RockBank in Plainfield, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 30, 1994

  • RockBank in Plainfield, New Jersey (NJ)
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RockBank - Overview

  • General
  • FDIC Certificate #: 20389
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 768001
    Date Established: March 22, 1971
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 11515
    FDIC's unique #: 14048
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 22, 1971
    Last Structure Change Effective Date: November 30, 1994
    Last Structure Change Process Date: December 13, 1994
    Last Data Update: December 13, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Route 22 And Rock Avenue, Plainfield, NJ 7060
    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: $189.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $80Total assets
  • $190,951Cash and due from depository institutions
  • $8,472Interest-bearing balances
  • $0Securities
  • $73,199Federal funds sold & reverse repurchase agreements
  • $5,000Net loans & leases
  • $94,600Loan loss allowance
  • $1,363Trading account assets
  • $0Bank premises and fixed assets
  • $4,325Other real estate owned
  • $806Goodwill and other intangibles
  • $4,397Life insurance assets
  • $152All other assets
  • $0Total liabilities and capital
  • $190,951Total liabilities
  • $173,116Total deposits
  • $170,958Interest-bearing deposits
  • $146,555Deposits held in domestic offices
  • 170958.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $138Trading liabilities
  • $0Other borrowed funds
  • $731Subordinated debt
  • $0All other liabilities
  • $1,289Total equity capital
  • $1,289Total bank equity capital
  • $17,835Perpetual preferred stock
  • $0Common stock
  • $1,320Surplus
  • $6,413Undivided profits
  • Memoranda
  • $10,102Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,641Income earned, not collected on loans
  • $659Earning assets
  • $172,799Long-term assets (5+ years)
  • $22,698Average Assets, year-to-date
  • $190,575Average Assets, quarterly
  • $192,485Volatile liabilities
  • $6,859Insider loans
  • $4,235FHLB advances
  • $0Loans and leases held for sale
  • $123Unused loan commitments
  • $17,491Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,683Total risk weighted assets
  • $107,301Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $13,302Total interest expense
  • $5,286Net interest income
  • $8,016Provision for loan and lease losses
  • $320Total noninterest income
  • $1,749Fiduciary activities
  • $0Service charges on deposit accounts
  • $549Trading account gains & fees
  • $0Additional noninterest income
  • $1,200Total noninterest expense
  • $6,179Salaries and employee benefits
  • $3,648Premises and equipment expense
  • $734Additional noninterest expense
  • $1,797Pre-tax net operating income
  • $3,266Securities gains (losses)
  • $204Applicable income taxes
  • $1,035Income before extraordinary items
  • $2,435Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,435Net charge-offs
  • $215Cash dividends
  • $800Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.70%Cost of funding earning assets
  • 3.06%Net interest margin
  • 4.64%Noninterest income to earning assets
  • 1.01%Noninterest expense to earning assets
  • 3.58%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 1.82%Return on equity (ROE)
  • 14.22%Retained earnings to average equity (YTD only)
  • 9.54%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 148.84%Efficiency ratio
  • 63,052Assets per employee
  • 2.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.85%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 29.37%Noncurrent assets plus other real estate owned to assets
  • 2.79%Noncurrent loans to loans
  • 4.84%Net loans and leases to deposits
  • 55.34%Net loans and leases to core deposits
  • 57.34%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 9.31%Tier 1 risk-based capital ratio
  • 16.48%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $190,575Average earning assets
  • $17,129Average equity
  • $172,725Average loans

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