Pascack Community Bank in Waldwick, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Pascack Community Bank - Overview

  • General
  • FDIC Certificate #: 57215
    Status: Active
    Federal Reserve ID: 3090338
    Bank Holding Company (Regulatory Top Holder): Pascack Bancorp, Inc. (RSSDID: 4022738, Location: Westwood, NJ)
    Date Established: Febuary 19, 2002
    WWW: http://www.pascackbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 359630
    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: Febuary 19, 2002
    Last Structure Change Effective Date: January 12, 2012
    Last Structure Change Process Date: Febuary 24, 2012
    Last Data Update: Febuary 24, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 64 Crescent Avenue, Waldwick, NJ 7463
    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: $332.2 mil
    Equity capital: $25.9 mil
    Deposits held in domestic offices: $275.9 mil
    Return on assets (ROA): 0.63% ($2.1 mil)
    Quarterly return on assets: 0.71% ($2.4 mil)
    Return on Equity (ROE): 8.01% ($2.1 mil)
    Quarterly return on equity: 9.10% ($2.4 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.03% ($3,421.7 mil)
    Quarterly Pretax return on assets: 1.18% ($3,920.0 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
  • 46Total employees (full-time equivalent)
  • $332,206Total assets
  • $13,799Cash and due from depository institutions
  • $1,774Interest-bearing balances
  • $13,976Securities
  • $16,471Federal funds sold & reverse repurchase agreements
  • $265,298Net loans & leases
  • $3,635Loan loss allowance
  • $0Trading account assets
  • $16,829Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $332,206Life insurance assets
  • $5,833All other assets
  • $306,331Total liabilities and capital
  • $275,950Total liabilities
  • $231,601Total deposits
  • $275,950Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $28,416Trading liabilities
  • $0Other borrowed funds
  • $1,965Subordinated debt
  • $25,875All other liabilities
  • $25,875Total equity capital
  • $25,875Total bank equity capital
  • $0Perpetual preferred stock
  • $10,782Common stock
  • $14,493Surplus
  • $600Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,280Income earned, not collected on loans
  • $0Earning assets
  • $1,357Long-term assets (5+ years)
  • $297,519Average Assets, year-to-date
  • $205,119Average Assets, quarterly
  • $316,532Volatile liabilities
  • $329,721Insider loans
  • $270,673FHLB advances
  • $329,417Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,875Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,629Restructured Loans and leases
  • $13,641Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,088Total interest income
  • $3,818Total interest expense
  • $12,270Net interest income
  • $966Provision for loan and lease losses
  • $222Total noninterest income
  • $0Fiduciary activities
  • $107Service charges on deposit accounts
  • $0Trading account gains & fees
  • $115Additional noninterest income
  • $8,265Total noninterest expense
  • $3,641Salaries and employee benefits
  • $2,428Premises and equipment expense
  • $2,196Additional noninterest expense
  • $3,261Pre-tax net operating income
  • $1Securities gains (losses)
  • $1,261Applicable income taxes
  • $2,001Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,001Net income attributable to bank
  • $0Net charge-offs
  • $2,001Cash dividends
  • $203Sale, conversion, retirement of capital stock, net
  • $502Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.62%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 8.01%Return on equity (ROE)
  • 6.00%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 475.86%Credit loss provision to net charge-offs
  • 20.82%Efficiency ratio
  • 66,162Assets per employee
  • 7.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.09%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 283.98%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 96.14%Net loans and leases to core deposits
  • 100.62%Equity capital to assets
  • 7.79%Core capital (leverage) ratio
  • 7.85%Tier 1 risk-based capital ratio
  • 9.56%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $316,532Average earning assets
  • $24,971Average equity
  • $286,161Average loans

List of branches

  • 6 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0359630Pascack Community Bank64 Crescent Avenue, Waldwick, NJ 7463Febuary 19, 2002Full Service Brick and Mortar
    1459478Hackensack Branch25 Main Street, Hackensack, NJ 7601January 10, 2007Full Service Brick and Mortar
    2486592Bank Of Hackensack9 Polifly Road, Hackensack, NJ 7601January 27, 2009Full Service Brick and Mortar
    3492739Nutley Branch356 Franklin Avenue, Nutley, NJ 7110August 25, 2008Full Service Brick and Mortar
    4510569Bank Of Rochelle Park Branch1 East Passaic Street, Rochelle Park, NJ 7662January 11, 2010Full Service Brick and Mortar
    5512624Hillsdale Branch210 Broadway, Hillsdale, NJ 7642September 13, 2010Full Service Brick and Mortar

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