Greater Community Bank in Totowa, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2008

  • Greater Community Bank in Totowa, New Jersey (NJ)
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Greater Community Bank - Overview

  • General
  • FDIC Certificate #: 26480
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 367208
    Date Established: January 11, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Interstate: No)
    OTS Docket #: 13196
    FDIC's unique #: 33146
    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: January 11, 1986
    Last Structure Change Effective Date: July 01, 2008
    Last Structure Change Process Date: August 13, 2008
    Last Data Update: August 13, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 Union Boulevard, Totowa, NJ 7512
    County: Passaic
    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): Bergen-Passaic, NJ (#875)
    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: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $961.6 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, 2007)

  • Dollar figures in thousands
  • 197Total employees (full-time equivalent)
  • $974,605Total assets
  • $21,652Cash and due from depository institutions
  • $4,851Interest-bearing balances
  • $94,106Securities
  • $7,640Federal funds sold & reverse repurchase agreements
  • $793,239Net loans & leases
  • $11,188Loan loss allowance
  • $0Trading account assets
  • $11,075Bank premises and fixed assets
  • $0Other real estate owned
  • $11,886Goodwill and other intangibles
  • $15,955Life insurance assets
  • $35,007All other assets
  • $974,604Total liabilities and capital
  • $880,650Total liabilities
  • $752,883Total deposits
  • $582,923Interest-bearing deposits
  • $752,883Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,729Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $112,500Other borrowed funds
  • $0Subordinated debt
  • $10,538All other liabilities
  • $93,954Total equity capital
  • $93,954Total bank equity capital
  • $93,954Perpetual preferred stock
  • $0Common stock
  • $1,900Surplus
  • $38,659Undivided profits
  • Memoranda
  • $53,395Noncurrent loans and leases
  • $159,305Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,984Earning assets
  • $0Long-term assets (5+ years)
  • $6,352Average Assets, year-to-date
  • $899,836Average Assets, quarterly
  • $290,133Volatile liabilities
  • $967,114Insider loans
  • $976,086FHLB advances
  • $90,145Loans and leases held for sale
  • $25,976Unused loan commitments
  • $112,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $159,305Total unused commitments
  • $37Restructured Loans and leases
  • $10,320Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $60,880Total interest income
  • $27,436Total interest expense
  • $33,444Net interest income
  • $1,574Provision for loan and lease losses
  • $5,780Total noninterest income
  • $0Fiduciary activities
  • $2,646Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,134Additional noninterest income
  • $24,462Total noninterest expense
  • $14,523Salaries and employee benefits
  • $3,986Premises and equipment expense
  • $5,953Additional noninterest expense
  • $13,188Pre-tax net operating income
  • $26Securities gains (losses)
  • $3,408Applicable income taxes
  • $9,806Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,806Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $408Sale, conversion, retirement of capital stock, net
  • $1,800Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.84%Yield on earning assets
  • 3.08%Cost of funding earning assets
  • 3.76%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 10.88%Return on equity (ROE)
  • 8.89%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 385.78%Credit loss provision to net charge-offs
  • 36.18%Efficiency ratio
  • 62,314Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.36%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 563.91%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 105.36%Net loans and leases to core deposits
  • 116.57%Equity capital to assets
  • 9.64%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 9.97%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $967,114Average earning assets
  • $90,107Average equity
  • $889,788Average loans

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