Somerset Valley Bank
Somerville, NJ — Domestic Branch of a Domestic Bank
Acquired May 2007
Vitals
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Total Assets549.5M -3.5 %
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Total Deposits416.9M -6.3 %
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Total Net Loans312.4M 3.3 %
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Net Income489000.0000 -53.6 %
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Book Value93.8M -2.2 %
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Book Value x2187.5M -2.2 %
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Book Value x3281.3M -2.2 %
Balance Sheet Highlights
| Financial Highlights | Somerset Valley Bank | All Insured Commercial Banks in New Jersey |
| Balance Sheet $(000) | ||
| Total Assets | 549,490 | 526,799 |
| Total Net Loans | 312,417 | 410,787 |
| Total Deposits | 416,905 | 419,134 |
| Total Equity | 93,770 | 56,375 |
| Profitability | ||
| Net Income | 489 | 3,308 |
| Return on Average Assets | .345 | 1.021 |
| Return on Average Equity | 2.094 | 9.643 |
| Net Interest Margin | 3.261 | 3.557 |
| Efficiency Ratio | 85.392 | 82.448 |
| Noninterest Income/Revenue | 5.324 | 16.578 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 74.937 | 82.044 |
| Securities/Assets | .253 | .397 |
| Total Equity/Total Assets | .171 | .107 |
| Tangible Equity/Tangible Assets | .059 | -.018 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 35,253 | 48,395 |
| Tier 2 Capital | 2,995 | 8,383 |
| Total Capital | 38,248 | 53,141 |
| Total Risk Weighted Assets | 343,726 | 385,823 |
| Leverage Ratio | 6.94 | 11.064 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 10.26 | 15.135 |
| Total Capital Ratio | 11.13 | 16.247 |
Timeline for Somerset Valley Bank
Skylands Community Bank
Somerset Valley Bank was acquired by Skylands Community Bank 17 years
View Profile May 05 2007
Fulton Financial Corporation
Fulton Financial Corporation became a new parent organization for Somerset Valley Bank.
View Profile Jul 01 2005
Somerset Valley Investment Co., Inc.
Somerset Valley Investment Co., Inc. became a new subsidiary organization for Somerset Valley Bank.
View Profile Sep 01 1998
Svb Financial Services, Inc.
Svb Financial Services, Inc. became a new parent organization for Somerset Valley Bank.
View Profile Sep 03 1996
Somerset Valley Bank
Somerset Valley Bank was established 32 years ago and is currently headquartered in Somerville, NJ.
Dec 19 1991| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Skylands Community Bank | Buyer | 1,354,653 | Pooling of Interests | Discontinued | 5/5/2007 |
| Relationships | Role | Relationship Start | Relationship End |
| Fulton Financial Corporation | Parent | 7/1/2005 | 5/4/2007 |
| Svb Financial Services, Inc. | Parent | 9/3/1996 | 6/30/2005 |
| Somerset Valley Investment Co., Inc. | Subsidary | 9/1/1998 | 5/4/2007 |
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