Shore Community Bank in Toms River, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Shore Community Bank - Overview

  • General
  • FDIC Certificate #: 34253
    Status: Active
    Federal Reserve ID: 2539081
    Date Established: Febuary 24, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 57012
    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: Febuary 24, 1997
    Last Structure Change Effective Date: November 12, 2009
    Last Structure Change Process Date: December 28, 2009
    Last Data Update: December 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1012 Hooper Avenue, Toms River, NJ 8753
    County: Ocean
    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)
  • Financial Summary
  • Total assets: $203.1 mil
    Equity capital: $20.7 mil
    Deposits held in domestic offices: $164.7 mil
    Return on assets (ROA): 0.37% ($0.8 mil)
    Quarterly return on assets: 0.45% ($0.9 mil)
    Return on Equity (ROE): 3.80% ($0.8 mil)
    Quarterly return on equity: 4.59% ($1.0 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.44% ($893.5 mil)
    Quarterly Pretax return on assets: 0.55% ($1,116.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 56Total employees (full-time equivalent)
  • $203,073Total assets
  • $15,317Cash and due from depository institutions
  • $11,602Interest-bearing balances
  • $65,406Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $113,358Net loans & leases
  • $1,998Loan loss allowance
  • $0Trading account assets
  • $5,120Bank premises and fixed assets
  • $1,864Other real estate owned
  • $0Goodwill and other intangibles
  • $203,073Life insurance assets
  • $2,008All other assets
  • $182,394Total liabilities and capital
  • $164,700Total liabilities
  • $140,347Total deposits
  • $164,700Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 9100.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $594Subordinated debt
  • $20,679All other liabilities
  • $20,679Total equity capital
  • $20,679Total bank equity capital
  • $0Perpetual preferred stock
  • $8,538Common stock
  • $9,367Surplus
  • $2,774Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $201Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,493Income earned, not collected on loans
  • $160Earning assets
  • $907Long-term assets (5+ years)
  • $190,366Average Assets, year-to-date
  • $63,418Average Assets, quarterly
  • $207,754Volatile liabilities
  • $208,425Insider loans
  • $120,431FHLB advances
  • $205,964Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,618Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,202Restructured Loans and leases
  • $4,979Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,229Total interest income
  • $2,765Total interest expense
  • $6,464Net interest income
  • $575Provision for loan and lease losses
  • $497Total noninterest income
  • $0Fiduciary activities
  • $141Service charges on deposit accounts
  • $0Trading account gains & fees
  • $356Additional noninterest income
  • $5,490Total noninterest expense
  • $2,763Salaries and employee benefits
  • $937Premises and equipment expense
  • $1,790Additional noninterest expense
  • $896Pre-tax net operating income
  • $16Securities gains (losses)
  • $149Applicable income taxes
  • $763Income before extraordinary items
  • $0Extraordinary gains - net
  • $763Net income attributable to bank
  • $0Net charge-offs
  • $763Cash dividends
  • $1,073Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 3.80%Return on equity (ROE)
  • 3.80%Retained earnings to average equity (YTD only)
  • 0.92%Net charge-offs to loans
  • 53.59%Credit loss provision to net charge-offs
  • 1.37%Efficiency ratio
  • 78,868Assets per employee
  • 3.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 30.77%Noncurrent assets plus other real estate owned to assets
  • 4.12%Noncurrent loans to loans
  • 5.63%Net loans and leases to deposits
  • 68.83%Net loans and leases to core deposits
  • 75.53%Equity capital to assets
  • 10.18%Core capital (leverage) ratio
  • 9.52%Tier 1 risk-based capital ratio
  • 16.29%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $207,754Average earning assets
  • $20,070Average equity
  • $195,424Average loans

List of branches

  • 6 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057012Shore Community Bank1012 Hooper Avenue, Toms River, NJ 8753Febuary 24, 1997Full Service Brick and Mortar
    2301141Ortley Beach Branch1801 Route 35 North, Seaside Heights, NJ 8751April 19, 2000Full Service Brick and Mortar
    3359574201 Main Street Branch201 Main Street, Toms River, NJ 8753December 28, 2000Full Service Brick and Mortar
    4466280Jackson Branch1130 East Veterans Highway, Jackson, NJ 8527November 15, 2006Full Service Brick and Mortar
    5468033Route 37 Branch1216 Route 37, Toms River, NJ 8753March 01, 2005Full Service Brick and Mortar
    6481556Route 72 East Branch280 Route 72 East, Manahawkin, NJ 8050October 16, 2008Full Service Brick and Mortar

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