The First National Bank of Absecon in city_name, state_name

The First National Bank of Absecon in Absecon, New Jersey (NJ)
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The First National Bank of Absecon routing number info

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

No	ID	Name	Address	Established	Service Type
0	4311	The First National Bank Of Absecon	106 New Jersey Avenue, Absecon, NJ 8201	March 20, 1916	Full Service Brick and Mortar
1	210114	Northfield Branch	2201 New Road, Northfield, NJ 8225	May 15, 1970	Full Service Brick and Mortar
2	210115	White Horse Pike Branch	White Horse Pike & New Jersey Avenue, Absecon, NJ 8201	October 05, 1970	Full Service Brick and Mortar
3	210116	Galloway Branch	38 W. Jim Leeds Road, Absecon, NJ 8205	December 20, 1972	Full Service Brick and Mortar

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

The First National Bank of Absecon - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2006)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

The First National Bank of Absecon - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2006)

List of branches

Comment about this bank, ask questions, or add new information about it:

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