Inter-Community Bank in Springfield, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 20, 1993

  • Inter-Community Bank in Springfield, New Jersey (NJ)
  • Show street view No street view available for this location

Inter-Community Bank - Overview

  • General
  • FDIC Certificate #: 21658
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: New Jersey National Bank (#6500)
    Federal Reserve ID: 825502
    Date Established: June 28, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 14987
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 28, 1974
    Last Structure Change Effective Date: December 20, 1993
    Last Structure Change Process Date: December 30, 1993
    Last Data Update: December 30, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: Mountain Avenue And Route 22, Springfield, NJ 7081
    County: Union
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $121.2 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $55Total assets
  • $129,222Cash and due from depository institutions
  • $7,138Interest-bearing balances
  • $94Securities
  • $39,216Federal funds sold & reverse repurchase agreements
  • $1,200Net loans & leases
  • $73,373Loan loss allowance
  • $1,500Trading account assets
  • $0Bank premises and fixed assets
  • $1,980Other real estate owned
  • $3,832Goodwill and other intangibles
  • $2,483Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $129,222Total liabilities
  • $121,084Total deposits
  • $119,852Interest-bearing deposits
  • $94,406Deposits held in domestic offices
  • 119852.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $748Subordinated debt
  • $0All other liabilities
  • $484Total equity capital
  • $484Total bank equity capital
  • $8,138Perpetual preferred stock
  • $0Common stock
  • $1,541Surplus
  • $3,051Undivided profits
  • Memoranda
  • $3,546Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,753Income earned, not collected on loans
  • $554Earning assets
  • $113,883Long-term assets (5+ years)
  • $35,068Average Assets, year-to-date
  • $129,680Average Assets, quarterly
  • $129,667Volatile liabilities
  • $18,012Insider loans
  • $4,710FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,719Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,138Total risk weighted assets
  • $82,909Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,229Total interest expense
  • $4,075Net interest income
  • $5,154Provision for loan and lease losses
  • $1,441Total noninterest income
  • $792Fiduciary activities
  • $0Service charges on deposit accounts
  • $563Trading account gains & fees
  • $0Additional noninterest income
  • $229Total noninterest expense
  • $4,563Salaries and employee benefits
  • $1,923Premises and equipment expense
  • $1,027Additional noninterest expense
  • $1,613Pre-tax net operating income
  • -$58Securities gains (losses)
  • $52Applicable income taxes
  • $25Income before extraordinary items
  • -$30Extraordinary gains - net
  • $307Net income attributable to bank
  • $276Net charge-offs
  • $1,942Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.87%Cost of funding earning assets
  • 3.48%Net interest margin
  • 4.40%Noninterest income to earning assets
  • 0.68%Noninterest expense to earning assets
  • 3.89%Net operating income to assets
  • -0.06%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 0.23%Return on equity (ROE)
  • 3.74%Retained earnings to average equity (YTD only)
  • 3.74%Net charge-offs to loans
  • 2.58%Credit loss provision to net charge-offs
  • 74.20%Efficiency ratio
  • 76,741Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 85.57%Noncurrent assets plus other real estate owned to assets
  • 4.83%Noncurrent loans to loans
  • 2.34%Net loans and leases to deposits
  • 61.22%Net loans and leases to core deposits
  • 71.61%Equity capital to assets
  • 6.30%Core capital (leverage) ratio
  • 6.33%Tier 1 risk-based capital ratio
  • 9.82%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $129,680Average earning assets
  • $7,377Average equity
  • $117,225Average loans

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