The Trust Company of New Jersey in Jersey City, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 14, 2004

  • The Trust Company of New Jersey in Jersey City, New Jersey (NJ)
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The Trust Company of New Jersey - Overview

  • General
  • FDIC Certificate #: 12525
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: North Fork Bank (#15985)
    Federal Reserve ID: 31303
    Date Established: April 06, 1896
    WWW: http://www.trustcompany.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 76 (Interstate: No)
    FDIC's unique #: 7970
    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: January 01, 1934
    Last Structure Change Effective Date: May 14, 2004
    Last Structure Change Process Date: July 29, 2004
    Last Data Update: July 29, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 35 Journal Square, Jersey City, NJ 7306
    County: Hudson
    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): Jersey City, NJ (#3640)
    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: $4,203.6 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, 2003)

  • Dollar figures in thousands
  • 1,225Total employees (full-time equivalent)
  • $4,278,684Total assets
  • $117,403Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,703,333Securities
  • $30,000Federal funds sold & reverse repurchase agreements
  • $2,188,687Net loans & leases
  • $10,144Loan loss allowance
  • $0Trading account assets
  • $36,872Bank premises and fixed assets
  • $3,195Other real estate owned
  • $6,071Goodwill and other intangibles
  • $0Life insurance assets
  • $193,123All other assets
  • $4,278,684Total liabilities and capital
  • $4,015,390Total liabilities
  • $3,307,438Total deposits
  • $2,674,003Interest-bearing deposits
  • $3,307,438Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $118,947Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $552,384Other borrowed funds
  • $0Subordinated debt
  • $36,621All other liabilities
  • $263,294Total equity capital
  • $263,294Total bank equity capital
  • $263,294Perpetual preferred stock
  • $0Common stock
  • $36,776Surplus
  • $30,061Undivided profits
  • Memoranda
  • $196,457Noncurrent loans and leases
  • $462,261Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $23,961Earning assets
  • $0Long-term assets (5+ years)
  • $20,602Average Assets, year-to-date
  • $3,922,020Average Assets, quarterly
  • $2,019,193Volatile liabilities
  • $4,320,866Insider loans
  • $4,281,474FHLB advances
  • $848,443Loans and leases held for sale
  • $23,517Unused loan commitments
  • $550,000Tier 1 (core) risk-based capital
  • $175,000Tier 2 risk-based capital
  • $66,095Total risk weighted assets
  • $462,261Total unused commitments
  • $0Restructured Loans and leases
  • $10,144Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $204,585Total interest income
  • $78,647Total interest expense
  • $125,938Net interest income
  • $12,800Provision for loan and lease losses
  • $36,784Total noninterest income
  • $2,012Fiduciary activities
  • $13,066Service charges on deposit accounts
  • $0Trading account gains & fees
  • $21,706Additional noninterest income
  • $129,942Total noninterest expense
  • $53,718Salaries and employee benefits
  • $23,028Premises and equipment expense
  • $53,196Additional noninterest expense
  • $19,980Pre-tax net operating income
  • $1,190Securities gains (losses)
  • $2,603Applicable income taxes
  • $18,567Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,567Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $12,627Sale, conversion, retirement of capital stock, net
  • $12,486Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 3.21%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 6.93%Return on equity (ROE)
  • 2.27%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 101.37%Credit loss provision to net charge-offs
  • 2.60%Efficiency ratio
  • 79,736Assets per employee
  • 3.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.25%Loss allowance to loans
  • 0.46%Loss allowance to noncurrent loans
  • 42.34%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 1.09%Net loans and leases to deposits
  • 66.17%Net loans and leases to core deposits
  • 84.82%Equity capital to assets
  • 6.15%Core capital (leverage) ratio
  • 5.75%Tier 1 risk-based capital ratio
  • 9.63%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $4,320,866Average earning assets
  • $267,861Average equity
  • $3,921,669Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,331,941Managed Assets
  • 1Number of Accounts
  • $1,356,287Personal trust and agency accounts
  • $33,491Employee benefit-defined contribution accounts
  • $100,453Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1,214,245Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $8,098Non-managed Assets
  • 370Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $975,654Other retirement accounts
  • $0Corporate trust and agency accounts
  • $4,234Other fiduciary accounts
  • $18,548Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2003)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $677,4271-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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