The Towne Center Bank in Lodi, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2004

  • The Towne Center Bank in Lodi, New Jersey (NJ)
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The Towne Center Bank - Overview

  • General
  • FDIC Certificate #: 35240
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Provident Bank (#30337)
    Federal Reserve ID: 2846051
    Date Established: October 25, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 76797
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 25, 1999
    Last Structure Change Effective Date: October 01, 2004
    Last Structure Change Process Date: January 13, 2005
    Last Data Update: January 13, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 Arnot Street, Lodi, NJ 7644
    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: $45.6 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, 2003)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $46,680Total assets
  • $1,469Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,143Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $41,772Net loans & leases
  • $445Loan loss allowance
  • $0Trading account assets
  • $917Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $379All other assets
  • $46,680Total liabilities and capital
  • $37,752Total liabilities
  • $34,723Total deposits
  • $24,311Interest-bearing deposits
  • $34,723Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,805Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $224All other liabilities
  • $8,928Total equity capital
  • $8,928Total bank equity capital
  • $8,928Perpetual preferred stock
  • $0Common stock
  • $1,201Surplus
  • $8,806Undivided profits
  • Memoranda
  • $-1,079Noncurrent loans and leases
  • $15,539Noncurrent 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)
  • $229Average Assets, year-to-date
  • $43,915Average Assets, quarterly
  • $21,562Volatile liabilities
  • $45,978Insider loans
  • $46,460FHLB advances
  • $6,916Loans and leases held for sale
  • $2,742Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,539Total unused commitments
  • $0Restructured Loans and leases
  • $445Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $3,020Total interest income
  • $570Total interest expense
  • $2,450Net interest income
  • $25Provision for loan and lease losses
  • $182Total noninterest income
  • $0Fiduciary activities
  • $98Service charges on deposit accounts
  • $0Trading account gains & fees
  • $84Additional noninterest income
  • $2,017Total noninterest expense
  • $1,032Salaries and employee benefits
  • $441Premises and equipment expense
  • $544Additional noninterest expense
  • $590Pre-tax net operating income
  • $0Securities gains (losses)
  • $236Applicable income taxes
  • $354Income before extraordinary items
  • $0Extraordinary gains - net
  • $354Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.02%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 5.70%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 4.69%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 4.04%Return on equity (ROE)
  • 4.04%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 2500.00%Credit loss provision to net charge-offs
  • 615.00%Efficiency ratio
  • 76,634Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%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
  • 120.30%Net loans and leases to core deposits
  • 136.46%Equity capital to assets
  • 19.13%Core capital (leverage) ratio
  • 19.62%Tier 1 risk-based capital ratio
  • 23.21%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $45,978Average earning assets
  • $8,768Average equity
  • $43,012Average loans

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