The Bank of Mid-Jersey in Bordentown, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 07, 1997

  • The Bank of Mid-Jersey in Bordentown, New Jersey (NJ)
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The Bank of Mid-Jersey - Overview

  • General
  • FDIC Certificate #: 8607
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Summit Bank (#550)
    Federal Reserve ID: 575311
    Date Established: October 01, 1851
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 21 (Interstate: No)
    OTS Docket #: 13134
    FDIC's unique #: 5500
    Numeric code: 13
    Regulator: FED
    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: January 01, 1934
    Last Structure Change Effective Date: June 07, 1997
    Last Structure Change Process Date: June 16, 1997
    Last Data Update: June 16, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 243 Route 130, Bordentown, NJ 8505
    County: Burlington
    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): Philadelphia, PA-NJ (#6160)
    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): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Camden, NJ (#15804)
  • Financial Summary
  • Total assets: $674.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $266Total assets
  • $671,756Cash and due from depository institutions
  • $21,890Interest-bearing balances
  • $98Securities
  • $183,156Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $440,765Loan loss allowance
  • $8,719Trading account assets
  • $0Bank premises and fixed assets
  • $5,543Other real estate owned
  • $1,185Goodwill and other intangibles
  • $19,137Life insurance assets
  • $80All other assets
  • $0Total liabilities and capital
  • $671,756Total liabilities
  • $610,475Total deposits
  • $554,627Interest-bearing deposits
  • $482,232Deposits held in domestic offices
  • 554627.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $22,176Trading liabilities
  • $0Other borrowed funds
  • $22,776Subordinated debt
  • $0All other liabilities
  • $10,896Total equity capital
  • $10,896Total bank equity capital
  • $61,281Perpetual preferred stock
  • $0Common stock
  • $2,846Surplus
  • $22,331Undivided profits
  • Memoranda
  • $36,104Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,455Income earned, not collected on loans
  • $2,679Earning assets
  • $624,019Long-term assets (5+ years)
  • $118,328Average Assets, year-to-date
  • $630,386Average Assets, quarterly
  • $660,799Volatile liabilities
  • $74,069Insider loans
  • $9,140FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $74,460Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $61,558Total risk weighted assets
  • $499,907Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $47,719Total interest expense
  • $17,404Net interest income
  • $30,315Provision for loan and lease losses
  • $140Total noninterest income
  • $4,714Fiduciary activities
  • $491Service charges on deposit accounts
  • $2,445Trading account gains & fees
  • $0Additional noninterest income
  • $1,778Total noninterest expense
  • $21,652Salaries and employee benefits
  • $9,680Premises and equipment expense
  • $2,906Additional noninterest expense
  • $9,066Pre-tax net operating income
  • $13,237Securities gains (losses)
  • $0Applicable income taxes
  • $4,456Income before extraordinary items
  • $8,781Extraordinary gains - net
  • $0Net income attributable to bank
  • $8,781Net charge-offs
  • $1,520Cash dividends
  • $4,335Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.19%Cost of funding earning assets
  • 2.99%Net interest margin
  • 5.20%Noninterest income to earning assets
  • 0.81%Noninterest expense to earning assets
  • 3.72%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 2.10%Return on equity (ROE)
  • 14.85%Retained earnings to average equity (YTD only)
  • 7.52%Net charge-offs to loans
  • 0.36%Credit loss provision to net charge-offs
  • 9.21%Efficiency ratio
  • 61,706Assets per employee
  • 2.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.37%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 599.24%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 79.47%Net loans and leases to core deposits
  • 85.88%Equity capital to assets
  • 9.12%Core capital (leverage) ratio
  • 9.32%Tier 1 risk-based capital ratio
  • 12.31%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $630,386Average earning assets
  • $59,119Average equity
  • $582,636Average loans

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