First Morris Bank and Trust in city_name, state_name - Detailed Financial Reports, Location

First Morris Bank and Trust in Morris Township, New Jersey (NJ)
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First Morris Bank and Trust - Overview

General
FDIC Certificate #: 19975
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Provident Bank (#12010)
Federal Reserve ID: 926203
Date Established: June 25, 1969
WWW: http://www.firstmorris.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Interstate: No)
OTS Docket #: 13989
FDIC's unique #: 13717
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: June 25, 1969
Last Structure Change Effective Date: April 01, 2007
Last Structure Change Process Date: June 11, 2007
Last Data Update: June 11, 2007
Data Source Date: April 05, 2012
Location
Address: 250 Madison Avenue, Morris Township, NJ 7960
County: Morris
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: $563.9 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, 2006)

Dollar figures in thousands
118Total employees (full-time equivalent)
$584,489Total assets
$16,465Cash and due from depository institutions
$2,400Interest-bearing balances
$197,600Securities
$7,500Federal funds sold & reverse repurchase agreements
$334,253Net loans & leases
$2,823Loan loss allowance
$0Trading account assets
$22,819Bank premises and fixed assets
$0Other real estate owned
$234Goodwill and other intangibles
$0Life insurance assets
$5,618All other assets
$584,490Total liabilities and capital
$542,532Total liabilities
$526,902Total deposits
$460,089Interest-bearing deposits
$526,902Deposits held in domestic offices
0.00%% insured (estimated)
$7,489Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,862Other borrowed funds
$0Subordinated debt
$1,279All other liabilities
$41,958Total equity capital
$41,958Total bank equity capital
$41,958Perpetual preferred stock
$0Common stock
$10,396Surplus
$22,770Undivided profits
Memoranda
$8,792Noncurrent loans and leases
$112,621Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,562Earning assets
$0Long-term assets (5+ years)
$2,834Average Assets, year-to-date
$541,753Average Assets, quarterly
$220,844Volatile liabilities
$576,295Insider loans
$578,383FHLB advances
$68,196Loans and leases held for sale
$526Unused loan commitments
$6,862Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$112,621Total unused commitments
$0Restructured Loans and leases
$2,823Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$30,024Total interest income
$14,750Total interest expense
$15,274Net interest income
$0Provision for loan and lease losses
$2,664Total noninterest income
$746Fiduciary activities
$1,232Service charges on deposit accounts
$0Trading account gains & fees
$686Additional noninterest income
$14,036Total noninterest expense
$7,464Salaries and employee benefits
$2,295Premises and equipment expense
$4,277Additional noninterest expense
$3,902Pre-tax net operating income
-$1,127Securities gains (losses)
$978Applicable income taxes
$1,797Income before extraordinary items
$0Extraordinary gains - net
$1,797Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$308Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.60%Yield on earning assets
2.75%Cost of funding earning assets
2.85%Net interest margin
0.50%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
0.44%Net operating income to assets
0.31%Return on assets (ROA)
0.48%Pretax return on assets
4.58%Return on equity (ROE)
4.58%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
12.67%Efficiency ratio
78,013Assets per employee
4.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
79.25%Noncurrent assets plus other real estate owned to assets
0.61%Noncurrent loans to loans
1.06%Net loans and leases to deposits
63.44%Net loans and leases to core deposits
71.10%Equity capital to assets
7.18%Core capital (leverage) ratio
7.42%Tier 1 risk-based capital ratio
11.61%Total risk-based capital ratio
Memoranda
$12Average assets
$576,295Average earning assets
$39,245Average equity
$536,522Average loans

Total Fiduciary and Related Assets (December 31, 2006)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$98,865Managed Assets
1Number of Accounts
$98,374Personal trust and agency accounts
$30,628Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$5,007Corporate trust and agency accounts
$0Investment management agency accounts
$62,739Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
198Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$491Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$486Fiduciary accounts held in foreign offices

First Morris Bank and Trust in Morris Township, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Morris Bank and Trust - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Total Fiduciary and Related Assets (December 31, 2006)

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

First Morris Bank and Trust in Morris Township, New Jersey (NJ)Overview, Financial Summary, Detailed Financial Reports, Branches

First Morris Bank and Trust - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Total Fiduciary and Related Assets (December 31, 2006)

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

First Morris Bank and Trust in Morris Township, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches