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)
  • Show street view No street view available for this location

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

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 RockBank.
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