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)
  • Show street view No street view available for this location

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

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Trust Company of New Jersey.
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.
Table of Contents