Urban National Bank in Franklin Lakes, New Jersey (NJ)



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Urban National Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal assets: $224.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ 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
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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
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
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 ratio49.02%
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 deposits3.72%
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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