Skylands Community Bank in Chester, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 22, 2011

Skylands Community Bank - Overview

  • General
  • FDIC Certificate #: 33141
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fulton Bank of New Jersey (#27614)
    Federal Reserve ID: 1484595
    Date Established: October 09, 1990
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 28 (Interstate: No)
    OTS Docket #: 13768
    FDIC's unique #: 46376
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 09, 1990
    Last Structure Change Effective Date: October 22, 2011
    Last Structure Change Process Date: November 21, 2011
    Last Data Update: November 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 425 Main Street, Chester, NJ 7930
    County: Morris
    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: $1,354.7 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, 2010)

  • Dollar figures in thousands
  • 198Total employees (full-time equivalent)
  • $1,410,409Total assets
  • $19,417Cash and due from depository institutions
  • $5,218Interest-bearing balances
  • $298,465Securities
  • $46,432Federal funds sold & reverse repurchase agreements
  • $904,601Net loans & leases
  • $14,601Loan loss allowance
  • $0Trading account assets
  • $16,006Bank premises and fixed assets
  • $412Other real estate owned
  • $73,352Goodwill and other intangibles
  • $11,143Life insurance assets
  • $51,724All other assets
  • $1,410,409Total liabilities and capital
  • $1,235,345Total liabilities
  • $1,163,586Total deposits
  • $1,051,124Interest-bearing deposits
  • $1,163,586Deposits held in domestic offices
  • 79.59%% insured (estimated)
  • $9,419Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $42,510Other borrowed funds
  • $6,000Subordinated debt
  • $13,830All other liabilities
  • $175,064Total equity capital
  • $175,064Total bank equity capital
  • $175,064Perpetual preferred stock
  • $0Common stock
  • $14,277Surplus
  • $114,773Undivided profits
  • Memoranda
  • $46,014Noncurrent loans and leases
  • $170,022Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $25,220Earning assets
  • $0Long-term assets (5+ years)
  • $4,994Average Assets, year-to-date
  • $1,254,716Average Assets, quarterly
  • $278,732Volatile liabilities
  • $1,393,048Insider loans
  • $1,439,384FHLB advances
  • $172,817Loans and leases held for sale
  • $11,946Unused loan commitments
  • $15,000Tier 1 (core) risk-based capital
  • $30,385Tier 2 risk-based capital
  • $4,381Total risk weighted assets
  • $170,022Total unused commitments
  • $9,184Restructured Loans and leases
  • $17,266Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $63,267Total interest income
  • $13,689Total interest expense
  • $49,578Net interest income
  • $6,621Provision for loan and lease losses
  • $7,830Total noninterest income
  • $0Fiduciary activities
  • $3,333Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,497Additional noninterest income
  • $31,777Total noninterest expense
  • $11,868Salaries and employee benefits
  • $5,194Premises and equipment expense
  • $14,715Additional noninterest expense
  • $19,010Pre-tax net operating income
  • $311Securities gains (losses)
  • $5,763Applicable income taxes
  • $13,558Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,558Net income attributable to bank
  • $0Net charge-offs
  • $13,558Cash dividends
  • $6,905Sale, conversion, retirement of capital stock, net
  • $9,200Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 7.93%Return on equity (ROE)
  • 2.55%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 95.89%Credit loss provision to net charge-offs
  • 3.71%Efficiency ratio
  • 53,881Assets per employee
  • 7.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.86%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 57.89%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 2.74%Net loans and leases to deposits
  • 77.74%Net loans and leases to core deposits
  • 89.35%Equity capital to assets
  • 12.41%Core capital (leverage) ratio
  • 7.31%Tier 1 risk-based capital ratio
  • 10.23%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,393,048Average earning assets
  • $170,996Average equity
  • $1,247,513Average loans

List of branches

  • 1 New Jersey Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    27513393Mountain Ave Branch176 Mountain Ave, Hackettstown, NJ 7840October 04, 2010Full Service Brick and Mortar

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