First Fidelity Bank, National Association, New Jersey in city_name, state_name

First Fidelity Bank, National Association, New Jersey in Newark, New Jersey (NJ)
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First Fidelity Bank, National Association, New Jersey - Overview

General
FDIC Certificate #: 6385
Status: Inactive
Closing history: Consolidated - Without Assistance
Acquiring institution: Wachovia Bank, National Association (#33869)
Federal Reserve ID: 747109
Date Established: January 01, 1812
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 383 (Interstate: No)
FDIC's unique #: 4288
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 11, 1994
Last Structure Change Process Date: January 11, 1994
Last Data Update: Febuary 21, 1998
Data Source Date: April 05, 2012
Location
Address: 550 Broad Street, Newark, NJ 7102
County: Essex
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)
Financial Summary
Total assets: $20,065.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6,581Total assets
$20,065,417Cash and due from depository institutions
$1,613,311Interest-bearing balances
$488,699Securities
$4,604,705Federal funds sold & reverse repurchase agreements
$836,193Net loans & leases
$11,908,904Loan loss allowance
$340,026Trading account assets
$149,302Bank premises and fixed assets
$216,716Other real estate owned
$99,206Goodwill and other intangibles
$429,798Life insurance assets
$207,282All other assets
$0Total liabilities and capital
$20,065,417Total liabilities
$18,480,181Total deposits
$16,558,927Interest-bearing deposits
$13,201,373Deposits held in domestic offices
16532807.00%% insured (estimated)
$80Federal funds purchased & repurchase agreements
$1,497,129Trading liabilities
$0Other borrowed funds
$9,264Subordinated debt
$100,000All other liabilities
$314,861Total equity capital
$314,861Total bank equity capital
$1,585,236Perpetual preferred stock
$0Common stock
$215,000Surplus
$714,232Undivided profits
Memoranda
$656,004Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$490,967Income earned, not collected on loans
$88,973Earning assets
$17,987,803Long-term assets (5+ years)
$5,834,870Average Assets, year-to-date
$20,369,599Average Assets, quarterly
$20,108,809Volatile liabilities
$2,215,783Insider loans
$72,899FHLB advances
$0Loans and leases held for sale
$6,101Unused loan commitments
$4,509,578Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,367,390Total risk weighted assets
$13,564,616Total unused commitments
$0Restructured Loans and leases
$3,294,847Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,260,463Total interest expense
$434,047Net interest income
$826,416Provision for loan and lease losses
$103,150Total noninterest income
$241,699Fiduciary activities
$49,191Service charges on deposit accounts
$98,145Trading account gains & fees
$15,051Additional noninterest income
$79,312Total noninterest expense
$635,274Salaries and employee benefits
$235,414Premises and equipment expense
$87,903Additional noninterest expense
$311,957Pre-tax net operating income
$329,691Securities gains (losses)
$6,287Applicable income taxes
$106,675Income before extraordinary items
$229,303Extraordinary gains - net
-$13,201Net income attributable to bank
$216,102Net charge-offs
$150,908Cash dividends
$153,800Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.92%Cost of funding earning assets
2.38%Net interest margin
4.54%Noninterest income to earning assets
1.33%Noninterest expense to earning assets
3.49%Net operating income to assets
1.10%Return on assets (ROA)
1.06%Pretax return on assets
1.58%Return on equity (ROE)
13.97%Retained earnings to average equity (YTD only)
4.03%Net charge-offs to loans
1.24%Credit loss provision to net charge-offs
68.35%Efficiency ratio
57,958Assets per employee
3.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
71.17%Loss allowance to loans
2.78%Loss allowance to noncurrent loans
69.26%Noncurrent assets plus other real estate owned to assets
2.94%Noncurrent loans to loans
4.01%Net loans and leases to deposits
71.92%Net loans and leases to core deposits
75.16%Equity capital to assets
7.90%Core capital (leverage) ratio
6.93%Tier 1 risk-based capital ratio
10.08%Total risk-based capital ratio
Memoranda
$12Average assets
$20,369,599Average earning assets
$1,546,421Average equity
$18,220,405Average loans

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First Fidelity Bank, National Association, New Jersey in Newark, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Fidelity Bank, National Association, New Jersey - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

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

First Fidelity Bank, National Association, New Jersey in Newark, New Jersey (NJ)Overview, Financial Summary, Detailed Financial Reports, Branches

First Fidelity Bank, National Association, New Jersey - Overview

Assets and Liabilities (December 31, 1993)

Income and Expense (December 31, 1993)

Performance and Condition Ratios (December 31, 1993)

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

First Fidelity Bank, National Association, New Jersey in Newark, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches