New Era Bank in Franklin Township, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1995

  • New Era Bank in Franklin Township, New Jersey (NJ)
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New Era Bank - Overview

  • General
  • FDIC Certificate #: 27016
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Trust Bank (#6308)
    Federal Reserve ID: 407300
    Date Established: July 20, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 36458
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 20, 1987
    Last Structure Change Effective Date: June 30, 1995
    Last Structure Change Process Date: July 19, 1995
    Last Data Update: July 19, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 675 Franklin Boulevard, Franklin Township, NJ 8875
    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)
  • Financial Summary
  • Total assets: $118.1 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)
  • $64Total assets
  • $113,912Cash and due from depository institutions
  • $3,880Interest-bearing balances
  • $0Securities
  • $13,009Federal funds sold & reverse repurchase agreements
  • $11,545Net loans & leases
  • $78,694Loan loss allowance
  • $4,206Trading account assets
  • $0Bank premises and fixed assets
  • $3,162Other real estate owned
  • $1,036Goodwill and other intangibles
  • $2,573Life insurance assets
  • $13All other assets
  • $0Total liabilities and capital
  • $113,912Total liabilities
  • $104,251Total deposits
  • $102,088Interest-bearing deposits
  • $78,216Deposits held in domestic offices
  • 102088.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $269Subordinated debt
  • $1,269All other liabilities
  • $625Total equity capital
  • $625Total bank equity capital
  • $9,661Perpetual preferred stock
  • $0Common stock
  • $3,855Surplus
  • $4,670Undivided profits
  • Memoranda
  • $1,136Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,027Income earned, not collected on loans
  • $640Earning assets
  • $103,248Long-term assets (5+ years)
  • $3,511Average Assets, year-to-date
  • $104,153Average Assets, quarterly
  • $109,364Volatile liabilities
  • $8,111Insider loans
  • $3,604FHLB advances
  • $0Loans and leases held for sale
  • $708Unused loan commitments
  • $16,242Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,648Total risk weighted assets
  • $86,969Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,690Total interest expense
  • $2,617Net interest income
  • $7,073Provision for loan and lease losses
  • $1,290Total noninterest income
  • $3,913Fiduciary activities
  • $0Service charges on deposit accounts
  • $614Trading account gains & fees
  • $0Additional noninterest income
  • $3,299Total noninterest expense
  • $7,475Salaries and employee benefits
  • $3,129Premises and equipment expense
  • $526Additional noninterest expense
  • $3,820Pre-tax net operating income
  • $2,221Securities gains (losses)
  • $0Applicable income taxes
  • $849Income before extraordinary items
  • $1,372Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,372Net charge-offs
  • $1,072Cash dividends
  • $5Sale, 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
  • 10.40%Cost of funding earning assets
  • 2.81%Net interest margin
  • 7.59%Noninterest income to earning assets
  • 4.20%Noninterest expense to earning assets
  • 8.02%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 2.13%Return on equity (ROE)
  • 15.38%Retained earnings to average equity (YTD only)
  • 15.33%Net charge-offs to loans
  • 1.49%Credit loss provision to net charge-offs
  • 120.34%Efficiency ratio
  • 67,950Assets per employee
  • 1.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.36%Loss allowance to loans
  • 5.07%Loss allowance to noncurrent loans
  • 207.50%Noncurrent assets plus other real estate owned to assets
  • 2.69%Noncurrent loans to loans
  • 2.45%Net loans and leases to deposits
  • 77.08%Net loans and leases to core deposits
  • 83.50%Equity capital to assets
  • 8.48%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 11.09%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $104,153Average earning assets
  • $8,919Average equity
  • $93,185Average loans

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