Rumson-Fair Haven Bank and Trust Company in Rumson, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Rumson-Fair Haven Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 35381
    Status: Active
    Federal Reserve ID: 2925723
    Date Established: July 17, 2000
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 78849
    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: July 17, 2000
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 Bingham Avenue, Rumson, NJ 7760
    County: Monmouth
    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): Monmouth-Ocean, NJ (#5190)
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $227.2 mil
    Equity capital: $16.5 mil
    Deposits held in domestic offices: $197.7 mil
    Return on assets (ROA): 0.21% ($0.5 mil)
    Quarterly return on assets: 0.18% ($0.4 mil)
    Return on Equity (ROE): 2.82% ($0.5 mil)
    Quarterly return on equity: 2.45% ($0.4 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.29% ($658.8 mil)
    Quarterly Pretax return on assets: 0.25% ($567.9 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
  • 39Total employees (full-time equivalent)
  • $227,160Total assets
  • $47,809Cash and due from depository institutions
  • $46,541Interest-bearing balances
  • $79,861Securities
  • $3,800Federal funds sold & reverse repurchase agreements
  • $85,593Net loans & leases
  • $1,334Loan loss allowance
  • $0Trading account assets
  • $2,888Bank premises and fixed assets
  • $111Other real estate owned
  • $0Goodwill and other intangibles
  • $227,160Life insurance assets
  • $7,098All other assets
  • $210,675Total liabilities and capital
  • $197,667Total liabilities
  • $170,792Total deposits
  • $197,667Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,532Trading liabilities
  • $0Other borrowed funds
  • $476Subordinated debt
  • $16,485All other liabilities
  • $16,485Total equity capital
  • $16,485Total bank equity capital
  • $0Perpetual preferred stock
  • $6,238Common stock
  • $9,544Surplus
  • $703Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,159Income earned, not collected on loans
  • $0Earning assets
  • $832Long-term assets (5+ years)
  • $215,795Average Assets, year-to-date
  • $42,183Average Assets, quarterly
  • $211,104Volatile liabilities
  • $220,247Insider loans
  • $144,274FHLB advances
  • $222,130Loans and leases held for sale
  • $4,206Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,436Tier 2 risk-based capital
  • $4,206Total risk weighted assets
  • $0Total unused commitments
  • $35,553Restructured Loans and leases
  • $2,375Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,787Total interest income
  • $1,888Total interest expense
  • $4,899Net interest income
  • $120Provision for loan and lease losses
  • $562Total noninterest income
  • $0Fiduciary activities
  • $192Service charges on deposit accounts
  • $0Trading account gains & fees
  • $370Additional noninterest income
  • $4,940Total noninterest expense
  • $2,233Salaries and employee benefits
  • $908Premises and equipment expense
  • $1,799Additional noninterest expense
  • $401Pre-tax net operating income
  • $214Securities gains (losses)
  • $163Applicable income taxes
  • $452Income before extraordinary items
  • $0Extraordinary gains - net
  • $452Net income attributable to bank
  • $0Net charge-offs
  • $452Cash dividends
  • $52Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.41%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 2.46%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 2.82%Return on equity (ROE)
  • 2.82%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 230.77%Credit loss provision to net charge-offs
  • 10.02%Efficiency ratio
  • 90,460Assets per employee
  • 5.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 61.79%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 2.48%Net loans and leases to deposits
  • 43.30%Net loans and leases to core deposits
  • 44.19%Equity capital to assets
  • 7.26%Core capital (leverage) ratio
  • 7.40%Tier 1 risk-based capital ratio
  • 11.39%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $211,104Average earning assets
  • $16,016Average equity
  • $199,298Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $937Managed Assets
  • 1Number of Accounts
  • $937Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $936Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 7Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078849Rumson-Fair Haven Bank And Trust Com20 Bingham Avenue, Rumson, NJ 7760July 17, 2000Full Service Brick and Mortar
    1364975Fair Haven Branch636 River Road, Fair Haven, NJ 7704January 29, 2002Full Service Brick and Mortar
    2457658Shrewsbury Branch500 Broad Street, Shrewsbury, NJ 7702December 15, 2006Full Service Brick and Mortar
    3487504Asbury Park Branch511 Cookman Avenue, Asbury Park, NJ 7712January 30, 2009Full Service Brick and Mortar
    4487505Oceanport Branch251 East Main Street, Oceanport, NJ 7757Febuary 17, 2009Full Service Brick and Mortar

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