Greater Community Bank in Totowa, New Jersey (NJ)

Show street view No street view available for this location
Table of contents:
Greater Community Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)197
Total assets$974,605
Cash and due from depository institutions$21,652
Interest-bearing balances$4,851
Federal funds sold & reverse repurchase agreements$7,640
Net loans & leases$793,239
Loan loss allowance $11,188
Trading account assets$0
Bank premises and fixed assets$11,075
Other real estate owned$0
Goodwill and other intangibles$11,886
All other assets$35,007
Life insurance assets$15,955
Total liabilities and capital$974,604
Total liabilities$880,650
Total deposits$752,883
Interest-bearing deposits$582,923
Deposits held in domestic offices$752,883
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $4,729
Trading liabilities$0
Other borrowed funds $112,500
Subordinated debt $0
All other liabilities $10,538
Total equity capital$93,954
Total bank equity capital$93,954
Perpetual preferred stock$93,954
Common stock$0
Undivided profits $38,659
Noncurrent loans and leases $53,395
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $159,305
Income earned, not collected on loans $0
Earning assets $1,984
Long-term assets (5+ years) $0
Average Assets, year-to-date $6,352
Average Assets, quarterly $899,836
Volatile liabilities $290,133
Insider loans $967,114
FHLB advances $976,086
Loans and leases held for sale $90,145
Unused loan commitments $25,976
Tier 1 (core) risk-based capital $112,500
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $159,305
Restructured Loans and leases $37
Back to page top, Back to table top

Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $60,880
Total interest expense $27,436
Net interest income $33,444
Provision for loan and lease losses $1,574
Total noninterest income $5,780
Fiduciary activities $0
Service charges on deposit accounts $2,646
Trading account gains & fees $0
Additional noninterest income $3,134
Total noninterest expense $24,462
Salaries and employee benefits $14,523
Premises and equipment expense $3,986
Additional noninterest expense $5,953
Pre-tax net operating income $13,188
Securities gains (losses) $26
Applicable income taxes $3,408
Income before extraordinary items $9,806
Extraordinary gains - net $0
Net income attributable to bank $9,806
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $408
Net operating income $1,800
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.84%
Cost of funding earning assets 3.08%
Net interest margin 3.76%
Noninterest income to earning assets 0.65%
Noninterest expense to earning assets 2.75%
Net operating income to assets 1.01%
Return on assets (ROA) 1.01%
Pretax return on assets 1.37%
Return on equity (ROE) 10.88%
Retained earnings to average equity (YTD only) 8.89%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 385.78%
Efficiency ratio36.18%
Assets per employee$62,314
Cash dividends to net income (YTD only)4.95%
Condition Ratios (%)
Loss allowance to loans 18.36%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 563.91%
Noncurrent loans to loans 0.20%
Net loans and leases to deposits0.25%
Net loans and leases to core deposits 105.36%
Equity capital to assets 116.57%
Core capital (leverage) ratio 9.64%
Tier 1 risk-based capital ratio 8.40%
Total risk-based capital ratio 9.97%
Average assets$11
Average earning assets$967,114
Average equity $90,107
Average loans $889,788
Back to page top, Back to table top

User Contributions:

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 Greater Community 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.