Fulton Bank of New Jersey (merged into Fulton Bank)
Fulton Bank of New Jersey reported total assets of $4.2 bn at Q1 2019, its last Call Report before it merged into Fulton Bank. The CET1 capital ratio at Fulton Bank of New Jersey was 11.75%, and the uninsured share of Fulton Bank of New Jersey was 29.46%. Source: FDIC Call Reports.
What sets Fulton Bank of New Jersey apart
Nothing in the latest data sets Fulton Bank of New Jersey apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Fulton Bank of New Jersey?
The balance sheet of Fulton Bank of New Jersey at : assets $4.2 bn, deposits $3.6 bn, net loans $2.9 bn (loans equal to 80.05% of deposits). Securities make up 18.8% of total assets at Fulton Bank of New Jersey. Since , when Fulton Bank of New Jersey held $3.7 bn, its assets grew 14.7%. In the year to , deposits at Fulton Bank of New Jersey rose 6.1% while its total assets rose 6.5%. At , Fulton Bank of New Jersey employed 418 full-time equivalent staff across 63 offices, about $10.1 mn of assets per employee and $57.3 mn of deposits per office.
How much funding at Fulton Bank of New Jersey is uninsured?
At Fulton Bank of New Jersey, uninsured deposits (above the FDIC limit) made up 29.46% of domestic deposits at (+1.97 pp on a year earlier). In dollars, Fulton Bank of New Jersey estimated $1.1 bn of uninsured deposits.
Key facts, Q1 2019
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.6 bn | $3.4 bn (Q1 2018) | |
| Net loans and leases | $2.9 bn | $2.8 bn (Q1 2018) | |
| Loan-to-deposit ratio | 80.05% | 82.12% (Q1 2018) | |
| Tier 1 leverage ratio | 9.28% | 9.18% (Q1 2018) | |
| Total risk-based capital ratio | 13.00% | 12.94% (Q1 2018) | |
| Net interest margin | 3.59% | 3.45% (Q1 2018) | |
| Return on assets (ROA) | 1.09% | 1.10% (Q1 2018) | |
| Efficiency ratio | 62.01% | 70.23% (Q1 2018) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $5.5 mn | Rose by $5.5 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $1.7 mn | Narrowed by $16.9 mn | |
| Noncurrent loans to total loans | 0.94% | 1.08% (Q1 2018) | |
| Net charge-offs to average loans | 0.09% | 0.07% (Q1 2018) |
US rank of Fulton Bank of New Jersey: 1 = highest unless marked 1 = lowest.
Balance sheet
Fulton Bank of New Jersey: assets, deposits and loans
- Total assets $4.2bn
- Deposits $3.6bn
- Net loans $2.9bn
Capital and securities
The CET1 ratio of Fulton Bank of New Jersey stood at 11.75% in , +0.07 pp year on year. Low and high at Fulton Bank of New Jersey since : 11.16% () to 12.08% (). Equity capital of Fulton Bank of New Jersey at : $532.4 mn, or 12.6% of total assets. Fulton Bank of New Jersey also reported a total capital ratio of 13.00% for , and a tier 1 leverage ratio of 9.28%.
On held-to-maturity securities, Fulton Bank of New Jersey carried an unrealized gain of $5.5 mn at , equal to 1.0% of equity capital. The gain rose by $5.5 mn over the year. Its deepest point: $1.6 mn in . The available-for-sale portfolio of Fulton Bank of New Jersey showed an unrealized loss of $1.7 mn at ; the loss narrowed by $16.9 mn over the year.
Fulton Bank of New Jersey: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 9.3%
Fulton Bank of New Jersey: unrealized securities gains and losses
- Available for sale -$2mn
- Held to maturity $6mn
Profitability and loan quality
For the year to , Fulton Bank of New Jersey earned a return on equity of 8.61%; return on assets: 1.09%. Net interest margin at Fulton Bank of New Jersey: 3.59%, +0.14 pp in a year. Fulton Bank of New Jersey net income: $11.4 mn, up 3.1% year on year. The efficiency ratio of Fulton Bank of New Jersey was 62.01%: about 62 cents cost per revenue dollar, against 61 cents at the median peer.
