Lakeland Bank in Newfoundland, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Lakeland Bank in Newfoundland, New Jersey (NJ)
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Lakeland Bank - Overview

  • General
  • FDIC Certificate #: 19953
    Status: Active
    Federal Reserve ID: 687009
    Bank Holding Company (Regulatory Top Holder): Lakeland Bancorp, Inc. (RSSDID: 1404799, Location: Oak Ridge, NJ)
    Date Established: May 19, 1969
    WWW: http://www.lakelandbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 48 (Domestic: 48, Interstate: No)
    FDIC's unique #: 13703
    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: May 19, 1969
    Last Structure Change Effective Date: August 05, 2009
    Last Structure Change Process Date: August 05, 2009
    Last Data Update: August 05, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2717 Route 23 South, Newfoundland, NJ 7435
    County: Passaic
    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: $2,820.0 mil
    Equity capital: $317.4 mil
    Deposits held in domestic offices: $2,260.3 mil
    Return on assets (ROA): 0.86% ($24.3 mil)
    Quarterly return on assets: 0.87% ($24.5 mil)
    Return on Equity (ROE): 7.59% ($24.1 mil)
    Quarterly return on equity: 7.70% ($24.4 mil)
    Net income: $23.7 mil
    Quarterly Net income: $6.1 mil
    Pretax return on assets: 1.24% ($34,967.8 mil)
    Quarterly Pretax return on assets: 1.27% ($35,813.8 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, 2011)

  • Dollar figures in thousands
  • 527Total employees (full-time equivalent)
  • $2,819,987Total assets
  • $72,558Cash and due from depository institutions
  • $11,870Interest-bearing balances
  • $533,274Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,013,159Net loans & leases
  • $28,416Loan loss allowance
  • $0Trading account assets
  • $27,917Bank premises and fixed assets
  • $946Other real estate owned
  • $86,740Goodwill and other intangibles
  • $2,819,987Life insurance assets
  • $85,393All other assets
  • $2,502,622Total liabilities and capital
  • $2,260,334Total liabilities
  • $1,797,423Total deposits
  • $2,260,334Interest-bearing deposits
  • $57Deposits held in domestic offices
  • 132131.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $95,000Trading liabilities
  • $0Other borrowed funds
  • $15,157Subordinated debt
  • $317,365All other liabilities
  • $317,365Total equity capital
  • $317,365Total bank equity capital
  • $0Perpetual preferred stock
  • $4,265Common stock
  • $220,716Surplus
  • $92,384Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $50,387Income earned, not collected on loans
  • $0Earning assets
  • $8,369Long-term assets (5+ years)
  • $2,558,303Average Assets, year-to-date
  • $1,348,743Average Assets, quarterly
  • $2,764,815Volatile liabilities
  • $2,778,087Insider loans
  • $2,010,835FHLB advances
  • $2,713,214Loans and leases held for sale
  • $44,759Unused loan commitments
  • $27,915Tier 1 (core) risk-based capital
  • $227,872Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,844Total unused commitments
  • $436,762Restructured Loans and leases
  • $35,864Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $117,425Total interest income
  • $15,668Total interest expense
  • $101,757Net interest income
  • $18,816Provision for loan and lease losses
  • $16,757Total noninterest income
  • $0Fiduciary activities
  • $10,262Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,495Additional noninterest income
  • $66,518Total noninterest expense
  • $35,873Salaries and employee benefits
  • $11,611Premises and equipment expense
  • $19,034Additional noninterest expense
  • $33,180Pre-tax net operating income
  • $1,231Securities gains (losses)
  • $10,671Applicable income taxes
  • $23,740Income before extraordinary items
  • $0Extraordinary gains - net
  • $23,740Net income attributable to bank
  • $0Net charge-offs
  • $23,740Cash dividends
  • $17,731Sale, conversion, retirement of capital stock, net
  • $31,845Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 7.59%Return on equity (ROE)
  • -2.59%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 106.12%Credit loss provision to net charge-offs
  • 2.93%Efficiency ratio
  • 55,640Assets per employee
  • 5.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 134.14%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 56.40%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 2.47%Net loans and leases to deposits
  • 89.06%Net loans and leases to core deposits
  • 92.46%Equity capital to assets
  • 11.25%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 11.33%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,764,815Average earning assets
  • $312,884Average equity
  • $2,517,701Average loans

