Crown Bank in Elizabeth, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Crown Bank - Overview

  • General
  • FDIC Certificate #: 34259
    Status: Active
    Federal Reserve ID: 2686211
    Bank Holding Company (Regulatory Top Holder): Jjr Holding Company, Inc. (RSSDID: 3071122, Location: Brick, NJ)
    Date Established: April 13, 1998
    WWW: http://www.crownbank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Domestic: 16, Interstate: No)
    FDIC's unique #: 57018
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 13, 1998
    Last Structure Change Effective Date: December 15, 2011
    Last Structure Change Process Date: December 21, 2011
    Last Data Update: December 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 27 Prince Street, Elizabeth, NJ 7208
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $566.3 mil
    Equity capital: $72.3 mil
    Deposits held in domestic offices: $472.6 mil
    Return on assets (ROA): 3.12% ($17.7 mil)
    Quarterly return on assets: 2.88% ($16.3 mil)
    Return on Equity (ROE): 24.29% ($17.5 mil)
    Quarterly return on equity: 22.96% ($16.5 mil)
    Net income: $17.0 mil
    Quarterly Net income: $4.1 mil
    Pretax return on assets: 3.12% ($17,667.2 mil)
    Quarterly Pretax return on assets: 2.88% ($16,308.2 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
  • 111Total employees (full-time equivalent)
  • $566,256Total assets
  • $24,830Cash and due from depository institutions
  • $18,799Interest-bearing balances
  • $40,277Securities
  • $15,519Federal funds sold & reverse repurchase agreements
  • $453,380Net loans & leases
  • $6,480Loan loss allowance
  • $0Trading account assets
  • $3,488Bank premises and fixed assets
  • $8,762Other real estate owned
  • $2,666Goodwill and other intangibles
  • $566,256Life insurance assets
  • $17,334All other assets
  • $493,991Total liabilities and capital
  • $472,621Total liabilities
  • $407,058Total deposits
  • $472,621Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $1,370Subordinated debt
  • $72,265All other liabilities
  • $72,265Total equity capital
  • $72,265Total bank equity capital
  • $0Perpetual preferred stock
  • $6,001Common stock
  • $29,370Surplus
  • $36,894Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $69,089Income earned, not collected on loans
  • $0Earning assets
  • $3,455Long-term assets (5+ years)
  • $527,975Average Assets, year-to-date
  • $267,160Average Assets, quarterly
  • $544,980Volatile liabilities
  • $571,105Insider loans
  • $501,299FHLB advances
  • $574,837Loans and leases held for sale
  • $9,334Unused loan commitments
  • $9,334Tier 1 (core) risk-based capital
  • $68,433Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $65,566Restructured Loans and leases
  • $536Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $32,066Total interest income
  • $4,854Total interest expense
  • $27,212Net interest income
  • $1,093Provision for loan and lease losses
  • $3,881Total noninterest income
  • $0Fiduciary activities
  • $740Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,141Additional noninterest income
  • $12,992Total noninterest expense
  • $6,160Salaries and employee benefits
  • $3,035Premises and equipment expense
  • $3,797Additional noninterest expense
  • $17,008Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $17,008Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,008Net income attributable to bank
  • $0Net charge-offs
  • $17,008Cash dividends
  • $443Sale, conversion, retirement of capital stock, net
  • $12,807Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.30%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 5.35%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 3.12%Net operating income to assets
  • 3.12%Return on assets (ROA)
  • 3.12%Pretax return on assets
  • 24.29%Return on equity (ROE)
  • 6.00%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 246.73%Credit loss provision to net charge-offs
  • 40.86%Efficiency ratio
  • 40,649Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.30%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 9.38%Noncurrent assets plus other real estate owned to assets
  • 13.75%Noncurrent loans to loans
  • 15.02%Net loans and leases to deposits
  • 95.93%Net loans and leases to core deposits
  • 107.34%Equity capital to assets
  • 12.76%Core capital (leverage) ratio
  • 11.90%Tier 1 risk-based capital ratio
  • 13.65%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $544,980Average earning assets
  • $70,033Average equity
  • $508,917Average loans

List of branches

  • 16 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057018Crown Bank27 Prince Street, Elizabeth, NJ 7208April 13, 1998Full Service Brick and Mortar
    1290510Ironbound Branch76 Pulaski St., Newark, NJ 7105December 14, 1998Full Service Brick and Mortar
    2290511Elizabeth Branch195-199 Elmora Avenue, Elizabeth, NJ 7202June 01, 1999Full Service Brick and Mortar
    3359739Brick Branch715 Route 70, Brick, NJ 8723March 19, 2001Full Service Brick and Mortar
    4362007Linwood Branch100 New Road, Linwood, NJ 8221October 15, 2000Full Service Brick and Mortar
    5362408Ferry Street Newark Branch174 Ferry Street, Newark, NJ 7105October 27, 2001Full Service Brick and Mortar
    6364041Harrison Branch212-216 South Frank East Rodgers Boulevard, Harrison, NJ 7029January 14, 2002Full Service Brick and Mortar
    7419743Westminster Branch400 Westminster Avenue, Elizabeth, NJ 7208January 27, 2003Full Service Brick and Mortar
    8481418Kearny Branch499 Kearny Avenue, Kearny, NJ 7032September 29, 2008Full Service Brick and Mortar
    9482993Dunellen Branch324 North Avenue, Dunellen, NJ 8812November 17, 2008Full Service Brick and Mortar
    10492806Cranford Branch2 North Union Avenue, Cranford, NJ 7016December 15, 2008Full Service Brick and Mortar
    11492807Washington Valley Branch198 Washington Valley Road, Warren, NJ 7059April 13, 2009Full Service Brick and Mortar
    13424297Union City Branch4430 Bergenline Avenue, Union City, NJ 7087November 21, 2003Full Service Brick and Mortar
    14442970West New York Branch6149-51 Bergenline Avenue, West New York, NJ 7093July 19, 2005Full Service Retail
    15463550Clifton Branch295 Clifton Avenue, Clifton, NJ 7011May 11, 2007Full Service Brick and Mortar
    17480018Roselle Branch201 Chestnut St., Roselle, NJ 7203August 06, 2007Full Service Retail

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