The Town Bank
Westfield, NJ — Domestic Branch of a Domestic Bank
Acquired Jan 2009
Vitals
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Total Assets211.6M -2.3 %
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Total Deposits165.3M -1.5 %
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Total Net Loans152.9M -3.2 %
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Net Income
-
Book Value42.2M -4.7 %
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Book Value x284.3M -4.7 %
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Book Value x3126.5M -4.7 %
Balance Sheet Highlights
| Financial Highlights | The Town Bank | All Insured Commercial Banks in New Jersey |
| Balance Sheet $(000) | ||
| Total Assets | 211,588 | 394,047 |
| Total Net Loans | 152,933 | 302,110 |
| Total Deposits | 165,339 | 311,196 |
| Total Equity | 42,153 | 43,310 |
| Profitability | ||
| Net Income | — | 6,855 |
| Return on Average Assets | — | .841 |
| Return on Average Equity | — | 8.482 |
| Net Interest Margin | 3.721 | 3.422 |
| Efficiency Ratio | 86.428 | 101.217 |
| Noninterest Income/Revenue | 2.267 | 19.297 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 92.497 | 89.368 |
| Securities/Assets | .097 | .364 |
| Total Equity/Total Assets | .199 | .11 |
| Tangible Equity/Tangible Assets | .076 | -.077 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 15,898 | 38,204 |
| Tier 2 Capital | 1,855 | 4,556 |
| Total Capital | 17,753 | 41,718 |
| Total Risk Weighted Assets | 148,116 | 289,376 |
| Leverage Ratio | 8.69 | 11.863 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 10.73 | 15.639 |
| Total Capital Ratio | 11.99 | 16.774 |
Timeline for The Town Bank
Two River Community Bank
The Town Bank was acquired by Two River Community Bank 15 years
View Profile Jan 01 2009
Two River Bancorp
Two River Bancorp became a new parent organization for The Town Bank.
View Profile Apr 01 2006
The Town Bank
The Town Bank was established 25 years ago and is currently headquartered in Westfield, NJ.
Oct 05 1998| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Two River Community Bank | Buyer | 908,710 | Pooling of Interests | Discontinued | 1/1/2009 |
| Relationships | Role | Relationship Start | Relationship End |
| Two River Bancorp | Parent | 4/1/2006 | 12/31/2008 |
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