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


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
  • NoIDNameAddressEstablishedService TypeMap
    0453788First Bank2465 Kuser Road, Hamilton, NJ 8690April 23, 2007Full Service Brick and Mortar
    1492766Ewing Branch1340 Parkway Avenue, Ewing, NJ 8628March 09, 2009Full Service Brick and Mortar
    2492767Lawrence Branch590 Lawrence Square Blvd. South, Lawrenceville, NJ 8648Febuary 09, 2009Full Service Brick and Mortar

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