First Bank in city_name, state_name - Detailed Financial Reports, Location

First Bank in Hamilton, New Jersey (NJ)
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First Bank - Overview

General
FDIC Certificate #: 58481
Status: Active
Federal Reserve ID: 3401970
Date Established: April 23, 2007
WWW: http://www.firstbanknj.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 453788
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: April 23, 2007
Last Structure Change Effective Date: Febuary 01, 2012
Last Structure Change Process Date: Febuary 06, 2012
Last Data Update: Febuary 06, 2012
Data Source Date: April 05, 2012
Location
Address: 2465 Kuser Road, Hamilton, NJ 8690
County: Mercer
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): Trenton, NJ (#8480)
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): Trenton-Ewing, NJ (#45940)
CBSA Metro Statistical Area: Trenton-Ewing, NJ (#45940)
History of Changes
Corrections
Change in Location
Financial Summary
Total assets: $264.9 mil
Equity capital: $24.0 mil
Deposits held in domestic offices: $234.7 mil
Return on assets (ROA): 0.88% ($2.3 mil)
Quarterly return on assets: 3.17% ($8.4 mil)
Return on Equity (ROE): 9.54% ($2.3 mil)
Quarterly return on equity: 35.49% ($8.5 mil)
Net income: $2.1 mil
Quarterly Net income: $2.0 mil
Pretax return on assets: 0.13% ($344.4 mil)
Quarterly Pretax return on assets: 0.39% ($1,033.1 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
44Total employees (full-time equivalent)
$264,909Total assets
$24,361Cash and due from depository institutions
$18,492Interest-bearing balances
$18,551Securities
$1,053Federal funds sold & reverse repurchase agreements
$203,717Net loans & leases
$3,307Loan loss allowance
$0Trading account assets
$2,139Bank premises and fixed assets
$623Other real estate owned
$59Goodwill and other intangibles
$264,909Life insurance assets
$14,406All other assets
$240,927Total liabilities and capital
$234,661Total liabilities
$212,336Total deposits
$234,661Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$5,428Trading liabilities
$0Other borrowed funds
$838Subordinated debt
$23,982All other liabilities
$23,982Total equity capital
$23,982Total bank equity capital
$0Perpetual preferred stock
$19,404Common stock
$11,066Surplus
$-6,488Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,761Income earned, not collected on loans
$0Earning assets
$743Long-term assets (5+ years)
$241,813Average Assets, year-to-date
$66,475Average Assets, quarterly
$238,355Volatile liabilities
$257,327Insider loans
$225,908FHLB advances
$251,450Loans and leases held for sale
$5,012Unused loan commitments
$3,006Tier 1 (core) risk-based capital
$23,884Tier 2 risk-based capital
$0Total risk weighted assets
$2,006Total unused commitments
$33,927Restructured Loans and leases
$6,711Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$11,560Total interest income
$2,944Total interest expense
$8,616Net interest income
$2,080Provision for loan and lease losses
$401Total noninterest income
$0Fiduciary activities
$78Service charges on deposit accounts
$0Trading account gains & fees
$323Additional noninterest income
$6,662Total noninterest expense
$3,439Salaries and employee benefits
$965Premises and equipment expense
$2,258Additional noninterest expense
$275Pre-tax net operating income
$41Securities gains (losses)
-$1,787Applicable income taxes
$2,103Income before extraordinary items
$0Extraordinary gains - net
$2,103Net income attributable to bank
$0Net charge-offs
$2,103Cash dividends
$1,217Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.10%Yield on earning assets
1.30%Cost of funding earning assets
3.80%Net interest margin
0.18%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
0.87%Net operating income to assets
0.88%Return on assets (ROA)
0.13%Pretax return on assets
9.54%Return on equity (ROE)
9.54%Retained earnings to average equity (YTD only)
0.67%Net charge-offs to loans
170.91%Credit loss provision to net charge-offs
1.94%Efficiency ratio
73,883Assets per employee
6.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
57.40%Noncurrent assets plus other real estate owned to assets
2.41%Noncurrent loans to loans
2.78%Net loans and leases to deposits
86.81%Net loans and leases to core deposits
91.30%Equity capital to assets
9.05%Core capital (leverage) ratio
9.50%Tier 1 risk-based capital ratio
10.57%Total risk-based capital ratio
Memoranda
$12Average assets
$238,355Average earning assets
$22,039Average equity
$226,684Average loans

List of branches

3 New Jersey Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	453788	First Bank	2465 Kuser Road, Hamilton, NJ 8690	April 23, 2007	Full Service Brick and Mortar
1	492766	Ewing Branch	1340 Parkway Avenue, Ewing, NJ 8628	March 09, 2009	Full Service Brick and Mortar
2	492767	Lawrence Branch	590 Lawrence Square Blvd. South, Lawrenceville, NJ 8648	Febuary 09, 2009	Full Service Brick and Mortar

First Bank in Hamilton, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Bank in Hamilton, New Jersey (NJ)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Bank in Hamilton, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches