The Farmers and Merchants National Bank of Bridgeton in Bridgeton, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1999

  • The Farmers and Merchants National Bank of Bridgeton in Bridgeton, New Jersey (NJ)
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The Farmers and Merchants National Bank of Bridgeton - Overview

  • General
  • FDIC Certificate #: 6455
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hudson United Bank (#12256)
    Federal Reserve ID: 197517
    Date Established: September 01, 1909
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 16 (Interstate: No)
    FDIC's unique #: 4318
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 01, 1999
    Last Structure Change Process Date: Febuary 11, 2000
    Last Data Update: Febuary 11, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 53 South Laurel Street, Bridgeton, NJ 8302
    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)
  • Financial Summary
  • Total assets: $425.4 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 214Total employees (full-time equivalent)
  • $480,420Total assets
  • $19,809Cash and due from depository institutions
  • $2,450Interest-bearing balances
  • $98,974Securities
  • $67,700Federal funds sold & reverse repurchase agreements
  • $258,755Net loans & leases
  • $10,138Loan loss allowance
  • $0Trading account assets
  • $6,994Bank premises and fixed assets
  • $1,010Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $27,178All other assets
  • $480,420Total liabilities and capital
  • $450,571Total liabilities
  • $445,566Total deposits
  • $380,179Interest-bearing deposits
  • $445,566Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $5,005All other liabilities
  • $29,849Total equity capital
  • $29,849Total bank equity capital
  • $29,849Perpetual preferred stock
  • $0Common stock
  • $2,125Surplus
  • $2,150Undivided profits
  • Memoranda
  • $25,574Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $17,043Earning assets
  • $0Long-term assets (5+ years)
  • $2,194Average Assets, year-to-date
  • $427,879Average Assets, quarterly
  • $130,234Volatile liabilities
  • $475,738Insider loans
  • $472,530FHLB advances
  • $66,106Loans and leases held for sale
  • $3,144Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,291Total unused commitments
  • $0Restructured Loans and leases
  • $320,356Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $33,212Total interest income
  • $18,390Total interest expense
  • $14,822Net interest income
  • $15,420Provision for loan and lease losses
  • $3,509Total noninterest income
  • $834Fiduciary activities
  • $1,707Service charges on deposit accounts
  • $0Trading account gains & fees
  • $968Additional noninterest income
  • $14,589Total noninterest expense
  • $6,575Salaries and employee benefits
  • $2,196Premises and equipment expense
  • $5,818Additional noninterest expense
  • -$11,678Pre-tax net operating income
  • $0Securities gains (losses)
  • -$4,888Applicable income taxes
  • -$6,790Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,790Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10,518Sale, conversion, retirement of capital stock, net
  • $327Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.79%Yield on earning assets
  • 4.31%Cost of funding earning assets
  • 3.48%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • -1.43%Net operating income to assets
  • -1.43%Return on assets (ROA)
  • -2.45%Pretax return on assets
  • -19.89%Return on equity (ROE)
  • -20.84%Retained earnings to average equity (YTD only)
  • 3.64%Net charge-offs to loans
  • 146.61%Credit loss provision to net charge-offs
  • 0.36%Efficiency ratio
  • 79,586Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -4.82%Loss allowance to loans
  • 3.77%Loss allowance to noncurrent loans
  • 59.48%Noncurrent assets plus other real estate owned to assets
  • 3.76%Noncurrent loans to loans
  • 6.34%Net loans and leases to deposits
  • 58.07%Net loans and leases to core deposits
  • 68.19%Equity capital to assets
  • 6.21%Core capital (leverage) ratio
  • 5.50%Tier 1 risk-based capital ratio
  • 8.23%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $475,738Average earning assets
  • $34,146Average equity
  • $426,201Average loans

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