Security National Bank & Trust Company of New Jersey in Newark, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 05, 1998

  • Security National Bank & Trust Company of New Jersey in Newark, New Jersey (NJ)
  • Show street view No street view available for this location

Security National Bank & Trust Company of New Jersey - Overview

  • General
  • FDIC Certificate #: 19414
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hudson United Bank (#12256)
    Federal Reserve ID: 620109
    Date Established: April 28, 1965
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 13217
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 28, 1965
    Last Structure Change Effective Date: Febuary 05, 1998
    Last Structure Change Process Date: Febuary 19, 1998
    Last Data Update: Febuary 21, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 39 Bank Street, Newark, NJ 7102
    County: Essex
    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): Newark, NJ (#5640)
    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: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $83.2 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
  • 49Total employees (full-time equivalent)
  • $83,190Total assets
  • $2,755Cash and due from depository institutions
  • $0Interest-bearing balances
  • $25,910Securities
  • $3,800Federal funds sold & reverse repurchase agreements
  • $48,503Net loans & leases
  • $832Loan loss allowance
  • $0Trading account assets
  • $501Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,721All other assets
  • $83,190Total liabilities and capital
  • $76,835Total liabilities
  • $75,038Total deposits
  • $60,722Interest-bearing deposits
  • $75,038Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $251Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $519Other borrowed funds
  • $0Subordinated debt
  • $1,027All other liabilities
  • $6,355Total equity capital
  • $6,355Total bank equity capital
  • $6,355Perpetual preferred stock
  • $0Common stock
  • $1,367Surplus
  • $2,614Undivided profits
  • Memoranda
  • $2,374Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $882Earning assets
  • $175Long-term assets (5+ years)
  • $314Average Assets, year-to-date
  • $78,213Average Assets, quarterly
  • $30,654Volatile liabilities
  • $83,842Insider loans
  • $84,243FHLB advances
  • $8,446Loans and leases held for sale
  • $404Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,388Total unused commitments
  • $0Restructured Loans and leases
  • $54,274Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $6,012Total interest income
  • $2,376Total interest expense
  • $3,636Net interest income
  • $370Provision for loan and lease losses
  • $555Total noninterest income
  • $0Fiduciary activities
  • $472Service charges on deposit accounts
  • $0Trading account gains & fees
  • $83Additional noninterest income
  • $4,109Total noninterest expense
  • $2,231Salaries and employee benefits
  • $787Premises and equipment expense
  • $1,091Additional noninterest expense
  • -$288Pre-tax net operating income
  • $28Securities gains (losses)
  • $5Applicable income taxes
  • -$265Income before extraordinary items
  • $0Extraordinary gains - net
  • -$265Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $139Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.71%Yield on earning assets
  • 3.05%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 5.27%Noninterest expense to earning assets
  • -0.35%Net operating income to assets
  • -0.32%Return on assets (ROA)
  • -0.31%Pretax return on assets
  • -4.10%Return on equity (ROE)
  • -4.10%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 266.19%Credit loss provision to net charge-offs
  • 0.59%Efficiency ratio
  • 98,043Assets per employee
  • 1.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 94.33%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 1.79%Net loans and leases to deposits
  • 64.64%Net loans and leases to core deposits
  • 72.00%Equity capital to assets
  • 7.64%Core capital (leverage) ratio
  • 7.47%Tier 1 risk-based capital ratio
  • 11.69%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $83,842Average earning assets
  • $6,471Average equity
  • $77,988Average 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 Security National Bank & Trust Company of New Jersey.
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