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

First Commerce Bank - Overview

  • General
  • FDIC Certificate #: 58054
    Status: Active
    Federal Reserve ID: 3404373
    Date Established: January 30, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 437827
    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: January 30, 2006
    Last Structure Change Effective Date: June 24, 2011
    Last Structure Change Process Date: July 26, 2011
    Last Data Update: July 26, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 River Avenue, Lakewood, NJ 8701
    County: Ocean
    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): Monmouth-Ocean, NJ (#5190)
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $154.7 mil
    Equity capital: $21.9 mil
    Deposits held in domestic offices: $131.4 mil
    Return on assets (ROA): 0.06% ($0.1 mil)
    Quarterly return on assets: 1.09% ($1.7 mil)
    Return on Equity (ROE): 0.32% ($0.1 mil)
    Quarterly return on equity: 7.51% ($1.7 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.06% ($92.8 mil)
    Quarterly Pretax return on assets: 1.09% ($1,685.8 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
  • 31Total employees (full-time equivalent)
  • $154,665Total assets
  • $12,639Cash and due from depository institutions
  • $12,175Interest-bearing balances
  • $23,679Securities
  • $2,620Federal funds sold & reverse repurchase agreements
  • $112,944Net loans & leases
  • $1,499Loan loss allowance
  • $0Trading account assets
  • $1,131Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $154,665Life insurance assets
  • $1,652All other assets
  • $132,768Total liabilities and capital
  • $131,365Total liabilities
  • $120,863Total deposits
  • $131,365Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $403Subordinated debt
  • $21,897All other liabilities
  • $21,897Total equity capital
  • $21,897Total bank equity capital
  • $2,501Perpetual preferred stock
  • $16,183Common stock
  • $9,510Surplus
  • $-6,297Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $876Income earned, not collected on loans
  • $0Earning assets
  • $590Long-term assets (5+ years)
  • $151,418Average Assets, year-to-date
  • $51,999Average Assets, quarterly
  • $119,355Volatile liabilities
  • $149,436Insider loans
  • $113,984FHLB advances
  • $150,742Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,666Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,484Restructured Loans and leases
  • $283Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,668Total interest income
  • $1,366Total interest expense
  • $4,302Net interest income
  • $762Provision for loan and lease losses
  • $316Total noninterest income
  • $0Fiduciary activities
  • $113Service charges on deposit accounts
  • $0Trading account gains & fees
  • $203Additional noninterest income
  • $4,125Total noninterest expense
  • $2,447Salaries and employee benefits
  • $631Premises and equipment expense
  • $1,047Additional noninterest expense
  • -$269Pre-tax net operating income
  • $337Securities gains (losses)
  • $0Applicable income taxes
  • $68Income before extraordinary items
  • $0Extraordinary gains - net
  • $68Net income attributable to bank
  • $0Net charge-offs
  • $68Cash dividends
  • $151Sale, conversion, retirement of capital stock, net
  • $101Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • -0.23%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.06%Pretax return on assets
  • 0.32%Return on equity (ROE)
  • -0.15%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 504.64%Credit loss provision to net charge-offs
  • 3.26%Efficiency ratio
  • 89,324Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 148.53%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 171.12%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 85.98%Net loans and leases to core deposits
  • 95.91%Equity capital to assets
  • 14.16%Core capital (leverage) ratio
  • 14.37%Tier 1 risk-based capital ratio
  • 19.01%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $119,355Average earning assets
  • $21,568Average equity
  • $116,194Average loans

List of branches

  • 2 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0437827First Commerce Bank105 River Avenue, Lakewood, NJ 8701January 30, 2006Full Service Brick and Mortar
    1518689Closter Branch530 Piermont Road, Closter, NJ 7624April 15, 2011Full Service Brick and Mortar

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