Metlife Bank, National Association in Convent Station, New Jersey (NJ), RI
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Metlife Bank, National Association in Convent Station, New Jersey (NJ), RI
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Metlife Bank, National Association - Overview

  • General
  • FDIC Certificate #: 35055
    Status: Active
    Federal Reserve ID: 2777650
    Bank Holding Company (Regulatory Top Holder): Metlife, Inc. (RSSDID: 2945824, Location: New York, NY)
    Date Established: Febuary 23, 1999
    WWW: http://www.metlifebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: Yes)
    FDIC's unique #: 74359
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: Febuary 23, 1999
    Last Structure Change Effective Date: Febuary 14, 2011
    Last Structure Change Process Date: March 09, 2011
    Last Data Update: March 09, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 334 Madison Avenue, Convent Station, NJ 7961
    County: Somerset
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $25,513.6 mil
    Equity capital: $1,461.4 mil
    Deposits held in domestic offices: $10,507.5 mil
    Return on assets (ROA): -0.93% (-$237.3 mil)
    Quarterly return on assets: -2.09% (-$533.2 mil)
    Return on Equity (ROE): -12.98% (-$189.6 mil)
    Quarterly return on equity: -32.70% (-$477.7 mil)
    Net income: -$170.6 mil
    Quarterly Net income: -$112.5 mil
    Pretax return on assets: -1.53% (-$390,358.4 mil)
    Quarterly Pretax return on assets: -3.40% (-$867,463.1 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
  • 5,621Total employees (full-time equivalent)
  • $25,513,620Total assets
  • $183,255Cash and due from depository institutions
  • $161,085Interest-bearing balances
  • $5,722,748Securities
  • $205Federal funds sold & reverse repurchase agreements
  • $17,950,713Net loans & leases
  • $1,052Loan loss allowance
  • $0Trading account assets
  • $31,339Bank premises and fixed assets
  • $64,340Other real estate owned
  • $669,007Goodwill and other intangibles
  • $25,513,620Life insurance assets
  • $892,013All other assets
  • $24,052,259Total liabilities and capital
  • $10,507,520Total liabilities
  • $9,060,994Total deposits
  • $10,507,520Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,390,747Trading liabilities
  • $0Other borrowed funds
  • $1,153,992Subordinated debt
  • $1,461,361All other liabilities
  • $1,461,361Total equity capital
  • $1,461,361Total bank equity capital
  • $300,000Perpetual preferred stock
  • $800Common stock
  • $815,135Surplus
  • $345,426Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $17,915,126Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $987,014Income earned, not collected on loans
  • $901,915Earning assets
  • $78,357Long-term assets (5+ years)
  • $23,834,751Average Assets, year-to-date
  • $7,547,105Average Assets, quarterly
  • $18,309,608Volatile liabilities
  • $21,581,918Insider loans
  • $10,617,638FHLB advances
  • $25,265,473Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,331,629Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,843,737Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $795,924Total interest income
  • $477,678Total interest expense
  • $318,246Net interest income
  • $580Provision for loan and lease losses
  • $715,266Total noninterest income
  • $0Fiduciary activities
  • $214Service charges on deposit accounts
  • $0Trading account gains & fees
  • $715,052Additional noninterest income
  • $1,146,979Total noninterest expense
  • $570,622Salaries and employee benefits
  • $60,972Premises and equipment expense
  • $515,385Additional noninterest expense
  • -$114,047Pre-tax net operating income
  • -$165,701Securities gains (losses)
  • -$109,168Applicable income taxes
  • -$170,580Income before extraordinary items
  • $0Extraordinary gains - net
  • -$170,580Net income attributable to bank
  • $0Net charge-offs
  • -$170,580Cash dividends
  • $45,397Sale, conversion, retirement of capital stock, net
  • $1,375Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 2.89%Cost of funding earning assets
  • 1.92%Net interest margin
  • 4.32%Noninterest income to earning assets
  • 6.93%Noninterest expense to earning assets
  • -0.35%Net operating income to assets
  • -0.93%Return on assets (ROA)
  • -1.53%Pretax return on assets
  • -12.98%Return on equity (ROE)
  • -13.09%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 1.28%Credit loss provision to net charge-offs
  • -2.50%Efficiency ratio
  • 104,572Assets per employee
  • 4.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.81%Loss allowance to loans
  • 0.01%Loss allowance to noncurrent loans
  • 0.11%Noncurrent assets plus other real estate owned to assets
  • 4.12%Noncurrent loans to loans
  • 5.50%Net loans and leases to deposits
  • 170.84%Net loans and leases to core deposits
  • 199.53%Equity capital to assets
  • 5.73%Core capital (leverage) ratio
  • 5.27%Tier 1 risk-based capital ratio
  • 12.54%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $18,309,608Average earning assets
  • $1,314,136Average equity
  • $16,556,111Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $5,536Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,536Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074359Metlife Bank, National Association334 Madison Avenue, Convent Station, NJ 7961Febuary 23, 1999Full Service Brick and Mortar
    2362123Www.Metlifebank.com Branch501 Us Highway 22, Bridgewater, NJ 8807May 14, 2001Full Service Brick and Mortar
  • 1 Rhode Island Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4365199Call Center Branch1600 Division Rd, West Warwick, RI 2893August 14, 2001Full Service Cyber

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