Woodstown National Bank in Woodstown, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 16, 2003

  • Woodstown National Bank in Woodstown, New Jersey (NJ)
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Woodstown National Bank - Overview

  • General
  • FDIC Certificate #: 6514
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fulton Bank of New Jersey (#27614)
    Federal Reserve ID: 152712
    Date Established: June 28, 1920
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 17 (Interstate: No)
    OTS Docket #: 9877
    FDIC's unique #: 4355
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 16, 2003
    Last Structure Change Process Date: March 25, 2003
    Last Data Update: March 25, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 South Main Street, Woodstown, NJ 8098
    County: Salem
    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): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864)
  • Financial Summary
  • Total assets: $507.7 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, 2002)

  • Dollar figures in thousands
  • 153Total employees (full-time equivalent)
  • $507,654Total assets
  • $14,701Cash and due from depository institutions
  • $301Interest-bearing balances
  • $160,608Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $300,416Net loans & leases
  • $3,141Loan loss allowance
  • $0Trading account assets
  • $8,722Bank premises and fixed assets
  • $205Other real estate owned
  • $16,057Goodwill and other intangibles
  • $0Life insurance assets
  • $6,945All other assets
  • $507,654Total liabilities and capital
  • $453,240Total liabilities
  • $415,860Total deposits
  • $344,364Interest-bearing deposits
  • $415,860Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $11,575Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $23,500Other borrowed funds
  • $0Subordinated debt
  • $2,305All other liabilities
  • $54,414Total equity capital
  • $54,414Total bank equity capital
  • $54,414Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $21,700Undivided profits
  • Memoranda
  • $32,314Noncurrent loans and leases
  • $52,954Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,081Earning assets
  • $0Long-term assets (5+ years)
  • $2,614Average Assets, year-to-date
  • $461,325Average Assets, quarterly
  • $232,458Volatile liabilities
  • $490,844Insider loans
  • $501,258FHLB advances
  • $55,942Loans and leases held for sale
  • $3,337Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,125Total risk weighted assets
  • $52,954Total unused commitments
  • $0Restructured Loans and leases
  • $3,141Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $30,043Total interest income
  • $8,389Total interest expense
  • $21,654Net interest income
  • $150Provision for loan and lease losses
  • $5,101Total noninterest income
  • $0Fiduciary activities
  • $2,220Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,881Additional noninterest income
  • $14,234Total noninterest expense
  • $6,020Salaries and employee benefits
  • $1,934Premises and equipment expense
  • $6,280Additional noninterest expense
  • $12,371Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,509Applicable income taxes
  • $7,862Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,862Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $592Sale, conversion, retirement of capital stock, net
  • $6,531Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.80%Yield on earning assets
  • 1.90%Cost of funding earning assets
  • 4.90%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.60%Return on assets (ROA)
  • 2.52%Pretax return on assets
  • 14.89%Return on equity (ROE)
  • 2.52%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 25.34%Credit loss provision to net charge-offs
  • 21.15%Efficiency ratio
  • 51,344Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.07%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 290.56%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 72.24%Net loans and leases to core deposits
  • 80.54%Equity capital to assets
  • 10.72%Core capital (leverage) ratio
  • 7.34%Tier 1 risk-based capital ratio
  • 11.98%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $490,844Average earning assets
  • $52,784Average equity
  • $442,099Average loans

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