Interchange Bank in Saddle Brook, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2007

  • Interchange Bank in Saddle Brook, New Jersey (NJ)
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Interchange Bank - Overview

  • General
  • FDIC Certificate #: 20038
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 3506
    Date Established: September 20, 1969
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 30 (Interstate: No)
    OTS Docket #: 10608
    FDIC's unique #: 13766
    Numeric code: 13
    Regulator: FED
    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: September 20, 1969
    Last Structure Change Effective Date: January 01, 2007
    Last Structure Change Process Date: March 02, 2007
    Last Data Update: March 02, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 80 West Plaza Two, Saddle Brook, NJ 7663
    County: Bergen
    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 Summary
  • Total assets: $1,566.2 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, 2006)

  • Dollar figures in thousands
  • 287Total employees (full-time equivalent)
  • $1,566,192Total assets
  • $32,234Cash and due from depository institutions
  • $1Interest-bearing balances
  • $253,360Securities
  • $7,000Federal funds sold & reverse repurchase agreements
  • $1,125,454Net loans & leases
  • $11,567Loan loss allowance
  • $0Trading account assets
  • $16,277Bank premises and fixed assets
  • $0Other real estate owned
  • $74,239Goodwill and other intangibles
  • $28,055Life insurance assets
  • $57,628All other assets
  • $1,566,192Total liabilities and capital
  • $1,388,682Total liabilities
  • $1,233,810Total deposits
  • $999,974Interest-bearing deposits
  • $1,233,810Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $11,529Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $110,326Other borrowed funds
  • $0Subordinated debt
  • $33,017All other liabilities
  • $177,510Total equity capital
  • $177,510Total bank equity capital
  • $177,510Perpetual preferred stock
  • $0Common stock
  • $2,879Surplus
  • $80,042Undivided profits
  • Memoranda
  • $94,589Noncurrent loans and leases
  • $313,680Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,088Earning assets
  • $0Long-term assets (5+ years)
  • $7,675Average Assets, year-to-date
  • $1,385,815Average Assets, quarterly
  • $374,333Volatile liabilities
  • $1,627,255Insider loans
  • $1,595,060FHLB advances
  • $90,443Loans and leases held for sale
  • $14,885Unused loan commitments
  • $110,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $313,680Total unused commitments
  • $1,013Restructured Loans and leases
  • $11,587Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $92,525Total interest income
  • $36,591Total interest expense
  • $55,934Net interest income
  • $1,844Provision for loan and lease losses
  • $9,862Total noninterest income
  • $0Fiduciary activities
  • $3,784Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,078Additional noninterest income
  • $58,915Total noninterest expense
  • $34,045Salaries and employee benefits
  • $7,281Premises and equipment expense
  • $17,589Additional noninterest expense
  • $5,037Pre-tax net operating income
  • $147Securities gains (losses)
  • $1,176Applicable income taxes
  • $4,008Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,008Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $923Sale, conversion, retirement of capital stock, net
  • $27,900Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.43%Yield on earning assets
  • 2.54%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 4.10%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.32%Pretax return on assets
  • 2.02%Return on equity (ROE)
  • -12.02%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 199.78%Credit loss provision to net charge-offs
  • 7.46%Efficiency ratio
  • 88,397Assets per employee
  • 5.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 696.11%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 227.34%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 91.22%Net loans and leases to core deposits
  • 95.79%Equity capital to assets
  • 11.33%Core capital (leverage) ratio
  • 6.98%Tier 1 risk-based capital ratio
  • 8.96%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,627,255Average earning assets
  • $198,696Average equity
  • $1,438,629Average loans

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