Unity Bank in Clinton, New Jersey (NJ), PA
Overview, Financial Summary, Detailed Financial Reports, Branches


Unity Bank - Overview

  • General
  • FDIC Certificate #: 33503
    Status: Active
    Federal Reserve ID: 1890525
    Bank Holding Company (Regulatory Top Holder): Unity Bancorp, Inc. (RSSDID: 2181426, Location: Clinton, NJ)
    Date Established: September 13, 1991
    WWW: http://www.unitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Domestic: 16, Interstate: Yes)
    FDIC's unique #: 47251
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 13, 1991
    Last Structure Change Effective Date: October 31, 2006
    Last Structure Change Process Date: October 31, 2006
    Last Data Update: October 31, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 64 Old Highway 22, Clinton, NJ 8809
    County: Hunterdon
    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): Middlesex-Somerset-Hunterdon, NJ (#5015)
    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: Newark-Union, NJ-PA (#35084)
  • Financial Summary
  • Total assets: $810.2 mil
    Equity capital: $76.7 mil
    Deposits held in domestic offices: $647.4 mil
    Return on assets (ROA): 0.31% ($2.5 mil)
    Quarterly return on assets: 0.27% ($2.2 mil)
    Return on Equity (ROE): 3.43% ($2.6 mil)
    Quarterly return on equity: 2.90% ($2.2 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.41% ($3,321.9 mil)
    Quarterly Pretax return on assets: 0.37% ($2,997.8 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, 2011)

  • Dollar figures in thousands
  • 171Total employees (full-time equivalent)
  • $810,216Total assets
  • $82,530Cash and due from depository institutions
  • $64,947Interest-bearing balances
  • $107,448Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $576,244Net loans & leases
  • $16,348Loan loss allowance
  • $0Trading account assets
  • $11,350Bank premises and fixed assets
  • $3,032Other real estate owned
  • $1,948Goodwill and other intangibles
  • $810,216Life insurance assets
  • $27,664All other assets
  • $733,518Total liabilities and capital
  • $647,412Total liabilities
  • $545,128Total deposits
  • $647,412Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 45000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,000Trading liabilities
  • $8,500Other borrowed funds
  • $2,606Subordinated debt
  • $76,698All other liabilities
  • $76,698Total equity capital
  • $76,698Total bank equity capital
  • $0Perpetual preferred stock
  • $5,417Common stock
  • $36,623Surplus
  • $34,658Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $7,668Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25,180Income earned, not collected on loans
  • $1,221Earning assets
  • $3,703Long-term assets (5+ years)
  • $748,639Average Assets, year-to-date
  • $370,988Average Assets, quarterly
  • $814,678Volatile liabilities
  • $815,114Insider loans
  • $600,068FHLB advances
  • $823,831Loans and leases held for sale
  • $9,107Unused loan commitments
  • $9,107Tier 1 (core) risk-based capital
  • $74,191Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $77,620Restructured Loans and leases
  • $18,537Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,521Total interest income
  • $10,528Total interest expense
  • $28,993Net interest income
  • $6,800Provision for loan and lease losses
  • $4,471Total noninterest income
  • $0Fiduciary activities
  • $1,445Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,026Additional noninterest income
  • $23,623Total noninterest expense
  • $11,781Salaries and employee benefits
  • $4,081Premises and equipment expense
  • $7,761Additional noninterest expense
  • $3,041Pre-tax net operating income
  • $303Securities gains (losses)
  • $780Applicable income taxes
  • $2,564Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,564Net income attributable to bank
  • $0Net charge-offs
  • $2,564Cash dividends
  • $4,816Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 3.43%Return on equity (ROE)
  • 3.43%Retained earnings to average equity (YTD only)
  • 0.79%Net charge-offs to loans
  • 141.20%Credit loss provision to net charge-offs
  • 2.04%Efficiency ratio
  • 70,547Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.76%Loss allowance to noncurrent loans
  • 64.92%Noncurrent assets plus other real estate owned to assets
  • 3.48%Noncurrent loans to loans
  • 4.25%Net loans and leases to deposits
  • 89.01%Net loans and leases to core deposits
  • 93.35%Equity capital to assets
  • 9.47%Core capital (leverage) ratio
  • 9.01%Tier 1 risk-based capital ratio
  • 12.36%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $814,678Average earning assets
  • $74,802Average equity
  • $754,784Average loans

List of branches

  • 14 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047251Unity Bank64 Old Highway 22, Clinton, NJ 8809September 13, 1991Full Service Brick and Mortar
    1263171North Plainfield Branch450 Somerset Street, North Plainfield, NJ 7060January 01, 1929Full Service Brick and Mortar
    3289673Flemington Branch157 Main Street, Flemington, NJ 8822January 01, 1995Full Service Brick and Mortar
    4289674Springfield Township Branch733 Mountain Avenue, Springfield Township, NJ 7081September 25, 1995Full Service Brick and Mortar
    5289675Scotch Plains Township Branch2222 South Avenue, Scotch Plains Township, NJ 7076July 08, 1996Full Service Brick and Mortar
    6289676Union Branch952 Stuyvesant Avenue, Union Township, NJ 7083December 31, 1996Full Service Brick and Mortar
    7289677Linden Branch628 North Wood Avenue, Linden, NJ 7036April 07, 1997Full Service Brick and Mortar
    11289681Edison Branch1746 Oak Tree Road, Edison, NJ 8820April 01, 1999Full Service Brick and Mortar
    14289684South Plainfield Branch2426 Plainfield Avenue, South Plainfield, NJ 7080May 01, 1999Full Service Brick and Mortar
    15289685Whitehouse Branch370 Route 22 West, Whitehouse, NJ 8888April 16, 1999Full Service Brick and Mortar
    16289686Highland Park Branch104 Raritan Avenue, Highland Park, NJ 8901June 28, 1999Full Service Brick and Mortar
    17289687Colonia Branch1379 St. Georges Avenue, Colonia, NJ 7067December 29, 1998Full Service Brick and Mortar
    19423359Phillipsburg Branch1228 Rt 22 East, Phillipsburg, NJ 8865October 06, 2003Full Service Brick and Mortar
    21470122Middlesex Branch1230 Bound Brook Road, Middlesex, NJ 8846December 17, 2007Full Service Brick and Mortar
  • 2 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    20467643Forks Township Branch1700 Sullivan Trail, Easton, PA 18040December 01, 2006Full Service Brick and Mortar
    22478370William Penn Branch3091 William Penn Hwy, Easton, PA 18045August 06, 2007Full Service Brick and Mortar

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