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

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The Trust Company of New Jersey
GeneralFDIC Certificate #: 12525
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: North Fork Bank (#15985)
Federal Reserve ID: 31303
Date Established: April 06, 1896
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)1,225
Total assets$4,278,684
Cash and due from depository institutions$117,403
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$30,000
Net loans & leases$2,188,687
Loan loss allowance $10,144
Trading account assets$0
Bank premises and fixed assets$36,872
Other real estate owned$3,195
Goodwill and other intangibles$6,071
All other assets$193,123
Life insurance assets$0
Total liabilities and capital$4,278,684
Total liabilities$4,015,390
Total deposits$3,307,438
Interest-bearing deposits$2,674,003
Deposits held in domestic offices$3,307,438
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $118,947
Trading liabilities$0
Other borrowed funds $552,384
Subordinated debt $0
All other liabilities $36,621
Total equity capital$263,294
Total bank equity capital$263,294
Perpetual preferred stock$263,294
Common stock$0
Undivided profits $30,061
Noncurrent loans and leases $196,457
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $462,261
Income earned, not collected on loans $0
Earning assets $23,961
Long-term assets (5+ years) $0
Average Assets, year-to-date $20,602
Average Assets, quarterly $3,922,020
Volatile liabilities $2,019,193
Insider loans $4,320,866
FHLB advances $4,281,474
Loans and leases held for sale $848,443
Unused loan commitments $23,517
Tier 1 (core) risk-based capital $550,000
Tier 2 risk-based capital $175,000
Total risk weighted assets $66,095
Total unused commitments $462,261
Restructured Loans and leases $0
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $204,585
Total interest expense $78,647
Net interest income $125,938
Provision for loan and lease losses $12,800
Total noninterest income $36,784
Fiduciary activities $2,012
Service charges on deposit accounts $13,066
Trading account gains & fees $0
Additional noninterest income $21,706
Total noninterest expense $129,942
Salaries and employee benefits $53,718
Premises and equipment expense $23,028
Additional noninterest expense $53,196
Pre-tax net operating income $19,980
Securities gains (losses) $1,190
Applicable income taxes $2,603
Income before extraordinary items $18,567
Extraordinary gains - net $0
Net income attributable to bank $18,567
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $12,627
Net operating income $12,486
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.22%
Cost of funding earning assets 2.01%
Net interest margin 3.21%
Noninterest income to earning assets 0.94%
Noninterest expense to earning assets 3.31%
Net operating income to assets 0.41%
Return on assets (ROA) 0.43%
Pretax return on assets 0.49%
Return on equity (ROE) 6.93%
Retained earnings to average equity (YTD only) 2.27%
Net charge-offs to loans 0.61%
Credit loss provision to net charge-offs 101.37%
Efficiency ratio2.60%
Assets per employee$79,736
Cash dividends to net income (YTD only)3.49%
Condition Ratios (%)
Loss allowance to loans 67.25%
Loss allowance to noncurrent loans 0.46%
Noncurrent assets plus other real estate owned to assets 42.34%
Noncurrent loans to loans 0.63%
Net loans and leases to deposits1.09%
Net loans and leases to core deposits 66.17%
Equity capital to assets 84.82%
Core capital (leverage) ratio 6.15%
Tier 1 risk-based capital ratio 5.75%
Total risk-based capital ratio 9.63%
Average assets$10
Average earning assets$4,320,866
Average equity $267,861
Average loans $3,921,669
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Total Fiduciary and Related Assets (December 31, 2003)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$2,331,941
Number of Accounts1
Personal trust and agency accounts$1,356,287
Employee benefit-defined contribution accounts$33,491
Employee benefit-defined benefit accounts$100,453
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$1,214,245
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$8,098
Number of Accounts370
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$975,654
Corporate trust and agency accounts$0
Other fiduciary accounts$4,234
Fiduciary accounts held in foreign offices$18,548
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Bank Assets Sold and Securitized (December 31, 2003)
(Dollar figures in thousands)
Principal balance with servicing or other recourse retained
1-4 family residential loans $677,427
Home equity lines$0
Credit cards receivables$0
Auto loans$0
Other consumer loans$0
Commercial and industrial loans$0
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