Franklin Bank in Nutley, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 14, 2005

  • Franklin Bank in Nutley, New Jersey (NJ)
  • Show street view No street view available for this location

Franklin Bank - Overview

  • General
  • FDIC Certificate #: 35342
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Interchange Bank (#20038)
    Federal Reserve ID: 2949073
    Date Established: October 19, 2000
    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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Franklin Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents