Garden State Bank in Jackson, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 16, 1996

  • Garden State Bank in Jackson, New Jersey (NJ)
  • Show street view No street view available for this location

Garden State Bank - Overview

  • General
  • FDIC Certificate #: 21405
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Summit Bank (#8610)
    Federal Reserve ID: 7018
    Date Established: January 19, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    FDIC's unique #: 14802
    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: January 19, 1974
    Last Structure Change Effective Date: January 16, 1996
    Last Structure Change Process Date: April 18, 1996
    Last Data Update: April 18, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: West County Line Road, Jackson, NJ 8527
    County: Ocean
    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: $311.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $163Total assets
  • $311,795Cash and due from depository institutions
  • $10,965Interest-bearing balances
  • $184Securities
  • $67,292Federal funds sold & reverse repurchase agreements
  • $13,200Net loans & leases
  • $204,802Loan loss allowance
  • $3,984Trading account assets
  • $0Bank premises and fixed assets
  • $7,872Other real estate owned
  • $2,805Goodwill and other intangibles
  • $4,451Life insurance assets
  • $408All other assets
  • $0Total liabilities and capital
  • $311,795Total liabilities
  • $283,166Total deposits
  • $281,940Interest-bearing deposits
  • $240,542Deposits held in domestic offices
  • 281940.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,226Total equity capital
  • $1,226Total bank equity capital
  • $28,629Perpetual preferred stock
  • $0Common stock
  • $3,788Surplus
  • $12,561Undivided profits
  • Memoranda
  • $12,280Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,412Income earned, not collected on loans
  • $1,575Earning assets
  • $285,478Long-term assets (5+ years)
  • $27,477Average Assets, year-to-date
  • $312,734Average Assets, quarterly
  • $312,849Volatile liabilities
  • $14,314Insider loans
  • $2,753FHLB advances
  • $0Loans and leases held for sale
  • $10,877Unused loan commitments
  • $30,977Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $28,532Total risk weighted assets
  • $198,605Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $24,687Total interest expense
  • $9,548Net interest income
  • $15,139Provision for loan and lease losses
  • $87Total noninterest income
  • $3,147Fiduciary activities
  • $687Service charges on deposit accounts
  • $1,496Trading account gains & fees
  • $0Additional noninterest income
  • $964Total noninterest expense
  • $13,417Salaries and employee benefits
  • $6,919Premises and equipment expense
  • $1,965Additional noninterest expense
  • $4,533Pre-tax net operating income
  • $4,782Securities gains (losses)
  • -$1Applicable income taxes
  • $1,535Income before extraordinary items
  • $3,246Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,246Net charge-offs
  • $320Cash dividends
  • $707Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.62%Cost of funding earning assets
  • 3.34%Net interest margin
  • 5.29%Noninterest income to earning assets
  • 1.10%Noninterest expense to earning assets
  • 4.69%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 1.53%Return on equity (ROE)
  • 11.92%Retained earnings to average equity (YTD only)
  • 9.32%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 27.19%Efficiency ratio
  • 72,990Assets per employee
  • 1.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.78%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 90.30%Noncurrent assets plus other real estate owned to assets
  • 2.31%Noncurrent loans to loans
  • 2.11%Net loans and leases to deposits
  • 72.64%Net loans and leases to core deposits
  • 76.53%Equity capital to assets
  • 9.18%Core capital (leverage) ratio
  • 9.17%Tier 1 risk-based capital ratio
  • 14.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $312,734Average earning assets
  • $27,228Average equity
  • $286,253Average 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 Garden State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents