The First National Bank of Absecon in Absecon, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The First National Bank of Absecon in Absecon, New Jersey (NJ)
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The First National Bank of Absecon - Overview

  • General
  • FDIC Certificate #: 6442
    Status: Active
    Federal Reserve ID: 188917
    Bank Holding Company (Regulatory Top Holder): Absecon Bancorp (RSSDID: 2579612, Location: Absecon, NJ)
    Date Established: March 20, 1916
    WWW: http://www.fnbabsecon.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 4311
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 106 New Jersey Avenue, Absecon, NJ 8201
    County: Atlantic
    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): Atlantic-Cape May, NJ (#560)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Core Based Statistical Area (CBSA): Atlantic City-Hammonton, NJ (#12100)
    CBSA Metro Statistical Area: Atlantic City-Hammonton, NJ (#12100)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $160.2 mil
    Equity capital: $13.9 mil
    Deposits held in domestic offices: $144.8 mil
    Return on assets (ROA): 0.22% ($0.4 mil)
    Quarterly return on assets: 0.63% ($1.0 mil)
    Return on Equity (ROE): 2.74% ($0.4 mil)
    Quarterly return on equity: 7.37% ($1.0 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.24% ($384.4 mil)
    Quarterly Pretax return on assets: 0.55% ($881.0 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
  • 48Total employees (full-time equivalent)
  • $160,184Total assets
  • $3,228Cash and due from depository institutions
  • $43Interest-bearing balances
  • $88,850Securities
  • $15,500Federal funds sold & reverse repurchase agreements
  • $49,194Net loans & leases
  • $681Loan loss allowance
  • $120Trading account assets
  • $1,004Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $160,184Life insurance assets
  • $2,288All other assets
  • $146,297Total liabilities and capital
  • $144,818Total liabilities
  • $128,516Total deposits
  • $144,818Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,479Subordinated debt
  • $13,887All other liabilities
  • $13,887Total equity capital
  • $13,887Total bank equity capital
  • $0Perpetual preferred stock
  • $20Common stock
  • $140Surplus
  • $13,727Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,026Income earned, not collected on loans
  • $0Earning assets
  • $1,017Long-term assets (5+ years)
  • $153,707Average Assets, year-to-date
  • $115,170Average Assets, quarterly
  • $158,684Volatile liabilities
  • $161,236Insider loans
  • $61,687FHLB advances
  • $158,344Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,093Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,109Restructured Loans and leases
  • $1,403Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,780Total interest income
  • $1,119Total interest expense
  • $4,661Net interest income
  • $163Provision for loan and lease losses
  • $287Total noninterest income
  • $0Fiduciary activities
  • $126Service charges on deposit accounts
  • -$12Trading account gains & fees
  • $173Additional noninterest income
  • $4,556Total noninterest expense
  • $2,676Salaries and employee benefits
  • $372Premises and equipment expense
  • $1,508Additional noninterest expense
  • $229Pre-tax net operating income
  • $155Securities gains (losses)
  • $37Applicable income taxes
  • $347Income before extraordinary items
  • $0Extraordinary gains - net
  • $347Net income attributable to bank
  • $0Net charge-offs
  • $347Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.80%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.07%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.24%Pretax return on assets
  • 2.74%Return on equity (ROE)
  • 2.74%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2328.57%Credit loss provision to net charge-offs
  • 56.00%Efficiency ratio
  • 92,078Assets per employee
  • 3.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 66.37%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 2.06%Net loans and leases to deposits
  • 33.97%Net loans and leases to core deposits
  • 34.04%Equity capital to assets
  • 8.67%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 19.60%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $158,684Average earning assets
  • $12,666Average equity
  • $151,923Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $3Managed Assets
  • 1Number of Accounts
  • $3Personal trust and agency accounts
  • $3Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number 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

  • 4 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04311The First National Bank Of Absecon106 New Jersey Avenue, Absecon, NJ 8201March 20, 1916Full Service Brick and Mortar
    1210114Northfield Branch2201 New Road, Northfield, NJ 8225May 15, 1970Full Service Brick and Mortar
    2210115White Horse Pike BranchWhite Horse Pike & New Jersey Avenue, Absecon, NJ 8201October 05, 1970Full Service Brick and Mortar
    3210116Galloway Branch38 W. Jim Leeds Road, Absecon, NJ 8205December 20, 1972Full Service Brick and Mortar

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