First State Bank in Howell, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 15, 2000

  • First State Bank in Howell, New Jersey (NJ)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 21753
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SI Bank & Trust (#15986)
    Federal Reserve ID: 556507
    Date Established: September 09, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 15060
    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: September 09, 1974
    Last Structure Change Effective Date: January 15, 2000
    Last Structure Change Process Date: May 02, 2000
    Last Data Update: May 02, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: Route 9 At Salem Hill Road, Howell, NJ 7731
    County: Monmouth
    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)
  • Financial Summary
  • Total assets: $372.1 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 84Total employees (full-time equivalent)
  • $372,092Total assets
  • $11,281Cash and due from depository institutions
  • $1,286Interest-bearing balances
  • $232,109Securities
  • $23,000Federal funds sold & reverse repurchase agreements
  • $92,987Net loans & leases
  • $847Loan loss allowance
  • $0Trading account assets
  • $3,551Bank premises and fixed assets
  • $868Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $8,296All other assets
  • $372,092Total liabilities and capital
  • $328,067Total liabilities
  • $323,434Total deposits
  • $282,858Interest-bearing deposits
  • $323,434Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $4,633All other liabilities
  • $44,025Total equity capital
  • $44,025Total bank equity capital
  • $44,025Perpetual preferred stock
  • $0Common stock
  • $2,200Surplus
  • $2,066Undivided profits
  • Memoranda
  • $39,759Noncurrent loans and leases
  • $22,198Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,652Earning assets
  • $0Long-term assets (5+ years)
  • $642Average Assets, year-to-date
  • $349,382Average Assets, quarterly
  • $62,024Volatile liabilities
  • $357,432Insider loans
  • $367,751FHLB advances
  • $35,028Loans and leases held for sale
  • $2,074Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,198Total unused commitments
  • $0Restructured Loans and leases
  • $865Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $23,512Total interest income
  • $12,898Total interest expense
  • $10,614Net interest income
  • -$2,658Provision for loan and lease losses
  • $975Total noninterest income
  • $0Fiduciary activities
  • $688Service charges on deposit accounts
  • $0Trading account gains & fees
  • $287Additional noninterest income
  • $4,552Total noninterest expense
  • $2,677Salaries and employee benefits
  • $657Premises and equipment expense
  • $1,218Additional noninterest expense
  • $9,695Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,330Applicable income taxes
  • $6,365Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,365Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$5Sale, conversion, retirement of capital stock, net
  • $873Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.93%Yield on earning assets
  • 3.80%Cost of funding earning assets
  • 3.13%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 1.34%Noninterest expense to earning assets
  • 1.78%Net operating income to assets
  • 1.78%Return on assets (ROA)
  • 2.71%Pretax return on assets
  • 15.61%Return on equity (ROE)
  • 13.47%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 53160.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 39,279Assets per employee
  • 4.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.72%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 51.27%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 28.75%Net loans and leases to core deposits
  • 32.24%Equity capital to assets
  • 11.83%Core capital (leverage) ratio
  • 12.15%Tier 1 risk-based capital ratio
  • 29.11%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $357,432Average earning assets
  • $40,766Average equity
  • $339,507Average loans

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