Vitals
  • Total Assets
    355.5M 3.5 %
  • Total Deposits
    308.1M 4.1 %
  • Total Net Loans
    244.4M 6.3 %
  • Net Income
    423000.0000 -49.8 %
  • Book Value
    40.8M 5.6 %
  • Book Value x2
    81.5M 5.6 %
  • Book Value x3
    122.2M 5.6 %
ROAA

.47

ROAE

4.149

Efficiency Ratio

76.506

Net Interest Margin

3.279

Balance Sheet Highlights
Financial Highlights Somerset Hills Bank All Insured Commercial Banks in New Jersey
Balance Sheet $(000)
Total Assets 355,468 608,160
Total Net Loans 244,436 389,372
Total Deposits 308,117 514,904
Total Equity 40,750 60,782
Profitability
Net Income 423 1,075
Return on Average Assets .47 .588
Return on Average Equity 4.149 5.689
Net Interest Margin 3.279 3.572
Efficiency Ratio 76.506 76.545
Noninterest Income/Revenue 14.669 25.746
Balance Sheet Ratios
Loan-to-Deposit 79.332 79.493
Securities/Assets .063 .167
Total Equity/Total Assets .115 .1
Tangible Equity/Tangible Assets .115 .093
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 40,431 57,733
Tier 2 Capital 3,192 5,370
Total Capital 43,623 63,071
Total Risk Weighted Assets 268,828 445,235
Leverage Ratio 11.22 9.574
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 15.04 13.109
Total Capital Ratio 16.23 14.362

Timeline for Somerset Hills Bank

Lakeland Bank

Somerset Hills Bank was acquired by Lakeland Bank 10 years

View Profile Jun 01 2013

Somh Holdings, Llc

Somh Holdings, Llc became a new subsidiary organization for Somerset Hills Bank.

View Profile Apr 17 2008

Somerset Hills Investment Holdings, Inc.

Somerset Hills Investment Holdings, Inc. became a new subsidiary organization for Somerset Hills Bank.

View Profile Jan 25 2006

Lakeland Title Group, Llc

Lakeland Title Group, Llc became a new subsidiary organization for Somerset Hills Bank.

View Profile Jun 24 2004

Lakeland Wealth Management Services, Llc

Lakeland Wealth Management Services, Llc became a new subsidiary organization for Somerset Hills Bank.

View Profile Jan 29 2002

Want to see more?

Complete timeline for Somerset Hills Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Lakeland Bank Buyer 4,893,899 Acquisition Discontinued 6/1/2013
Relationships Role Relationship Start Relationship End
Somerset Hills Bancorp Parent 1/1/2001 5/31/2013
Sullivan Financial Services, Inc. Subsidary 6/30/2007 5/31/2013
Lakeland Wealth Management Services, Llc Subsidary 1/29/2002 5/31/2013
Lakeland Title Group, Llc Subsidary 6/24/2004 5/31/2013
Somerset Hills Investment Holdings, Inc. Subsidary 6/30/2007 5/31/2013
Somh Holdings, Llc Subsidary 4/17/2008 5/31/2013
Sullivan Financial Services, Inc. Subsidary 1/1/2001 6/29/2007
Somerset Hills Investment Holdings, Inc. Subsidary 1/25/2006 6/29/2007
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