Indus American Bank in Iselin, New Jersey (NJ), NY

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Indus American Bank routing number info

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Indus American Bank
GeneralFDIC Certificate #: 57983
Status: Active
Federal Reserve ID: 3369959
Bank Holding Company (Regulatory Top Holder): Ia Bancorp, Inc. (RSSDID: 3370012, Location: Iselin, NJ)
Date Established: December 12, 2005
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: Yes)
FDIC's unique #: 433038
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: December 12, 2005
Last Structure Change Effective Date: December 15, 2011
Last Structure Change Process Date: December 19, 2011
Last Data Update: December 19, 2011
Data Source Date: April 05, 2012
LocationAddress: 1536 Oak Tree Road, Iselin, NJ 8830
County: Middlesex
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): Middlesex-Somerset-Hunterdon, NJ (#5015)
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 SummaryTotal assets: $206.4 mil
Equity capital: $16.2 mil
Deposits held in domestic offices: $157.9 mil
Return on assets (ROA): -0.68% (-$1.4 mil)
Quarterly return on assets: -2.13% (-$4.4 mil)
Return on Equity (ROE): -8.36% (-$1.3 mil)
Quarterly return on equity: -26.91% (-$4.3 mil)
Net income: -$1.4 mil
Quarterly Net income: -$1.1 mil
Pretax return on assets: -0.66% (-$1,362.5 mil)
Quarterly Pretax return on assets: -2.13% (-$4,397.2 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)
Total employees (full-time equivalent)48
Total assets$206,440
Cash and due from depository institutions$10,289
Interest-bearing balances$9,093
Federal funds sold & reverse repurchase agreements$7,473
Net loans & leases$158,284
Loan loss allowance $4,043
Trading account assets$0
Bank premises and fixed assets$1,598
Other real estate owned$0
Goodwill and other intangibles$447
All other assets$3,059
Life insurance assets$206,440
Total liabilities and capital$190,273
Total liabilities$157,912
Total deposits$143,282
Interest-bearing deposits$157,912
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$31,784
Other borrowed funds $0
Subordinated debt $577
All other liabilities $16,167
Total equity capital$16,167
Total bank equity capital$16,167
Perpetual preferred stock$0
Common stock$2,301
Undivided profits $-9,781
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $4,233
Income earned, not collected on loans $9,697
Earning assets $0
Long-term assets (5+ years) $866
Average Assets, year-to-date $200,140
Average Assets, quarterly $103,194
Volatile liabilities $210,498
Insider loans $208,930
FHLB advances $156,923
Loans and leases held for sale $204,734
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,643
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,559
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,470
Total interest expense $3,381
Net interest income $8,089
Provision for loan and lease losses $3,213
Total noninterest income $2,106
Fiduciary activities $0
Service charges on deposit accounts $187
Trading account gains & fees $0
Additional noninterest income $1,919
Total noninterest expense $8,206
Salaries and employee benefits $4,026
Premises and equipment expense $1,353
Additional noninterest expense $2,827
Pre-tax net operating income -$1,224
Securities gains (losses) -$169
Applicable income taxes $37
Income before extraordinary items -$1,430
Extraordinary gains - net $0
Net income attributable to bank -$1,430
Net charge-offs $0
Cash dividends -$1,430
Sale, conversion, retirement of capital stock, net $2,698
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.63%
Cost of funding earning assets 1.66%
Net interest margin 3.97%
Noninterest income to earning assets 1.03%
Noninterest expense to earning assets 4.03%
Net operating income to assets -0.60%
Return on assets (ROA) -0.68%
Pretax return on assets -0.66%
Return on equity (ROE) -8.36%
Retained earnings to average equity (YTD only) -8.36%
Net charge-offs to loans 1.62%
Credit loss provision to net charge-offs 119.09%
Efficiency ratio0.74%
Assets per employee$80,490
Cash dividends to net income (YTD only)4.30%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.49%
Noncurrent assets plus other real estate owned to assets 41.69%
Noncurrent loans to loans 4.70%
Net loans and leases to deposits5.97%
Net loans and leases to core deposits 100.24%
Equity capital to assets 109.15%
Core capital (leverage) ratio 7.83%
Tier 1 risk-based capital ratio 7.64%
Total risk-based capital ratio 9.97%
Average assets$11
Average earning assets$210,498
Average equity $17,107
Average loans $203,851
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3 New Jersey Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0433038Indus American Bank1536 Oak Tree Road, Iselin, NJ 8830December 12, 2005Full Service Brick and Mortar
1455801Parsippany Supermarket Branch1157 Route 46 East, Parsippany, NJ 7054October 12, 2006Full Service Retail
3468921Jersey City Branch781 Newark Avenue, Jersey City, NJ 7306October 15, 2007Full Service Brick and Mortar
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1 New York Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
4484691Hicksville Branch70 Broadway, Hicksville, NY 11801December 08, 2008Full Service Retail
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