Indus American Bank in Iselin, New Jersey (NJ), NY
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 48Total employees (full-time equivalent)
  • $206,440Total assets
  • $10,289Cash and due from depository institutions
  • $9,093Interest-bearing balances
  • $25,290Securities
  • $7,473Federal funds sold & reverse repurchase agreements
  • $158,284Net loans & leases
  • $4,043Loan loss allowance
  • $0Trading account assets
  • $1,598Bank premises and fixed assets
  • $0Other real estate owned
  • $447Goodwill and other intangibles
  • $206,440Life insurance assets
  • $3,059All other assets
  • $190,273Total liabilities and capital
  • $157,912Total liabilities
  • $143,282Total deposits
  • $157,912Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $31,784Trading liabilities
  • $0Other borrowed funds
  • $577Subordinated debt
  • $16,167All other liabilities
  • $16,167Total equity capital
  • $16,167Total bank equity capital
  • $0Perpetual preferred stock
  • $2,301Common stock
  • $23,647Surplus
  • $-9,781Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,233Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,697Income earned, not collected on loans
  • $0Earning assets
  • $866Long-term assets (5+ years)
  • $200,140Average Assets, year-to-date
  • $103,194Average Assets, quarterly
  • $210,498Volatile liabilities
  • $208,930Insider loans
  • $156,923FHLB advances
  • $204,734Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,643Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,559Restructured Loans and leases
  • $260Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,470Total interest income
  • $3,381Total interest expense
  • $8,089Net interest income
  • $3,213Provision for loan and lease losses
  • $2,106Total noninterest income
  • $0Fiduciary activities
  • $187Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,919Additional noninterest income
  • $8,206Total noninterest expense
  • $4,026Salaries and employee benefits
  • $1,353Premises and equipment expense
  • $2,827Additional noninterest expense
  • -$1,224Pre-tax net operating income
  • -$169Securities gains (losses)
  • $37Applicable income taxes
  • -$1,430Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,430Net income attributable to bank
  • $0Net charge-offs
  • -$1,430Cash dividends
  • $2,698Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.63%Yield on earning assets
  • 1.66%Cost of funding earning assets
  • 3.97%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 4.03%Noninterest expense to earning assets
  • -0.60%Net operating income to assets
  • -0.68%Return on assets (ROA)
  • -0.66%Pretax return on assets
  • -8.36%Return on equity (ROE)
  • -8.36%Retained earnings to average equity (YTD only)
  • 1.62%Net charge-offs to loans
  • 119.09%Credit loss provision to net charge-offs
  • 0.74%Efficiency ratio
  • 80,490Assets per employee
  • 4.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.49%Loss allowance to noncurrent loans
  • 41.69%Noncurrent assets plus other real estate owned to assets
  • 4.70%Noncurrent loans to loans
  • 5.97%Net loans and leases to deposits
  • 100.24%Net loans and leases to core deposits
  • 109.15%Equity capital to assets
  • 7.83%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 9.97%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $210,498Average earning assets
  • $17,107Average equity
  • $203,851Average loans

List of branches

  • 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
  • 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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