Urban National Bank in Franklin Lakes, New Jersey (NJ)
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| Urban National Bank | |
|---|---|
| General | FDIC Certificate #: 18661 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Hudson United Bank (#12256) Federal Reserve ID: 345103 Date Established: December 17, 1962 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 10 (Interstate: No) FDIC's unique #: 12540 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: December 17, 1962 Last Structure Change Effective Date: June 30, 1995 Last Structure Change Process Date: July 20, 1995 Last Data Update: July 20, 1995 Data Source Date: April 05, 2012 |
| Location | Address: 805 Franklin Lakes Road, Franklin Lakes, NJ 7417 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: $224.4 mil |
| Assets and Liabilities (December 31, 1994) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $114 |
| Cash and due from depository institutions | $241,416 |
| Interest-bearing balances | $14,939 |
| Securities | $189 |
| Federal funds sold & reverse repurchase agreements | $104,685 |
| Net loans & leases | $14,000 |
| Loan loss allowance | $98,732 |
| Trading account assets | $1,486 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $1,791 |
| Goodwill and other intangibles | $3,127 |
| All other assets | $0 |
| Life insurance assets | $4,142 |
| Total liabilities and capital | $0 |
| Total liabilities | $241,416 |
| Total deposits | $229,621 |
| Interest-bearing deposits | $206,483 |
| Deposits held in domestic offices | $147,577 |
| % insured (estimated) | 206483.00% |
| Federal funds purchased & repurchase agreements | $70 |
| Trading liabilities | $18,611 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,865 |
| All other liabilities | $0 |
| Total equity capital | $2,662 |
| Total bank equity capital | $2,662 |
| Perpetual preferred stock | $11,795 |
| Common stock | $0 |
| Surplus | $1,230 |
| Undivided profits | $1,329 |
| Memoranda | |
| Noncurrent loans and leases | $9,236 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,730 |
| Earning assets | $570 |
| Long-term assets (5+ years) | $217,606 |
| Average Assets, year-to-date | $71,278 |
| Average Assets, quarterly | $225,021 |
| Volatile liabilities | $231,046 |
| Insider loans | $28,604 |
| FHLB advances | $3,444 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $267 |
| Tier 1 (core) risk-based capital | $19,629 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $14,251 |
| Total unused commitments | $108,741 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
| Income and Expense (December 31, 1994) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $13,578 |
| Net interest income | $4,254 |
| Provision for loan and lease losses | $9,324 |
| Total noninterest income | $125 |
| Fiduciary activities | $1,397 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $1,199 |
| Additional noninterest income | $0 |
| Total noninterest expense | $198 |
| Salaries and employee benefits | $8,327 |
| Premises and equipment expense | $4,210 |
| Additional noninterest expense | $1,326 |
| Pre-tax net operating income | $2,791 |
| Securities gains (losses) | $2,269 |
| Applicable income taxes | -$83 |
| Income before extraordinary items | $758 |
| Extraordinary gains - net | $1,428 |
| Net income attributable to bank | $56 |
| Net charge-offs | $1,484 |
| Cash dividends | $255 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1994) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| Cost of funding earning assets | 6.71% |
| Net interest margin | 2.10% |
| Noninterest income to earning assets | 4.61% |
| Noninterest expense to earning assets | 0.69% |
| Net operating income to assets | 4.12% |
| Return on assets (ROA) | 0.66% |
| Pretax return on assets | 0.66% |
| Return on equity (ROE) | 1.00% |
| Retained earnings to average equity (YTD only) | 12.20% |
| Net charge-offs to loans | 12.20% |
| Credit loss provision to net charge-offs | 0.27% |
| Efficiency ratio | 49.02% |
| Assets per employee | $77,297 |
| Cash dividends to net income (YTD only) | 2.12% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.48% |
| Noncurrent assets plus other real estate owned to assets | 39.84% |
| Noncurrent loans to loans | 2.84% |
| Net loans and leases to deposits | 3.72% |
| Net loans and leases to core deposits | 47.82% |
| Equity capital to assets | 49.78% |
| Core capital (leverage) ratio | 4.89% |
| Tier 1 risk-based capital ratio | 6.35% |
| Total risk-based capital ratio | 13.11% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $225,021 |
| Average equity | $12,160 |
| Average loans | $202,324 |
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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.