Select Bank in Egg Harbor City, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 2011

  • Select Bank in Egg Harbor City, New Jersey (NJ)
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Select Bank - Overview

  • General
  • FDIC Certificate #: 35512
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Ocean City Home Bank (#30273)
    Federal Reserve ID: 2962193
    Date Established: November 20, 2000
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Interstate: No)
    OTS Docket #: 16843
    FDIC's unique #: 80597
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 20, 2000
    Last Structure Change Effective Date: August 01, 2011
    Last Structure Change Process Date: August 15, 2011
    Last Data Update: August 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 White Horse Pike, Egg Harbor City, NJ 8215
    County: Atlantic
    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): Atlantic-Cape May, NJ (#560)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Core Based Statistical Area (CBSA): Atlantic City-Hammonton, NJ (#12100)
    CBSA Metro Statistical Area: Atlantic City-Hammonton, NJ (#12100)
  • Financial Summary
  • Total assets: $131.0 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, 2010)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $136,038Total assets
  • $13,503Cash and due from depository institutions
  • $9,476Interest-bearing balances
  • $7,727Securities
  • $22,270Federal funds sold & reverse repurchase agreements
  • $88,452Net loans & leases
  • $1,016Loan loss allowance
  • $0Trading account assets
  • $1,955Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,131All other assets
  • $136,038Total liabilities and capital
  • $125,579Total liabilities
  • $125,402Total deposits
  • $117,974Interest-bearing deposits
  • $125,402Deposits held in domestic offices
  • 100.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $177All other liabilities
  • $10,459Total equity capital
  • $10,459Total bank equity capital
  • $10,459Perpetual preferred stock
  • $0Common stock
  • $610Surplus
  • $8,240Undivided profits
  • Memoranda
  • $1,609Noncurrent loans and leases
  • $6,401Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $828Earning assets
  • $0Long-term assets (5+ years)
  • $353Average Assets, year-to-date
  • $127,925Average Assets, quarterly
  • $0Volatile liabilities
  • $135,640Insider loans
  • $136,896FHLB advances
  • $32,366Loans and leases held for sale
  • $150Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,401Total unused commitments
  • $0Restructured Loans and leases
  • $966Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $6,376Total interest income
  • $1,647Total interest expense
  • $4,729Net interest income
  • $150Provision for loan and lease losses
  • $150Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $150Additional noninterest income
  • $2,778Total noninterest expense
  • $1,542Salaries and employee benefits
  • $669Premises and equipment expense
  • $567Additional noninterest expense
  • $1,951Pre-tax net operating income
  • $98Securities gains (losses)
  • $818Applicable income taxes
  • $1,231Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,231Net income attributable to bank
  • $0Net charge-offs
  • $1,231Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $178Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 12.30%Return on equity (ROE)
  • 10.52%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,938Assets per employee
  • 4.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.46%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 122.71%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 70.53%Net loans and leases to core deposits
  • 95.07%Equity capital to assets
  • 7.69%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 12.27%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $135,640Average earning assets
  • $10,008Average equity
  • $127,462Average loans

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