Major Rating Factors:
A current level of 5.5 percent of nonperforming loans to core capital combined with 20.5 percent from a year earlier contributes to the Fair asset quality (4.0). Operating profits as a percentage of assets at 0.7%, coupled with a return on assets of 0.5 has resulted in Fair (3.5) profitability.
Other Rating Factors:
Excellent current capitalization (8.7 on a scale of 0 to 10) based on a risk-based capital ratio of 12.3 and a capital leverage ratio of 10.1. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.8 on a scale of 0 to 10).
Asset Mix:
Comm re (58%), home mtgs (10%), securities (9%), cash (8%), comm loans (2%), other (14%)
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.