Major Rating Factors:
Operating profits as a percentage of assets at 0.6%, coupled with a return on assets of 0.4 has resulted in Fair (3.4) profitability. A current level of 20.8 percent of nonperforming loans to core capital combined with 9.9 percent from a year earlier contributes to the Weak asset quality (2.3).
Other Rating Factors:
Excellent current capitalization (9.6 on a scale of 0 to 10) based on a risk-based capital ratio of 13.3 and a capital leverage ratio of 10.7. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (9.1 on a scale of 0 to 10).
Asset Mix:
Comm re (54%), home mtgs (12%), securities (11%), cash (5%), comm loans (2%), other (16%)
States with Branches:
NJ
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
First Commerce Bancorp, Inc.
Investment Rating
--
Address
1700 Avenue of the States
Lakewood, NJ 08701
Lakewood, NJ 08701
Phone Number
(732) 364-0032
Year Founded
2006
FDIC Number
Website
Largest Affiliates
No affiliate information available.