Greater Community Bank
Totowa, NJ — Domestic Branch of a Domestic Bank
Acquired Jul 2008
Vitals
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Total Assets961.6M -0.5 %
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Total Deposits715.8M -6.1 %
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Total Net Loans799.6M 6.4 %
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Net Income3.4M -41.6 %
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Book Value92.7M 2.6 %
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Book Value x2185.4M 2.6 %
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Book Value x3278.1M 2.6 %
Balance Sheet Highlights
Financial Highlights | Greater Community Bank | All Insured Commercial Banks in New Jersey |
Balance Sheet $(000) | ||
Total Assets | 961,612 | 404,911 |
Total Net Loans | 799,559 | 359,249 |
Total Deposits | 715,843 | 319,271 |
Total Equity | 92,701 | 44,286 |
Profitability | ||
Net Income | 3,409 | 4,978 |
Return on Average Assets | .693 | .839 |
Return on Average Equity | 7.292 | 8.652 |
Net Interest Margin | 3.791 | 3.419 |
Efficiency Ratio | 65.442 | 93.732 |
Noninterest Income/Revenue | 8.38 | 15.305 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 111.695 | 89.416 |
Securities/Assets | .071 | .371 |
Total Equity/Total Assets | .096 | .109 |
Tangible Equity/Tangible Assets | .084 | -.036 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 81,694 | 39,003 |
Tier 2 Capital | 10,294 | 7,558 |
Total Capital | 91,988 | 42,666 |
Total Risk Weighted Assets | 822,438 | 305,782 |
Leverage Ratio | 8.39 | 11.535 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 9.93 | 15.066 |
Total Capital Ratio | 11.18 | 16.225 |
Timeline for Greater Community Bank
Valley National Bank
Greater Community Bank was acquired by Valley National Bank 15 years
View Profile Jul 01 2008Greater Community Redevelopment Llc
Greater Community Redevelopment Llc became a new subsidiary organization for Greater Community Bank.
View Profile Oct 24 2006Bergen Commercial Bank
Acquisition: Greater Community Bank acquired a new subsidiary, Bergen Commercial Bank, 18 years
View Profile Jan 01 2006Rock Community Bank
Acquisition: Greater Community Bank acquired a new subsidiary, Rock Community Bank, 18 years
View Profile Jan 01 2006Highland Capital Corp.
Highland Capital Corp. became a new subsidiary organization for Greater Community Bank.
View Profile Apr 01 2002Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Valley National Bank | Buyer | 22,312,256 | Acquisition | Discontinued | 7/1/2008 |
Bergen Commercial Bank | Seller | 292,181 | Pooling of Interests | Discontinued | 1/1/2006 |
Rock Community Bank | Seller | 73,477 | Pooling of Interests | Discontinued | 1/1/2006 |
First Savings Bank Of Little Falls, Fsb | Seller | 184,987 | Pooling of Interests | Discontinued | 4/1/1999 |
Family First Fsb | Seller | 50,566 | Acquisition | Discontinued | 4/9/1995 |
Relationships | Role | Relationship Start | Relationship End |
Greater Community Bancorp | Parent | 1/13/1986 | 6/30/2008 |
Greater Community Investment Company, Inc. | Subsidary | 6/30/2007 | 6/30/2008 |
Highland Capital Corp. | Subsidary | 6/30/2007 | 6/30/2008 |
Greater Community Redevelopment Llc | Subsidary | 10/24/2006 | 6/30/2008 |
Greater Community Investment Company, Inc. | Subsidary | 6/6/1988 | 6/29/2007 |
Highland Capital Corp. | Subsidary | 4/1/2002 | 6/29/2007 |
Greater Community Insurance, Inc. | Subsidary | 4/1/1999 | 3/3/2006 |
Redeem, Inc. | Subsidary | 4/1/1999 | 12/30/2003 |
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