List of branches

  • 48 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013703Lakeland Bank2717 Route 23 South, Newfoundland, NJ 7435May 19, 1969Full Service Brick and Mortar
    1250019Hewitt Branch1943 Union Valley Road, Hewitt, NJ 7421November 30, 1970Full Service Brick and Mortar
    2250020Wanaque Branch103 Ringwood Avenue, Wanaque, NJ 7465January 20, 1973Full Service Brick and Mortar
    3250021Butler Branch1410 Route 23 North, Butler, NJ 7405May 21, 1974Full Service Brick and Mortar
    4250022Milton Branch5729 Berkshire Valley Road, Oak Ridge, NJ 7438November 12, 1976Full Service Brick and Mortar
    5247608Wantage Branch205 State Route 23, Sussex, NJ 7461October 27, 1964Full Service Brick and Mortar
    7250023Bloomingdale Branch28 Main Street, Bloomingdale, NJ 7403May 28, 1985Full Service Brick and Mortar
    8250024Sparta Branch117 Sparta Avenue, Sparta, NJ 7871August 28, 1989Full Service Brick and Mortar
    10250026West Milford Branch1527 Union Valley Road, West Milford, NJ 7480October 06, 1992Full Service Brick and Mortar
    11250027Wharton Branch350 North Main Street, Wharton Mall, Wharton, NJ 7885December 04, 1995Full Service Brick and Mortar
    12250028Carey Avenue Branch6 Carey Avenue, Butler, NJ 7405March 03, 1997Full Service Brick and Mortar
    13250029Ringwood Branch45 Skyline Drive, Ringwood, NJ 7456March 09, 1998Full Service Brick and Mortar
    14250030Wyckoff Branch652 Wyckoff Avenue, Wyckoff, NJ 7481June 29, 1998Full Service Brick and Mortar
    15250031Byram Branch80 U.S. Highway 206, Stanhope, NJ 7874August 07, 1998Full Service Brick and Mortar
    1639359Montville Branch166 Changebridge Road, Montville, NJ 7045June 04, 1988Full Service Brick and Mortar
    18360336Pompton Plains Branch901 Route 23 South, Pequannock, NJ 7440June 02, 2001Full Service Brick and Mortar
    20360516Little Falls Branch86-88 Main Street, Little Falls, NJ 7424June 16, 2001Full Service Brick and Mortar
    214260Branchville Downtown3 Broad Street, Branchville, NJ 7826December 07, 1933Full Service Brick and Mortar
    23209395Stillwater Branch902 Main Street, Stillwater Township, NJ 7875July 18, 1970Full Service Brick and Mortar
    24209396Sussex /wantage Branch455 Route 23 North, Wantage Township, NJ 7461November 01, 1975Full Service Brick and Mortar
    25209397Andover Township Branch615 Route 206 N, Andover, NJ 7821October 01, 1977Full Service Brick and Mortar
    26209516Lafayette Branch37 Route 15, Lafayette Township, NJ 7848May 01, 1971Full Service Brick and Mortar
    2713025Sparta Downtown Branch48 Sparta Avenue, Sparta, NJ 7871August 24, 1964Full Service Brick and Mortar
    28209398Vernon Branch529 Route 515, Vernon, NJ 7462November 15, 1985Full Service Brick and Mortar
    29209399Franklin Branch25 Route 23, Franklin, NJ 7416October 17, 1988Full Service Brick and Mortar
    30209400Hampton Branch11 Hampton House Road, Newton, NJ 7860September 27, 1999Full Service Brick and Mortar
    31361262Bristol Glen200 Bristol Glen Drive, Newton, NJ 7860April 03, 2001Full Service Brick and Mortar
    33362119Cedar Crest Village BranchOne Cedar Crest Village Drive, Pompton Plains, NJ 7444September 26, 2001Full Service Brick and Mortar
    34419748Boonton Branch321 W Main Street, Boonton, NJ 7005August 12, 2002Full Service Brick and Mortar
    3557125Teaneck Branch417 Cedar Lane, Teaneck Township, NJ 7666June 23, 1997Full Service Brick and Mortar
    36290586Hackensack Branch235 Main Street, Hackensack, NJ 7601July 15, 1998Full Service Brick and Mortar
    37356713Park Ridge Branch139 Kinderkamack Road, Park Ridge, NJ 7656June 07, 2000Full Service Brick and Mortar
    38364463Englewood Branch42 N. Dean Street, Englewood, NJ 7631April 17, 2002Full Service Brick and Mortar
    40445533Caldwell Branch49-53 Bloomfield Avenue, Caldwell, NJ 7006October 28, 2005Full Service Brick and Mortar
    419358Park Place Branch30 Park Place, Newton, NJ 7860April 01, 1902Full Service Brick and Mortar
    42232471Stanhope Branch143 Route 183, Stanhope, NJ 7874December 07, 1964Full Service Brick and Mortar
    43232472North Warren Branch1226 State Highway 94, Blairstown, NJ 7825November 04, 1974Full Service Brick and Mortar
    45232474Fredon Branch395 Route 94 North, Fredon Township, NJ 7860November 13, 1984Full Service Brick and Mortar
    46232475Hardyston Branch3617 Route 94, Hamburg, NJ 7419April 06, 1987Full Service Brick and Mortar
    47232476Branchville Branch362 Route 206, Branchville, NJ 7826October 13, 1987Full Service Brick and Mortar
    50463551Morristown Office65 Madison Avenue, Morristown, NJ 7960May 16, 2007Full Service Brick and Mortar
    51464439North Haledon Office892 Belmont Avenue, North Haledon, NJ 7508June 13, 2007Full Service Brick and Mortar
    53466513Carlstadt Branch325 Garden Street, Carlstadt, NJ 7072July 20, 2006Full Service Brick and Mortar
    54466514Woodland Commons Branch1 Cedar Crest Village Drive, Pompton Plains, NJ 7444September 19, 2006Full Service Brick and Mortar
    55485637Wayne Office231 Black Oak Ridge Road, Wayne, NJ 7470November 22, 2008Full Service Brick and Mortar
    56485639Rochelle Park Branch200 West Passaic Street, Rochelle Park, NJ 7662January 13, 2009Full Service Brick and Mortar
    57496115West Caldwell995 Bloomfield Avenue, West Caldwell, NJ 7006October 05, 2009Full Service Brick and Mortar
    58510750Www.Lakelandbank.com BranchHttp://www.Lakelandbank.com, Branchville, NJ 7826March 17, 2010Full Service Cyber

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