783313
    Date Established: June 23, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 451130
    Numeric code: 21
    Regulator: FDIC
    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: June 23, 2008
    Last Structure Change Effective Date: October 18, 2010
    Last Structure Change Process Date: December 21, 2010
    Last Data Update: December 21, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 885 Teaneck Road, Teaneck, 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: $186.1 mil
    Equity capital: $15.9 mil
    Deposits held in domestic offices: $153.4 mil
    Return on assets (ROA): 1.32% ($2.5 mil)
    Quarterly return on assets: 1.39% ($2.6 mil)
    Return on Equity (ROE): 13.30% ($2.1 mil)
    Quarterly return on equity: 15.80% ($2.5 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.18% ($4,056.7 mil)
    Quarterly Pretax return on assets: 2.03% ($3,777.5 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
  • 26Total employees (full-time equivalent)
  • $186,085Total assets
  • $19,054Cash and due from depository institutions
  • $12,679Interest-bearing balances
  • $38,474Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $125,194Net loans & leases
  • $1,369Loan loss allowance
  • $0Trading account assets
  • $675Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $186,084Life insurance assets
  • $2,688All other assets
  • $170,169Total liabilities and capital
  • $153,387Total liabilities
  • $146,570Total deposits
  • $153,387Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $0Other borrowed funds
  • $1,782Subordinated debt
  • $15,915All other liabilities
  • $15,915Total equity capital
  • $15,915Total bank equity capital
  • $0Perpetual preferred stock
  • $6,863Common stock
  • $7,646Surplus
  • $1,406Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,659Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $488Income earned, not collected on loans
  • $0Earning assets
  • $914Long-term assets (5+ years)
  • $176,347Average Assets, year-to-date
  • $57,641Average Assets, quarterly
  • $151,414Volatile liabilities
  • $179,556Insider loans
  • $135,801FHLB advances
  • $178,333Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,141Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,456Restructured Loans and leases
  • $1,990Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,605Total interest income
  • $2,433Total interest expense
  • $6,172Net interest income
  • $595Provision for loan and lease losses
  • $1,481Total noninterest income
  • $0Fiduciary activities
  • $19Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,462Additional noninterest income
  • $4,976Total noninterest expense
  • $2,879Salaries and employee benefits
  • $287Premises and equipment expense
  • $1,810Additional noninterest expense
  • $2,082Pre-tax net operating income
  • $1,225Securities gains (losses)
  • $1,293Applicable income taxes
  • $2,014Income before extraordinary items
  • -$8Extraordinary gains - net
  • $2,006Net income attributable to bank
  • $0Net charge-offs
  • $2,006Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.04%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 4.33%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 2.18%Pretax return on assets
  • 13.30%Return on equity (ROE)
  • 13.30%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,020Assets per employee
  • 7.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 280.53%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 81.62%Net loans and leases to core deposits
  • 91.13%Equity capital to assets
  • 8.55%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 11.15%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $151,414Average earning assets
  • $15,084Average equity
  • $142,446Average loans

List of branches

  • 1 New Jersey Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451130Cross River Bank885 Teaneck Road, Teaneck, NJ 7666June 23, 2008Full Service Brick and Mortar

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