North Jersey Community Bank in Englewood Cliffs, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • North Jersey Community Bank in Englewood Cliffs, New Jersey (NJ)
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North Jersey Community Bank - Overview

  • General
  • FDIC Certificate #: 57919
    Status: Active
    Federal Reserve ID: 3317932
    Bank Holding Company (Regulatory Top Holder): North Jersey Community Bancorp, Inc. (RSSDID: 3778542, Location: Englewood Cliffs, NJ)
    Date Established: January 15, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 431394
    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: January 15, 2005
    Last Structure Change Effective Date: December 07, 2009
    Last Structure Change Process Date: May 13, 2010
    Last Data Update: May 13, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Sylvan Avenue, Englewood Cliffs, NJ 7632
    County: Bergen
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $729.5 mil
    Equity capital: $56.8 mil
    Deposits held in domestic offices: $609.5 mil
    Return on assets (ROA): 1.01% ($7.4 mil)
    Quarterly return on assets: 1.06% ($7.7 mil)
    Return on Equity (ROE): 12.51% ($7.1 mil)
    Quarterly return on equity: 13.48% ($7.7 mil)
    Net income: $6.7 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 1.68% ($12,255.9 mil)
    Quarterly Pretax return on assets: 1.77% ($12,912.4 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
  • 84Total employees (full-time equivalent)
  • $729,515Total assets
  • $59,789Cash and due from depository institutions
  • $54,641Interest-bearing balances
  • $31,129Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $619,894Net loans & leases
  • $9,616Loan loss allowance
  • $0Trading account assets
  • $8,370Bank premises and fixed assets
  • $0Other real estate owned
  • $265Goodwill and other intangibles
  • $729,515Life insurance assets
  • $10,068All other assets
  • $672,706Total liabilities and capital
  • $609,466Total liabilities
  • $490,718Total deposits
  • $609,466Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $58,813Trading liabilities
  • $0Other borrowed funds
  • $4,427Subordinated debt
  • $56,809All other liabilities
  • $56,809Total equity capital
  • $56,809Total bank equity capital
  • $0Perpetual preferred stock
  • $11,113Common stock
  • $31,705Surplus
  • $13,991Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $140Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,437Income earned, not collected on loans
  • $0Earning assets
  • $2,747Long-term assets (5+ years)
  • $705,664Average Assets, year-to-date
  • $374,678Average Assets, quarterly
  • $663,055Volatile liabilities
  • $713,033Insider loans
  • $566,196FHLB advances
  • $721,079Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $55,851Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $109,368Restructured Loans and leases
  • $29,225Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $33,763Total interest income
  • $6,208Total interest expense
  • $27,555Net interest income
  • $2,355Provision for loan and lease losses
  • $930Total noninterest income
  • $0Fiduciary activities
  • $225Service charges on deposit accounts
  • $0Trading account gains & fees
  • $705Additional noninterest income
  • $15,056Total noninterest expense
  • $6,911Salaries and employee benefits
  • $1,980Premises and equipment expense
  • $6,165Additional noninterest expense
  • $11,074Pre-tax net operating income
  • $95Securities gains (losses)
  • $4,504Applicable income taxes
  • $6,665Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,665Net income attributable to bank
  • $0Net charge-offs
  • $6,665Cash dividends
  • $153Sale, conversion, retirement of capital stock, net
  • $414Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.36%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 12.51%Return on equity (ROE)
  • 11.73%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 1539.22%Credit loss provision to net charge-offs
  • 87.77%Efficiency ratio
  • 52,856Assets per employee
  • 8.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 6.21%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 149.39%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 1.02%Net loans and leases to deposits
  • 101.71%Net loans and leases to core deposits
  • 107.77%Equity capital to assets
  • 7.79%Core capital (leverage) ratio
  • 7.75%Tier 1 risk-based capital ratio
  • 9.86%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $663,055Average earning assets
  • $53,274Average equity
  • $638,895Average loans

List of branches

  • 8 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0431394North Jersey Community Bank301 Sylvan Avenue, Englewood Cliffs, NJ 7632January 15, 2005Full Service Brick and Mortar
    14452671620 Lemoine Avenue Branch1620 Lemoine Avenue, Fort Lee, NJ 7024October 01, 2005Full Service Brick and Mortar
    2453915Cresskill Branch1 Union Avenue, Cresskill, NJ 7626July 05, 2006Full Service Brick and Mortar
    3460591Hackensack Branch142 John Street, Hackensack, NJ 7601Febuary 20, 2007Full Service Brick and Mortar
    4473846Palisades Avenue Branch899 Palisades Avenue, Fort Lee, NJ 7024August 01, 2007Full Service Brick and Mortar
    5488166West New York Branch5914 Park Avenue, West New York, NJ 7093Febuary 20, 2009Full Service Brick and Mortar
    6365617Ridgewood Branch171 East Ridgewood Avenue, Ridgewood, NJ 7450October 28, 2004Full Service Brick and Mortar
    7522049Holmdel Branch963 Holmdel Road, Holmdel, NJ 7733July 14, 2011Full Service Brick and Mortar

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