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

This bank is inactive as of Febuary 10, 2007

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

  • General
  • FDIC Certificate #: 32725
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fulton Bank of New Jersey (#27614)
    Federal Reserve ID: 1412598
    Date Established: November 30, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Interstate: No)
    OTS Docket #: 10736
    FDIC's unique #: 45588
    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: November 30, 1989
    Last Structure Change Effective Date: Febuary 10, 2007
    Last Structure Change Process Date: March 01, 2007
    Last Data Update: March 01, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: Route 130, Windsor, NJ 8561
    County: Mercer
    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): Trenton, NJ (#8480)
    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): Trenton-Ewing, NJ (#45940)
    CBSA Metro Statistical Area: Trenton-Ewing, NJ (#45940)
  • Financial Summary
  • Total assets: $590.9 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
  • 116Total employees (full-time equivalent)
  • $590,943Total assets
  • $8,460Cash and due from depository institutions
  • $400Interest-bearing balances
  • $202,552Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $273,891Net loans & leases
  • $3,256Loan loss allowance
  • $0Trading account assets
  • $11,077Bank premises and fixed assets
  • $0Other real estate owned
  • $89,627Goodwill and other intangibles
  • $1,054Life insurance assets
  • $5,336All other assets
  • $590,943Total liabilities and capital
  • $471,978Total liabilities
  • $428,464Total deposits
  • $362,497Interest-bearing deposits
  • $428,464Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $34,069Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,594Other borrowed funds
  • $0Subordinated debt
  • $4,851All other liabilities
  • $118,965Total equity capital
  • $118,965Total bank equity capital
  • $118,965Perpetual preferred stock
  • $0Common stock
  • $5,821Surplus
  • $119,274Undivided profits
  • Memoranda
  • $-6,130Noncurrent loans and leases
  • $37,153Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,606Earning assets
  • $0Long-term assets (5+ years)
  • $2,853Average Assets, year-to-date
  • $476,843Average Assets, quarterly
  • $126,067Volatile liabilities
  • $585,710Insider loans
  • $591,788FHLB advances
  • $70,990Loans and leases held for sale
  • $11,286Unused loan commitments
  • $4,022Tier 1 (core) risk-based capital
  • $3,967Tier 2 risk-based capital
  • $1,187Total risk weighted assets
  • $37,153Total unused commitments
  • $0Restructured Loans and leases
  • $3,256Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $29,472Total interest income
  • $13,781Total interest expense
  • $15,691Net interest income
  • $0Provision for loan and lease losses
  • $2,633Total noninterest income
  • $0Fiduciary activities
  • $965Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,668Additional noninterest income
  • $12,063Total noninterest expense
  • $4,842Salaries and employee benefits
  • $1,953Premises and equipment expense
  • $5,268Additional noninterest expense
  • $6,261Pre-tax net operating income
  • $4Securities gains (losses)
  • $1,534Applicable income taxes
  • $4,731Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,731Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $193Sale, conversion, retirement of capital stock, net
  • $4,150Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.28%Yield on earning assets
  • 2.94%Cost of funding earning assets
  • 3.34%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 4.01%Return on equity (ROE)
  • 0.49%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 32.44%Efficiency ratio
  • 61,591Assets per employee
  • 5.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.72%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 202.74%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 63.92%Net loans and leases to core deposits
  • 69.32%Equity capital to assets
  • 20.13%Core capital (leverage) ratio
  • 6.48%Tier 1 risk-based capital ratio
  • 10.42%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $585,710Average earning assets
  • $117,900Average equity
  • $469,447Average loans

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