FDIC Certificate #: 27432 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Interchange Bank (#20038) Federal Reserve ID: 1359107 Date Established: January 18, 1989 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 8503 FDIC's unique #: 39904 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: January 18, 1989 Last Structure Change Effective Date: June 01, 1998 Last Structure Change Process Date: June 11, 1998 Last Data Update: June 11, 1998 Data Source Date: April 05, 2012
Location
Address: 4-6 South Kinderkamack Road, Montvale, NJ 7645 County: Bergen 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: $79.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
21Total employees (full-time equivalent)
$77,013Total assets
$3,386Cash and due from depository institutions
$1,968Interest-bearing balances
$28,371Securities
$7,000Federal funds sold & reverse repurchase agreements
$36,081Net loans & leases
$338Loan loss allowance
$0Trading account assets
$1,677Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$498All other assets
$77,013Total liabilities and capital
$70,653Total liabilities
$70,073Total deposits
$66,765Interest-bearing deposits
$70,073Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$580All other liabilities
$6,360Total equity capital
$6,360Total bank equity capital
$6,360Perpetual preferred stock
$705Common stock
$2,279Surplus
$2,318Undivided profits
Memoranda
$1,058Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$204Average Assets, year-to-date
$73,420Average Assets, quarterly
$17,662Volatile liabilities
$73,819Insider loans
$75,959FHLB advances
$12,367Loans and leases held for sale
$2,922Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,082Total unused commitments
$0Restructured Loans and leases
$33,202Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,151Total interest income
$3,023Total interest expense
$2,128Net interest income
$23Provision for loan and lease losses
$166Total noninterest income
$0Fiduciary activities
$120Service charges on deposit accounts
$0Trading account gains & fees
$46Additional noninterest income
$1,686Total noninterest expense
$760Salaries and employee benefits
$327Premises and equipment expense
$599Additional noninterest expense
$585Pre-tax net operating income
$0Securities gains (losses)
$216Applicable income taxes
$369Income before extraordinary items
$0Extraordinary gains - net
$369Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$96Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.34%Yield on earning assets
4.31%Cost of funding earning assets
3.03%Net interest margin
0.24%Noninterest income to earning assets
2.40%Noninterest expense to earning assets
0.50%Net operating income to assets
0.50%Return on assets (ROA)
0.79%Pretax return on assets
6.20%Return on equity (ROE)
4.58%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
73,496Assets per employee
3.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.02%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
51.49%Net loans and leases to core deposits
62.53%Equity capital to assets
8.26%Core capital (leverage) ratio
8.33%Tier 1 risk-based capital ratio
18.99%Total risk-based capital ratio
Memoranda
$20Average assets
$73,819Average earning assets
$5,956Average equity
$70,218Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Jersey Bank for Savings.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: