The Bank of New York in West Paterson, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1996

  • The Bank of New York in West Paterson, New Jersey (NJ)
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The Bank of New York - Overview

  • General
  • FDIC Certificate #: 6420
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Bank of New York Mellon (#639)
    Federal Reserve ID: 174107
    Date Established: June 17, 1895
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 112 (Interstate: No)
    FDIC's unique #: 4304
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 01, 1996
    Last Structure Change Process Date: December 20, 1996
    Last Data Update: December 20, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 385 Rifle Camp Road, West Paterson, NJ 7424
    County: Passaic
    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): Bergen-Passaic, NJ (#875)
    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: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $4,359.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,040Total assets
  • $4,193,304Cash and due from depository institutions
  • $264,609Interest-bearing balances
  • $0Securities
  • $1,353,126Federal funds sold & reverse repurchase agreements
  • $515,000Net loans & leases
  • $1,849,138Loan loss allowance
  • $53,136Trading account assets
  • $11Bank premises and fixed assets
  • $91,705Other real estate owned
  • $5,417Goodwill and other intangibles
  • $96,162Life insurance assets
  • $18,136All other assets
  • $0Total liabilities and capital
  • $4,193,304Total liabilities
  • $3,845,615Total deposits
  • $3,654,867Interest-bearing deposits
  • $2,297,129Deposits held in domestic offices
  • 3654867.00%% insured (estimated)
  • $74Federal funds purchased & repurchase agreements
  • $160,276Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $30,472Total equity capital
  • $30,472Total bank equity capital
  • $347,689Perpetual preferred stock
  • $0Common stock
  • $20,818Surplus
  • $42,547Undivided profits
  • Memoranda
  • $284,324Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $36,871Income earned, not collected on loans
  • $14,583Earning assets
  • $3,717,264Long-term assets (5+ years)
  • $517,986Average Assets, year-to-date
  • $4,202,022Average Assets, quarterly
  • $4,199,512Volatile liabilities
  • $263,088Insider loans
  • $35,634FHLB advances
  • $0Loans and leases held for sale
  • $8,053Unused loan commitments
  • $299,245Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $329,520Total risk weighted assets
  • $2,157,492Total unused commitments
  • $0Restructured Loans and leases
  • $204,730Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $267,137Total interest expense
  • $78,841Net interest income
  • $188,296Provision for loan and lease losses
  • $7,000Total noninterest income
  • $42,258Fiduciary activities
  • $6,914Service charges on deposit accounts
  • $24,336Trading account gains & fees
  • -$13Additional noninterest income
  • $11,021Total noninterest expense
  • $93,471Salaries and employee benefits
  • $47,163Premises and equipment expense
  • $23,133Additional noninterest expense
  • $23,175Pre-tax net operating income
  • $130,083Securities gains (losses)
  • $0Applicable income taxes
  • $50,176Income before extraordinary items
  • $79,907Extraordinary gains - net
  • $0Net income attributable to bank
  • $79,907Net charge-offs
  • $6,673Cash dividends
  • $102,948Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.11%Cost of funding earning assets
  • 2.10%Net interest margin
  • 5.01%Noninterest income to earning assets
  • 1.12%Noninterest expense to earning assets
  • 2.49%Net operating income to assets
  • 1.90%Return on assets (ROA)
  • 1.90%Pretax return on assets
  • 3.10%Return on equity (ROE)
  • 20.57%Retained earnings to average equity (YTD only)
  • -5.93%Net charge-offs to loans
  • 0.35%Credit loss provision to net charge-offs
  • 104.90%Efficiency ratio
  • 39,907Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 128.83%Loss allowance to loans
  • 2.79%Loss allowance to noncurrent loans
  • 144.11%Noncurrent assets plus other real estate owned to assets
  • 1.01%Noncurrent loans to loans
  • 1.94%Net loans and leases to deposits
  • 50.59%Net loans and leases to core deposits
  • 52.06%Equity capital to assets
  • 8.29%Core capital (leverage) ratio
  • 7.85%Tier 1 risk-based capital ratio
  • 15.27%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $4,202,022Average earning assets
  • $388,495Average equity
  • $3,756,323Average loans

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