FDIC Certificate #: 35342 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Interchange Bank (#20038) Federal Reserve ID: 2949073 Date Established: October 19, 2000 WWW:http://www.franklinbanknj.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 78249 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: October 19, 2000 Last Structure Change Effective Date: October 14, 2005 Last Structure Change Process Date: December 21, 2005 Last Data Update: December 21, 2005 Data Source Date: April 05, 2012
Location
Address: 277 Franklin Avenue, Nutley, NJ 7110 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: $87.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2004)
Dollar figures in thousands
14Total employees (full-time equivalent)
$78,906Total assets
$1,576Cash and due from depository institutions
$0Interest-bearing balances
$5,187Securities
$5,287Federal funds sold & reverse repurchase agreements
$64,976Net loans & leases
$759Loan loss allowance
$0Trading account assets
$1,343Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$537All other assets
$78,906Total liabilities and capital
$68,807Total liabilities
$68,164Total deposits
$56,215Interest-bearing deposits
$68,164Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$339Other borrowed funds
$0Subordinated debt
$304All other liabilities
$10,099Total equity capital
$10,099Total bank equity capital
$10,099Perpetual preferred stock
$0Common stock
$5,396Surplus
$5,379Undivided profits
Memoranda
$-676Noncurrent loans and leases
$21,119Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$167Average Assets, year-to-date
$75,450Average Assets, quarterly
$7,996Volatile liabilities
$73,343Insider loans
$80,056FHLB advances
$5,132Loans and leases held for sale
$3,561Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,119Total unused commitments
$0Restructured Loans and leases
$759Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$3,784Total interest income
$710Total interest expense
$3,074Net interest income
$225Provision for loan and lease losses
$60Total noninterest income
$0Fiduciary activities
$51Service charges on deposit accounts
$0Trading account gains & fees
$9Additional noninterest income
$1,899Total noninterest expense
$899Salaries and employee benefits
$268Premises and equipment expense
$732Additional noninterest expense
$1,010Pre-tax net operating income
$0Securities gains (losses)
-$135Applicable income taxes
$1,145Income before extraordinary items
$0Extraordinary gains - net
$1,145Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.45%Yield on earning assets
1.02%Cost of funding earning assets
4.43%Net interest margin
0.09%Noninterest income to earning assets
2.74%Noninterest expense to earning assets
1.56%Net operating income to assets
1.56%Return on assets (ROA)
1.38%Pretax return on assets
14.21%Return on equity (ROE)
14.21%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,593Assets per employee
5.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
95.32%Net loans and leases to core deposits
103.08%Equity capital to assets
12.80%Core capital (leverage) ratio
12.42%Tier 1 risk-based capital ratio
15.03%Total risk-based capital ratio
Memoranda
$16Average assets
$73,343Average earning assets
$8,055Average equity
$69,424Average loans
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