Premium Bank in Gibbsboro, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 10, 1998

  • Premium Bank in Gibbsboro, New Jersey (NJ)
  • Show street view No street view available for this location

Premium Bank - Overview

  • General
  • FDIC Certificate #: 32626
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: E*TRADE Bank (#30746)
    Federal Reserve ID: 1357215
    Date Established: December 16, 1988
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8543
    FDIC's unique #: 45460
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 16, 1988
    Last Structure Change Effective Date: August 10, 1998
    Last Structure Change Process Date: August 21, 1998
    Last Data Update: August 21, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 6 East Clementon Road, Gibbsboro, NJ 8026
    County: Camden
    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): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Camden, NJ (#15804)
  • Financial Summary
  • Total assets: $332.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $325,985Total assets
  • $1,336Cash and due from depository institutions
  • $256Interest-bearing balances
  • $117,247Securities
  • $13,575Federal funds sold & reverse repurchase agreements
  • $187,043Net loans & leases
  • $939Loan loss allowance
  • $0Trading account assets
  • $418Bank premises and fixed assets
  • $328Other real estate owned
  • $12Goodwill and other intangibles
  • $0Life insurance assets
  • $6,026All other assets
  • $325,985Total liabilities and capital
  • $308,865Total liabilities
  • $275,760Total deposits
  • $273,771Interest-bearing deposits
  • $275,760Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,500Other borrowed funds
  • $0Subordinated debt
  • $2,605All other liabilities
  • $17,120Total equity capital
  • $17,120Total bank equity capital
  • $17,120Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $13,810Undivided profits
  • Memoranda
  • $3,309Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,463Earning assets
  • $0Long-term assets (5+ years)
  • $1,496Average Assets, year-to-date
  • $318,121Average Assets, quarterly
  • $0Volatile liabilities
  • $325,875Insider loans
  • $324,968FHLB advances
  • $50,692Loans and leases held for sale
  • $413Unused loan commitments
  • $15,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,067Total unused commitments
  • $0Restructured Loans and leases
  • $152,355Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $22,975Total interest income
  • $17,797Total interest expense
  • $5,178Net interest income
  • $659Provision for loan and lease losses
  • $586Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $586Additional noninterest income
  • $3,162Total noninterest expense
  • $1,556Salaries and employee benefits
  • $524Premises and equipment expense
  • $1,082Additional noninterest expense
  • $1,943Pre-tax net operating income
  • $7Securities gains (losses)
  • $686Applicable income taxes
  • $1,264Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,264Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,014Sale, conversion, retirement of capital stock, net
  • $625Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.25%Yield on earning assets
  • 5.62%Cost of funding earning assets
  • 1.63%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 1.00%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 7.51%Return on equity (ROE)
  • 3.80%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 64.99%Credit loss provision to net charge-offs
  • 2.57%Efficiency ratio
  • 54,806Assets per employee
  • 13.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.45%Loss allowance to loans
  • 0.50%Loss allowance to noncurrent loans
  • 27.12%Noncurrent assets plus other real estate owned to assets
  • 1.16%Noncurrent loans to loans
  • 1.84%Net loans and leases to deposits
  • 67.83%Net loans and leases to core deposits
  • 73.19%Equity capital to assets
  • 5.25%Core capital (leverage) ratio
  • 5.26%Tier 1 risk-based capital ratio
  • 11.26%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $325,875Average earning assets
  • $16,837Average equity
  • $316,720Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Premium Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents