Sun National Bank in Vineland, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sun National Bank - Overview

  • General
  • FDIC Certificate #: 26240
    Status: Active
    Federal Reserve ID: 925710
    Bank Holding Company (Regulatory Top Holder): Sun Bancorp, Inc (RSSDID: 1139242, Location: Vineland, NJ)
    Date Established: May 06, 1985
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 62 (Domestic: 62, Interstate: No)
    OTS Docket #: 13337
    FDIC's unique #: 32581
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 06, 1985
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 226 West Landis Avenue, Vineland, NJ 8360
    County: Cumberland
    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): Vineland-Millville-Bridgeton, NJ (#8760)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Vineland-Millville-Bridgeton, NJ (#47220)
    CBSA Metro Statistical Area: Vineland-Millville-Bridgeton, NJ (#47220)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $3,180.3 mil
    Equity capital: $352.3 mil
    Deposits held in domestic offices: $2,715.6 mil
    Return on assets (ROA): -2.00% (-$63.6 mil)
    Quarterly return on assets: -0.13% (-$4.1 mil)
    Return on Equity (ROE): -18.80% (-$66.2 mil)
    Quarterly return on equity: -1.23% (-$4.3 mil)
    Net income: -$65.6 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -1.97% (-$62,651.4 mil)
    Quarterly Pretax return on assets: -0.11% (-$3,498.3 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
  • 670Total employees (full-time equivalent)
  • $3,180,276Total assets
  • $119,822Cash and due from depository institutions
  • $51,049Interest-bearing balances
  • $516,889Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,272,648Net loans & leases
  • $41,280Loan loss allowance
  • $0Trading account assets
  • $54,756Bank premises and fixed assets
  • $5,020Other real estate owned
  • $45,539Goodwill and other intangibles
  • $3,180,276Life insurance assets
  • $165,602All other assets
  • $2,827,942Total liabilities and capital
  • $2,715,624Total liabilities
  • $2,140,215Total deposits
  • $2,715,624Interest-bearing deposits
  • $72Deposits held in domestic offices
  • 5669.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,601Trading liabilities
  • $0Other borrowed funds
  • $81,048Subordinated debt
  • $352,334All other liabilities
  • $352,334Total equity capital
  • $352,334Total bank equity capital
  • $0Perpetual preferred stock
  • $3,038Common stock
  • $480,051Surplus
  • $-130,755Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $23,192Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $108,362Income earned, not collected on loans
  • $0Earning assets
  • $8,913Long-term assets (5+ years)
  • $2,840,586Average Assets, year-to-date
  • $899,836Average Assets, quarterly
  • $3,272,674Volatile liabilities
  • $3,205,795Insider loans
  • $2,526,399FHLB advances
  • $3,180,933Loans and leases held for sale
  • $74,871Unused loan commitments
  • $24,609Tier 1 (core) risk-based capital
  • $305,498Tier 2 risk-based capital
  • $50,262Total risk weighted assets
  • $0Total unused commitments
  • $325,997Restructured Loans and leases
  • $67,520Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $126,680Total interest income
  • $20,155Total interest expense
  • $106,525Net interest income
  • $74,266Provision for loan and lease losses
  • $12,127Total noninterest income
  • $0Fiduciary activities
  • $10,888Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,239Additional noninterest income
  • $110,654Total noninterest expense
  • $50,019Salaries and employee benefits
  • $18,546Premises and equipment expense
  • $42,089Additional noninterest expense
  • -$66,268Pre-tax net operating income
  • $1,651Securities gains (losses)
  • $997Applicable income taxes
  • -$65,614Income before extraordinary items
  • $0Extraordinary gains - net
  • -$65,614Net income attributable to bank
  • $0Net charge-offs
  • -$65,614Cash dividends
  • $114,699Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.33%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • -2.06%Net operating income to assets
  • -2.00%Return on assets (ROA)
  • -1.97%Pretax return on assets
  • -18.80%Return on equity (ROE)
  • -18.80%Retained earnings to average equity (YTD only)
  • 4.82%Net charge-offs to loans
  • 64.75%Credit loss provision to net charge-offs
  • 0.07%Efficiency ratio
  • 90,154Assets per employee
  • 4.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 38.09%Noncurrent assets plus other real estate owned to assets
  • 3.57%Noncurrent loans to loans
  • 4.68%Net loans and leases to deposits
  • 83.69%Net loans and leases to core deposits
  • 87.61%Equity capital to assets
  • 11.08%Core capital (leverage) ratio
  • 9.60%Tier 1 risk-based capital ratio
  • 12.09%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $3,272,674Average earning assets
  • $349,026Average equity
  • $2,926,589Average loans

List of branches

  • 62 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    032581Sun National Bank226 West Landis Avenue, Vineland, NJ 8360May 06, 1985Full Service Brick and Mortar
    746720Riverside Federal Branch16 Scott Street, Riverside, NJ 8075November 02, 1990Full Service Brick and Mortar
    89043Tuckahoe Branch2201 Rte 50, Tuckahoe, NJ 8250January 01, 1934Full Service Brick and Mortar
    9231537Marmora Branch108 Roosevelt Boulevard, Marmora, NJ 8223July 31, 1967Full Service Brick and Mortar
    1115486Tuckerton Branch540 Route 9 South, Tuckerton, NJ 8087May 17, 1976Full Service Brick and Mortar
    12254311Manahawkin Branch525 Rte 72 East, Manahawkin, NJ 8050August 25, 1983Full Service Brick and Mortar
    14210132Mystic Island Branch689 Radio Road, Mystic Islands, NJ 8087Febuary 18, 1975Full Service Brick and Mortar
    16234637Hammonton Branch12th Street And First Road, Hammonton, NJ 8037October 09, 1969Full Service Brick and Mortar
    17234641Millville Branch1020 North High Street, Millville, NJ 8332March 15, 1975Full Service Brick and Mortar
    20258578Cape May Court House Branch103 North Main Street, Cape May Court House, NJ 8210August 01, 1996Full Service Brick and Mortar
    214330Vineland Branch401 Landis Avenue, Vineland, NJ 8360September 01, 1927Full Service Brick and Mortar
    22210453Lenola Road Branch380 South Lenola Road, Maple Shade, NJ 8052October 09, 1990Full Service Brick and Mortar
    23210478East Landis Branch1184 East Landis Avenue, Vineland, NJ 8360January 31, 1963Full Service Brick and Mortar
    25258579Medford Branch99 Hartford Road, Medford, NJ 8055December 31, 1996Full Service Brick and Mortar
    26258580Cape May Branch941 Columbia Avenue, Cape May, NJ 8204Febuary 10, 1997Full Service Brick and Mortar
    27258581Toms River Branch601 Route 37 West, Toms River, NJ 8755May 30, 1997Full Service Brick and Mortar
    32210303Carneys Point Branch270 Georgetown Road, Carneys Point, NJ 8069April 18, 1966Full Service Brick and Mortar
    36211732Atlantic City Branch1801 Atlantic Avenue, Atlantic City, NJ 8401October 14, 1940Full Service Brick and Mortar
    3714264Linwood Branch599 New Road And Maple Avenue, Linwood, NJ 8221April 07, 1972Full Service Brick and Mortar
    38251498Weymouth Branch903 Boulevard, Rte. 50, Weymouth Township, NJ 8330July 19, 1973Full Service Brick and Mortar
    40251500Somers Point Branch521 New Road, Somers Point, NJ 8244November 15, 1974Full Service Brick and Mortar
    41210020Brigantine Branch3900 Atlantic-Brigantine Boulevard, Brigantine, NJ 8203December 17, 1984Full Service Brick and Mortar
    44210055Hamilton Branch411 Route 33, Trenton, NJ 8619December 27, 1988Full Service Brick and Mortar
    48258583Evesham Branch741 Route 73 S, Marlton, NJ 8053April 06, 1998Full Service Brick and Mortar
    50258585Lanoka Harbor504 Ushy 9, Lanoka Harbor, NJ 8734June 29, 1998Full Service Brick and Mortar
    52181905Logan Township Branch303 Village Center Drive, Logan Township, NJ 8085March 16, 1998Full Service Brick and Mortar
    54258587Brace Road Branch1402 Brace Road, Cherry Hill, NJ 8034April 05, 1999Full Service Brick and Mortar
    63258596Lawrenceville Branch2673 Main Street, Lawrenceville, NJ 8648May 12, 1999Full Service Brick and Mortar
    66258598Bridgeton Branch15 South Laurel Street, Bridgeton, NJ 8302December 20, 1999Full Service Brick and Mortar
    68358424North Wildwood Branch1900 New Jersey Avenue, North Wildwood, NJ 8260September 09, 1999Full Service Brick and Mortar
    71210400Wildwood Crest Drive-In Branch5611 New Jersey Avenue, Wildwood Crest, NJ 8260April 17, 1989Limited Service Facility
    72209499Holland Township Branch615 Milford-Warren Glen Rd, Holland Township, NJ 8848May 13, 1963Full Service Brick and Mortar
    73210165Browns Mills Branch1 Lakehurst & Clubhouse Rds, Browns Mills, NJ 8015April 30, 1962Full Service Brick and Mortar
    77361187Kendall Park Branch3534 Rt. 37, Kendall Park, NJ 8824Febuary 22, 2001Full Service Brick and Mortar
    87366151West Windsor Branch47 Princeton Hightstown Road, Princeton Junction, NJ 8550October 11, 2002Full Service Brick and Mortar
    88419336Pennington Branch1 North Main Street, Pennington, NJ 8534July 26, 2002Full Service Brick and Mortar
    89280455Collingswood Branch627 Haddon Ave, Collingswood, NJ 8108January 01, 1925Full Service Brick and Mortar
    90280456Glendora Branch1320 Black Horse Pike, Glendora, NJ 8029January 01, 1925Full Service Brick and Mortar
    9143290Turnersville Branch4651 Route 42, Turnersville, NJ 8012January 01, 1925Full Service Brick and Mortar
    92267537Northfield Branch331 Tilton Road, Northfield, NJ 8225January 01, 1927Full Service Brick and Mortar
    94267554Atlantic City South Branch4201 Ventnor Avenue -05, Atlantic City, NJ 8401January 01, 1927Full Service Brick and Mortar
    9757046Freehold Main Office3535 Highway 9 North, Freehold Township, NJ 7728May 15, 1997Full Service Brick and Mortar
    98290518Freehold Borough Branch31 East Main Street, Freehold, NJ 7728September 08, 1997Full Service Brick and Mortar
    99290519Howell Friendship Plaza4502 Route 9 South, Howell, NJ 7731November 13, 1998Full Service Brick and Mortar
    100290520Matawan Branch267 Main Street, Matawan, NJ 7747Febuary 06, 1999Full Service Brick and Mortar
    101358286Manalapan Branch191 Route 9 South, Manalapan, NJ 7726November 06, 1999Full Service Brick and Mortar
    102362852Shrewsbury Branch541 Sycamore Avenue, Shrewsbury, NJ 7702January 16, 2002Full Service Brick and Mortar
    103362967Colts Neck Branch400 Route 34, Colts Neck, NJ 7722June 25, 2001Full Service Brick and Mortar
    105442583Holmdel Office Branch626 Laurel Avenue, Holmdel, NJ 7733July 08, 2004Full Service Cyber
    106442584Jake Brown Plaza BranchCounty Rd. 516 & Jake Brown Rd., Old Bridge, NJ 8857July 08, 2004Full Service Cyber
    107447980Wall Township Branch2440 Highway 34, Wall Township, NJ 8724July 16, 2005Full Service Brick and Mortar
    10862058Countyline Branch3421 Route 22 East, Branchburg Township, NJ 8876January 07, 1999Full Service Brick and Mortar
    109363402Flemington Circle Branch224 South Main Street, Flemington, NJ 8822March 18, 2002Full Service Brick and Mortar
    110364436Hillsborough Branch286 Route 206 South, Hillsborough, NJ 8844August 07, 2000Full Service Brick and Mortar
    111364437Flemington Drive-Through Branch215 Route 31 South, Flemington, NJ 8822July 30, 1999Limited Service Facility
    112365460Branchburg Branch1018 Route 202 South, Branchburg, NJ 8876July 01, 2002Full Service Brick and Mortar
    113465759Rio Grande Branch3195 Route 9 S, Rio Grande, NJ 8242April 02, 2007Full Service Brick and Mortar
    114478572Broad Street Office Branch150 S. Broad Street, Trenton, NJ 8608Febuary 16, 2007Full Service Brick and Mortar
    115478573Bloomfield Branch400 Broad Acres Drive Suite 100, Bloomfield, NJ 7003Febuary 15, 2008Limited Service Administrative
    116480733Raritan Plaza Branch105 Fieldcrest Avenue, Edison, NJ 8837December 29, 2006Limited Service Administrative
    117480734Ventnor South Branch7319 Ventnor Avenue, Ventnor City, NJ 8406March 31, 2008Full Service Brick and Mortar
    121520599Fellowship Rd Branch350 Fellowship Rd, 1st Floor, Mount Laurel, NJ 8054November 10, 2009Full Service Brick and Mortar

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