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

This bank is inactive as of January 11, 1994

  • 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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