National Westminster Bank USA in Jersey City, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

  • National Westminster Bank USA in Jersey City, New Jersey (NJ)
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National Westminster Bank USA - Overview

  • General
  • FDIC Certificate #: 7063
    Status: Inactive
    Closing history: Change NONGEOFLDOFF from Default
    Acquiring institution: Fleet Bank, National Association (#6357)
    Federal Reserve ID: 193304
    Date Established: June 12, 1905
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 146 (Interstate: No)
    FDIC's unique #: 4710
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 1995
    Last Structure Change Process Date: January 13, 1995
    Last Data Update: January 13, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 Exchange Place, Jersey City, NJ 7302
    County: Hudson
    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): Jersey City, NJ (#3640)
    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)
  • History of Changes
  • Merger - Without Assistance
    Change NONGEOFLDOFF from Default
  • Financial Summary
  • Total assets: $16,661.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $3,741Total assets
  • $16,661,593Cash and due from depository institutions
  • $1,601,117Interest-bearing balances
  • $755,187Securities
  • $2,492,219Federal funds sold & reverse repurchase agreements
  • $1,866,113Net loans & leases
  • $8,878,280Loan loss allowance
  • $171,070Trading account assets
  • $802,028Bank premises and fixed assets
  • $248,102Other real estate owned
  • $56,468Goodwill and other intangibles
  • $685,867Life insurance assets
  • $31,399All other assets
  • $0Total liabilities and capital
  • $16,661,593Total liabilities
  • $15,504,590Total deposits
  • $12,001,881Interest-bearing deposits
  • $9,244,635Deposits held in domestic offices
  • 9530284.00%% insured (estimated)
  • $71Federal funds purchased & repurchase agreements
  • $2,091,082Trading liabilities
  • $581,560Other borrowed funds
  • $50,000Subordinated debt
  • $325,000All other liabilities
  • $455,067Total equity capital
  • $455,067Total bank equity capital
  • $1,157,003Perpetual preferred stock
  • $0Common stock
  • $38,376Surplus
  • $930,657Undivided profits
  • Memoranda
  • $187,970Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $181,796Income earned, not collected on loans
  • $61,718Earning assets
  • $14,737,491Long-term assets (5+ years)
  • $630,592Average Assets, year-to-date
  • $17,404,158Average Assets, quarterly
  • $16,981,101Volatile liabilities
  • $6,224,182Insider loans
  • $2,408FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $6,474,721Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,162,360Total risk weighted assets
  • $11,985,278Total unused commitments
  • $0Restructured Loans and leases
  • $62,888,068Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,129,932Total interest expense
  • $497,633Net interest income
  • $632,299Provision for loan and lease losses
  • $65,967Total noninterest income
  • $286,505Fiduciary activities
  • $1,011Service charges on deposit accounts
  • $75,700Trading account gains & fees
  • $16,208Additional noninterest income
  • $193,586Total noninterest expense
  • $546,851Salaries and employee benefits
  • $232,956Premises and equipment expense
  • $69,480Additional noninterest expense
  • $244,415Pre-tax net operating income
  • $305,986Securities gains (losses)
  • $1,333Applicable income taxes
  • $73,956Income before extraordinary items
  • $233,363Extraordinary gains - net
  • $0Net income attributable to bank
  • $233,363Net charge-offs
  • $178,720Cash dividends
  • $240,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.19%Cost of funding earning assets
  • 3.17%Net interest margin
  • 4.02%Noninterest income to earning assets
  • 1.82%Noninterest expense to earning assets
  • 3.48%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 1.77%Return on equity (ROE)
  • 19.52%Retained earnings to average equity (YTD only)
  • -0.56%Net charge-offs to loans
  • 1.86%Credit loss provision to net charge-offs
  • 36.91%Efficiency ratio
  • 58,869Assets per employee
  • 4.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 102.84%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 94.10%Noncurrent assets plus other real estate owned to assets
  • 1.43%Noncurrent loans to loans
  • 2.01%Net loans and leases to deposits
  • 73.97%Net loans and leases to core deposits
  • 105.15%Equity capital to assets
  • 6.94%Core capital (leverage) ratio
  • 6.44%Tier 1 risk-based capital ratio
  • 9.70%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $17,404,158Average earning assets
  • $1,195,302Average equity
  • $15,718,315Average loans

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