Major Rating Factors:
A current level of 9.7 percent of nonperforming loans to core capital combined with 7.8 percent from a year earlier contributes to the Fair asset quality (3.3). Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.4 has resulted in Fair (3.2) profitability.
Other Rating Factors:
Excellent current capitalization (9.1 on a scale of 0 to 10) based on a risk-based capital ratio of 12.4 and a capital leverage ratio of 10.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.2 on a scale of 0 to 10).
Asset Mix:
Comm re (56%), home mtgs (11%), securities (11%), cash (4%), comm loans (2%), other (17%)
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.