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


Harmony Bank - Overview

  • General
  • FDIC Certificate #: 58713
    Status: Active
    Federal Reserve ID: 3814673
    Date Established: September 02, 2008
    WWW: http://www.myharmonybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 463482
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 02, 2008
    Last Structure Change Effective Date: September 02, 2008
    Last Structure Change Process Date: September 25, 2008
    Last Data Update: September 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2120 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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $122.9 mil
    Equity capital: $16.0 mil
    Deposits held in domestic offices: $106.5 mil
    Return on assets (ROA): 0.32% ($0.4 mil)
    Quarterly return on assets: 0.66% ($0.8 mil)
    Return on Equity (ROE): 2.46% ($0.4 mil)
    Quarterly return on equity: 4.96% ($0.8 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.32% ($393.3 mil)
    Quarterly Pretax return on assets: 0.67% ($823.5 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, 2011)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $122,915Total assets
  • $3,464Cash and due from depository institutions
  • $1,590Interest-bearing balances
  • $11,336Securities
  • $10,469Federal funds sold & reverse repurchase agreements
  • $93,268Net loans & leases
  • $1,184Loan loss allowance
  • $0Trading account assets
  • $3,634Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $122,915Life insurance assets
  • $744All other assets
  • $106,933Total liabilities and capital
  • $106,464Total liabilities
  • $96,728Total deposits
  • $106,464Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $469Subordinated debt
  • $15,982All other liabilities
  • $15,982Total equity capital
  • $15,982Total bank equity capital
  • $3,500Perpetual preferred stock
  • $7,543Common stock
  • $7,859Surplus
  • $-2,920Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $362Income earned, not collected on loans
  • $0Earning assets
  • $429Long-term assets (5+ years)
  • $116,663Average Assets, year-to-date
  • $50,203Average Assets, quarterly
  • $104,902Volatile liabilities
  • $119,306Insider loans
  • $103,598FHLB advances
  • $120,240Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,905Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,819Restructured Loans and leases
  • $1,246Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,968Total interest income
  • $1,049Total interest expense
  • $3,919Net interest income
  • $278Provision for loan and lease losses
  • $95Total noninterest income
  • $0Fiduciary activities
  • $88Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7Additional noninterest income
  • $3,399Total noninterest expense
  • $1,735Salaries and employee benefits
  • $690Premises and equipment expense
  • $974Additional noninterest expense
  • $337Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $335Income before extraordinary items
  • $0Extraordinary gains - net
  • $335Net income attributable to bank
  • $0Net charge-offs
  • $335Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $10Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.32%Pretax return on assets
  • 2.46%Return on equity (ROE)
  • 2.39%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
  • 84,679Assets per employee
  • 5.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2.99%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 327.07%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 87.61%Net loans and leases to core deposits
  • 89.12%Equity capital to assets
  • 13.00%Core capital (leverage) ratio
  • 13.23%Tier 1 risk-based capital ratio
  • 15.35%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $104,902Average earning assets
  • $13,590Average equity
  • $98,421Average loans

List of branches

  • 2 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463482Harmony Bank2120 West County Line Road, Jackson, NJ 8527September 02, 2008Full Service Brick and Mortar
    1514298Lakewood Branch500 River Avenue, Lakewood, NJ 8701November 10, 2010Full Service Brick and Mortar

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