Boardwalk Bank
Linwood, NJ — Domestic Branch of a Domestic Bank
Acquired Feb 2008
Vitals
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Total Assets450.2M -0.7 %
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Total Deposits314.7M -2.3 %
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Total Net Loans312.4M 13.0 %
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Net Income2.2M -29.7 %
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Book Value39.3M 0.9 %
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Book Value x278.7M 0.9 %
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Book Value x3118.0M 0.9 %
Balance Sheet Highlights
Financial Highlights | Boardwalk Bank | All Insured Commercial Banks in New Jersey |
Balance Sheet $(000) | ||
Total Assets | 450,157 | 485,223 |
Total Net Loans | 312,407 | 391,827 |
Total Deposits | 314,732 | 377,605 |
Total Equity | 39,336 | 53,859 |
Profitability | ||
Net Income | 2,161 | 12,136 |
Return on Average Assets | .48 | 1.015 |
Return on Average Equity | 5.503 | 9.472 |
Net Interest Margin | 3.099 | 3.67 |
Efficiency Ratio | 69.422 | 90.936 |
Noninterest Income/Revenue | 4.113 | 18.517 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 99.261 | 87.199 |
Securities/Assets | .213 | .393 |
Total Equity/Total Assets | .087 | .111 |
Tangible Equity/Tangible Assets | .087 | -.042 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 42,196 | 44,885 |
Tier 2 Capital | 3,791 | 8,614 |
Total Capital | 45,987 | 50,006 |
Total Risk Weighted Assets | 401,606 | 361,982 |
Leverage Ratio | 9.43 | 11.981 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.51 | 15.752 |
Total Capital Ratio | 11.45 | 16.869 |
Timeline for Boardwalk Bank
Boardwalk Bancorp Inc.,
Boardwalk Bancorp Inc., became a new parent organization for Boardwalk Bank.
View Profile Jul 01 2006Boardwalk Bank
Boardwalk Bank was established 24 years ago and is currently headquartered in Linwood, NJ.
Jul 28 1999Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Cape Bank | Buyer | 1,588,746 | Acquisition | Discontinued | 2/1/2008 |
Relationships | Role | Relationship Start | Relationship End |
Boardwalk Bancorp Inc., | Parent | 7/1/2006 | 1/31/2008 |
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