Shrewsbury State Bank in Shrewsbury, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2005

  • Shrewsbury State Bank in Shrewsbury, New Jersey (NJ)
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Shrewsbury State Bank - Overview

  • General
  • FDIC Certificate #: 21492
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley National Bank (#9396)
    Federal Reserve ID: 134400
    Date Established: March 25, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Interstate: No)
    FDIC's unique #: 14864
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 25, 1974
    Last Structure Change Effective Date: March 31, 2005
    Last Structure Change Process Date: April 07, 2005
    Last Data Update: April 07, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 465 Broad Street, Shrewsbury, NJ 7702
    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)
  • Financial Summary
  • Total assets: $428.1 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, 2004)

  • Dollar figures in thousands
  • 120Total employees (full-time equivalent)
  • $428,074Total assets
  • $33,311Cash and due from depository institutions
  • $20,550Interest-bearing balances
  • $114,139Securities
  • $2,100Federal funds sold & reverse repurchase agreements
  • $266,051Net loans & leases
  • $3,193Loan loss allowance
  • $0Trading account assets
  • $2,553Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $9,920All other assets
  • $428,074Total liabilities and capital
  • $367,226Total liabilities
  • $343,360Total deposits
  • $266,854Interest-bearing deposits
  • $343,360Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,916Other borrowed funds
  • $0Subordinated debt
  • $2,950All other liabilities
  • $60,848Total equity capital
  • $60,848Total bank equity capital
  • $60,848Perpetual preferred stock
  • $0Common stock
  • $7,075Surplus
  • $14,288Undivided profits
  • Memoranda
  • $39,485Noncurrent loans and leases
  • $99,105Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $510Earning assets
  • $0Long-term assets (5+ years)
  • $1,778Average Assets, year-to-date
  • $402,840Average Assets, quarterly
  • $143,500Volatile liabilities
  • $419,948Insider loans
  • $426,152FHLB advances
  • $14,194Loans and leases held for sale
  • $2,674Unused loan commitments
  • $20,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $99,105Total unused commitments
  • $0Restructured Loans and leases
  • $3,193Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $19,701Total interest income
  • $3,158Total interest expense
  • $16,543Net interest income
  • $120Provision for loan and lease losses
  • $4,094Total noninterest income
  • $0Fiduciary activities
  • $2,962Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,132Additional noninterest income
  • $11,605Total noninterest expense
  • $6,494Salaries and employee benefits
  • $1,762Premises and equipment expense
  • $3,349Additional noninterest expense
  • $8,912Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,006Applicable income taxes
  • $5,906Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,906Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $119Sale, conversion, retirement of capital stock, net
  • $2,006Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.17%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 2.12%Pretax return on assets
  • 9.99%Return on equity (ROE)
  • 6.60%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 100.84%Credit loss provision to net charge-offs
  • 75.90%Efficiency ratio
  • 56,234Assets per employee
  • 3.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.97%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 626.08%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 77.48%Net loans and leases to core deposits
  • 80.60%Equity capital to assets
  • 14.21%Core capital (leverage) ratio
  • 14.18%Tier 1 risk-based capital ratio
  • 20.23%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $419,948Average earning assets
  • $59,109Average equity
  • $397,034Average loans

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