West Jersey Community Bank in Fairfield, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 1996

  • West Jersey Community Bank in Fairfield, New Jersey (NJ)
  • Show street view No street view available for this location

West Jersey Community Bank - Overview

  • General
  • FDIC Certificate #: 32913
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sovereign Bank, National Association (#29950)
    Federal Reserve ID: 1445710
    Date Established: April 25, 1990
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 45827
    Numeric code: 13
    Regulator: FED
    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: April 25, 1990
    Last Structure Change Effective Date: May 31, 1996
    Last Structure Change Process Date: July 24, 1996
    Last Data Update: July 24, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 165 Passaic Avenue, Fairfield, NJ 7006
    County: Essex
    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): Newark, NJ (#5640)
    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: $99.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $55Total assets
  • $101,182Cash and due from depository institutions
  • $5,592Interest-bearing balances
  • $0Securities
  • $12,764Federal funds sold & reverse repurchase agreements
  • $775Net loans & leases
  • $80,373Loan loss allowance
  • $635Trading account assets
  • $0Bank premises and fixed assets
  • $571Other real estate owned
  • $0Goodwill and other intangibles
  • $1,107Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $101,182Total liabilities
  • $93,122Total deposits
  • $92,411Interest-bearing deposits
  • $75,909Deposits held in domestic offices
  • 92411.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $711Total equity capital
  • $711Total bank equity capital
  • $8,060Perpetual preferred stock
  • $0Common stock
  • $2,188Surplus
  • $5,855Undivided profits
  • Memoranda
  • $17Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $472Earning assets
  • $93,912Long-term assets (5+ years)
  • $7,950Average Assets, year-to-date
  • $97,167Average Assets, quarterly
  • $98,044Volatile liabilities
  • $16,400Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $3,847Unused loan commitments
  • $17,171Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,060Total risk weighted assets
  • $80,036Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,049Total interest expense
  • $3,588Net interest income
  • $4,461Provision for loan and lease losses
  • $337Total noninterest income
  • $2,067Fiduciary activities
  • $0Service charges on deposit accounts
  • $221Trading account gains & fees
  • $0Additional noninterest income
  • $1,846Total noninterest expense
  • $5,226Salaries and employee benefits
  • $1,935Premises and equipment expense
  • $721Additional noninterest expense
  • $2,570Pre-tax net operating income
  • $965Securities gains (losses)
  • $0Applicable income taxes
  • -$85Income before extraordinary items
  • $1,050Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,050Net charge-offs
  • $271Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.82%Cost of funding earning assets
  • 3.93%Net interest margin
  • 4.89%Noninterest income to earning assets
  • 2.27%Noninterest expense to earning assets
  • 5.73%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 0.99%Return on equity (ROE)
  • 14.01%Retained earnings to average equity (YTD only)
  • 14.01%Net charge-offs to loans
  • 0.37%Credit loss provision to net charge-offs
  • 124.35%Efficiency ratio
  • 80,055Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.78%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 86.97%Net loans and leases to core deposits
  • 105.74%Equity capital to assets
  • 7.97%Core capital (leverage) ratio
  • 8.29%Tier 1 risk-based capital ratio
  • 10.07%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $97,167Average earning assets
  • $7,493Average equity
  • $91,223Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with West Jersey Community Bank.
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