SussexBank in Franklin, New Jersey (NJ), NY
Overview, Financial Summary, Detailed Financial Reports, Branches


  • SussexBank in Franklin, New Jersey (NJ), NY
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SussexBank - Overview

  • General
  • FDIC Certificate #: 22221
    Status: Active
    Federal Reserve ID: 403106
    Bank Holding Company (Regulatory Top Holder): Sussex Bancorp (RSSDID: 2461463, Location: Franklin, NJ)
    Date Established: Febuary 09, 1976
    WWW: http://www.sussexbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: Yes)
    OTS Docket #: 10909
    FDIC's unique #: 15439
    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 09, 1976
    Last Structure Change Effective Date: January 20, 2010
    Last Structure Change Process Date: December 17, 2010
    Last Data Update: December 17, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 399 Route 23, Franklin, NJ 7416
    County: Sussex
    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: $504.9 mil
    Equity capital: $49.7 mil
    Deposits held in domestic offices: $426.1 mil
    Return on assets (ROA): 0.58% ($2.9 mil)
    Quarterly return on assets: 0.57% ($2.9 mil)
    Return on Equity (ROE): 5.84% ($2.9 mil)
    Quarterly return on equity: 5.76% ($2.9 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.75% ($3,787.0 mil)
    Quarterly Pretax return on assets: 0.73% ($3,686.0 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
  • 126Total employees (full-time equivalent)
  • $504,931Total assets
  • $37,600Cash and due from depository institutions
  • $30,981Interest-bearing balances
  • $100,204Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $331,897Net loans & leases
  • $7,210Loan loss allowance
  • $0Trading account assets
  • $6,778Bank premises and fixed assets
  • $5,410Other real estate owned
  • $2,826Goodwill and other intangibles
  • $504,931Life insurance assets
  • $20,216All other assets
  • $455,274Total liabilities and capital
  • $426,080Total liabilities
  • $380,614Total deposits
  • $426,080Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $26,000Trading liabilities
  • $0Other borrowed funds
  • $3,194Subordinated debt
  • $49,657All other liabilities
  • $49,657Total equity capital
  • $49,657Total bank equity capital
  • $0Perpetual preferred stock
  • $5,003Common stock
  • $21,598Surplus
  • $23,056Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25,086Income earned, not collected on loans
  • $0Earning assets
  • $1,734Long-term assets (5+ years)
  • $463,082Average Assets, year-to-date
  • $197,453Average Assets, quarterly
  • $481,752Volatile liabilities
  • $499,428Insider loans
  • $353,255FHLB advances
  • $496,318Loans and leases held for sale
  • $11,142Unused loan commitments
  • $2,676Tier 1 (core) risk-based capital
  • $46,091Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,466Total unused commitments
  • $36,386Restructured Loans and leases
  • $4,935Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,270Total interest income
  • $4,205Total interest expense
  • $17,065Net interest income
  • $3,306Provision for loan and lease losses
  • $4,869Total noninterest income
  • $1Fiduciary activities
  • $1,332Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,536Additional noninterest income
  • $15,651Total noninterest expense
  • $8,528Salaries and employee benefits
  • $1,918Premises and equipment expense
  • $5,205Additional noninterest expense
  • $2,977Pre-tax net operating income
  • $646Securities gains (losses)
  • $812Applicable income taxes
  • $2,811Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,811Net income attributable to bank
  • $0Net charge-offs
  • $2,811Cash dividends
  • $2,493Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 3.86%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 5.84%Return on equity (ROE)
  • 5.84%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 132.61%Credit loss provision to net charge-offs
  • 2.52%Efficiency ratio
  • 71,309Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.13%Loss allowance to noncurrent loans
  • 28.74%Noncurrent assets plus other real estate owned to assets
  • 6.04%Noncurrent loans to loans
  • 7.40%Net loans and leases to deposits
  • 77.90%Net loans and leases to core deposits
  • 79.89%Equity capital to assets
  • 9.83%Core capital (leverage) ratio
  • 9.29%Tier 1 risk-based capital ratio
  • 13.05%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $481,752Average earning assets
  • $48,119Average equity
  • $441,777Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $947Managed Assets
  • 1Number of Accounts
  • $947Personal trust and agency accounts
  • $462Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $485Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 4Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 8 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015439Sussexbank399 Route 23, Franklin, NJ 7416Febuary 09, 1976Full Service Brick and Mortar
    1254243Vernon Branch7 Church Street, Vernon, NJ 7462May 01, 1980Full Service Brick and Mortar
    2254244Montague Branch266 Clove Road, Montague, NJ 7827April 17, 1982Full Service Brick and Mortar
    3254245Sparta Branch33 Main Street, Sparta, NJ 7871December 17, 1983Full Service Brick and Mortar
    547034Newton Branch15 Trinity Street, Newton, NJ 7860May 03, 1991Full Service Brick and Mortar
    6283745Andover Branch165 Route 206, Andover, NJ 7821January 01, 1890Full Service Brick and Mortar
    7254247Wantage Branch278 Route 23, Sussex, NJ 7461June 08, 1992Full Service Brick and Mortar
    8254248Augusta Branch100 Route 206, Augusta, NJ 7822Febuary 07, 2000Full Service Brick and Mortar
  • 2 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    9359693Port Jervis Branch20-22 Fowler Street, Port Jervis, NY 12771March 18, 2001Full Service Brick and Mortar
    10457429Warwick Branch65-67 Main Street, Warwick, NY 10990December 18, 2006Full Service Brick and Mortar

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