Meridian Bank, New Jersey in Cherry Hill, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 14, 1996

  • Meridian Bank, New Jersey in Cherry Hill, New Jersey (NJ)
  • Show street view No street view available for this location

Meridian Bank, New Jersey - Overview

  • General
  • FDIC Certificate #: 6493
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: New Jersey National Bank (#6500)
    Federal Reserve ID: 738518
    Date Established: November 01, 1926
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 59 (Interstate: No)
    FDIC's unique #: 4341
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 14, 1996
    Last Structure Change Process Date: June 26, 1996
    Last Data Update: June 26, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Haddonfield Road, Cherry Hill, NJ 8002
    County: Camden
    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): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Camden, NJ (#15804)
  • Financial Summary
  • Total assets: $2,230.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $164Total assets
  • $641,014Cash and due from depository institutions
  • $20,200Interest-bearing balances
  • $0Securities
  • $311,404Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $253,534Loan loss allowance
  • $2,171Trading account assets
  • $0Bank premises and fixed assets
  • $7,285Other real estate owned
  • $0Goodwill and other intangibles
  • $11,559Life insurance assets
  • $37,032All other assets
  • $0Total liabilities and capital
  • $641,014Total liabilities
  • $557,169Total deposits
  • $534,316Interest-bearing deposits
  • $470,213Deposits held in domestic offices
  • 534316.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $14,068Trading liabilities
  • $0Other borrowed funds
  • $1,076Subordinated debt
  • $0All other liabilities
  • $7,709Total equity capital
  • $7,709Total bank equity capital
  • $83,845Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $72,547Undivided profits
  • Memoranda
  • $6,298Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,512Income earned, not collected on loans
  • $1,745Earning assets
  • $564,938Long-term assets (5+ years)
  • $156,076Average Assets, year-to-date
  • $645,775Average Assets, quarterly
  • $642,456Volatile liabilities
  • $35,197Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $4,340Unused loan commitments
  • $72,583Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $45,874Total risk weighted assets
  • $353,556Total unused commitments
  • $0Restructured Loans and leases
  • $185Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $40,503Total interest expense
  • $18,572Net interest income
  • $21,931Provision for loan and lease losses
  • $630Total noninterest income
  • $5,874Fiduciary activities
  • $355Service charges on deposit accounts
  • $3,190Trading account gains & fees
  • $0Additional noninterest income
  • $2,329Total noninterest expense
  • $23,101Salaries and employee benefits
  • $6,945Premises and equipment expense
  • $2,941Additional noninterest expense
  • $13,215Pre-tax net operating income
  • $4,074Securities gains (losses)
  • -$192Applicable income taxes
  • $1,413Income before extraordinary items
  • $2,469Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,469Net charge-offs
  • $1,215Cash dividends
  • $840Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.10%Cost of funding earning assets
  • 3.26%Net interest margin
  • 3.84%Noninterest income to earning assets
  • 1.03%Noninterest expense to earning assets
  • 4.05%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 0.60%Return on equity (ROE)
  • 3.01%Retained earnings to average equity (YTD only)
  • 1.99%Net charge-offs to loans
  • 0.61%Credit loss provision to net charge-offs
  • 51.85%Efficiency ratio
  • 69,225Assets per employee
  • 3.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.02%Loss allowance to loans
  • 0.85%Loss allowance to noncurrent loans
  • 143.58%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 47.45%Net loans and leases to core deposits
  • 49.30%Equity capital to assets
  • 13.08%Core capital (leverage) ratio
  • 7.63%Tier 1 risk-based capital ratio
  • 12.98%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $645,775Average earning assets
  • $81,899Average equity
  • $570,475Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Meridian Bank, New Jersey.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents