First Bank of Central Jersey in North Brunswick, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 10, 2003

  • First Bank of Central Jersey in North Brunswick, New Jersey (NJ)
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First Bank of Central Jersey - Overview

  • General
  • FDIC Certificate #: 34690
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synergy Bank (#34851)
    Federal Reserve ID: 2693657
    Date Established: May 11, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 61202
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 11, 1998
    Last Structure Change Effective Date: January 10, 2003
    Last Structure Change Process Date: January 24, 2003
    Last Data Update: January 24, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 1727 Route 130, North Brunswick, NJ 8902
    County: Middlesex
    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): Middlesex-Somerset-Hunterdon, NJ (#5015)
    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: Edison-New Brunswick, NJ (#20764)
  • Financial Summary
  • Total assets: $54.9 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, 2002)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $54,923Total assets
  • $7,397Cash and due from depository institutions
  • $0Interest-bearing balances
  • $23,165Securities
  • $1,500Federal funds sold & reverse repurchase agreements
  • $22,178Net loans & leases
  • $851Loan loss allowance
  • $0Trading account assets
  • $233Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $450All other assets
  • $54,923Total liabilities and capital
  • $53,192Total liabilities
  • $52,867Total deposits
  • $48,056Interest-bearing deposits
  • $52,867Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $325All other liabilities
  • $1,731Total equity capital
  • $1,731Total bank equity capital
  • $1,731Perpetual preferred stock
  • $0Common stock
  • $3,719Surplus
  • $3,680Undivided profits
  • Memoranda
  • $-5,668Noncurrent loans and leases
  • $2,379Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $149Earning assets
  • $0Long-term assets (5+ years)
  • $225Average Assets, year-to-date
  • $46,843Average Assets, quarterly
  • $19,456Volatile liabilities
  • $58,441Insider loans
  • $55,955FHLB advances
  • $4,716Loans and leases held for sale
  • $1,124Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,379Total unused commitments
  • $0Restructured Loans and leases
  • $380Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $3,635Total interest income
  • $1,711Total interest expense
  • $1,924Net interest income
  • $0Provision for loan and lease losses
  • $116Total noninterest income
  • $0Fiduciary activities
  • $9Service charges on deposit accounts
  • $0Trading account gains & fees
  • $107Additional noninterest income
  • $2,933Total noninterest expense
  • $1,284Salaries and employee benefits
  • $305Premises and equipment expense
  • $1,344Additional noninterest expense
  • -$893Pre-tax net operating income
  • $72Securities gains (losses)
  • $1Applicable income taxes
  • -$822Income before extraordinary items
  • $0Extraordinary gains - net
  • -$822Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,318Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.95%Yield on earning assets
  • 3.27%Cost of funding earning assets
  • 3.68%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 5.60%Noninterest expense to earning assets
  • -1.53%Net operating income to assets
  • -1.41%Return on assets (ROA)
  • -1.40%Pretax return on assets
  • -40.85%Return on equity (ROE)
  • -40.85%Retained earnings to average equity (YTD only)
  • 6.85%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -0.39%Efficiency ratio
  • 143,775Assets per employee
  • 4.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.70%Loss allowance to noncurrent loans
  • 571.14%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 41.95%Net loans and leases to core deposits
  • 46.06%Equity capital to assets
  • 3.15%Core capital (leverage) ratio
  • 2.66%Tier 1 risk-based capital ratio
  • 4.97%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $58,441Average earning assets
  • $2,012Average equity
  • $52,340Average loans

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