At , noncurrent loans were 0.94% of total loans at Fulton Bank of New Jersey; net charge-offs: 0.09% of average loans. Gross loans and leases at Fulton Bank of New Jersey: $2.9 bn at , against $2.8 bn at .
Fulton Bank of New Jersey: profitability
- Return on equity 8.6%
- Net interest margin 3.6%
- Return on assets 1.1%
Peer group of Fulton Bank of New Jersey
The peer group of Fulton Bank of New Jersey is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Fulton Bank of New Jersey (state nonmember bank) and 0 have head offices in New Jersey. Against them, Fulton Bank of New Jersey shows CET1 ratio 11.75% against a peer median of 12.66%, return on equity 8.61% against a peer median of 10.37% and uninsured deposit share 29.46% against a peer median of 42.00%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| National Bank of Commerce | National bank | AL | $4.3 bn | 12.63% | -2.96% | 57.19% | |
| Five Star Bank | State member bank | NY | $4.3 bn | 11.25% | 12.51% | 29.03% | |
| CrossFirst Bank | State nonmember bank | KS | $4.3 bn | 11.00% | 8.56% | 41.94% | |
| Fulton Bank of New Jersey | State nonmember bank | NJ | $4.2 bn | 11.75% | 8.61% | 29.46% | |
| Franklin Synergy Bank | State member bank | TN | $4.2 bn | 13.04% | 5.70% | 42.05% | |
| The First National Bank of Long Island | National bank | NY | $4.2 bn | 14.99% | 12.17% | 51.34% | |
| Union Bank and Trust Company | State nonmember bank | NE | $4.2 bn | 12.70% | 12.27% | 11.71% | |
. FDIC Call Reports.
Last eight quarters
Two years at Fulton Bank of New Jersey, to : assets $3.9 bn to $4.2 bn, deposits $3.4 bn to $3.6 bn, equity $515.2 mn to $532.4 mn. Staff 449 to 418; offices 67 to 63.
| Metric | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.9 bn | $4.0 bn | $4.1 bn | $4.0 bn | $4.0 bn | $4.1 bn | $4.2 bn | $4.2 bn |
| Total deposits | $3.4 bn | $3.5 bn | $3.5 bn | $3.4 bn | $3.4 bn | $3.5 bn | $3.6 bn | $3.6 bn |
| Bank equity capital | $515.2 mn | $510.6 mn | $506.8 mn | $506.8 mn | $509.5 mn | $517.7 mn | $530.1 mn | $532.4 mn |
| CET1 ratio | 11.76% | 11.44% | 11.16% | 11.68% | 11.60% | 11.80% | 12.08% | 11.75% |
| Return on equity (ROE) | 5.71% | 5.45% | 4.77% | 8.76% | 7.83% | 9.53% | 9.17% | 8.61% |
| Uninsured share of domestic deposits | 28.51% | 28.21% | 29.03% | 27.48% | 26.41% | 28.83% | 31.39% | 29.46% |
| Full-time equivalent employees | 449 | 440 | 436 | 424 | 420 | 417 | 425 | 418 |
| Number of offices | 67 | 68 | 68 | 68 | 64 | 64 | 64 | 63 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Fulton Bank of New Jersey, oldest first; figures before and after each event are not like for like.
- . Merged into Fulton Bank, National Association (FDIC certificate 7551).
Questions and identifiers
What were the total assets of Fulton Bank of New Jersey?
Fulton Bank of New Jersey reported $4.2 bn at in its Call Report.
Is Fulton Bank of New Jersey the same as its holding company?
No. This page covers Fulton Bank of New Jersey, FDIC certificate 27614; FULTON FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Fulton Bank of New Jersey profitable?
Fulton Bank of New Jersey reported net income of $11.4 mn for the year to ; annualized return on equity: 8.61%. So yes: Fulton Bank of New Jersey made a profit over these months.
When is data for Fulton Bank of New Jersey next updated?
Fulton Bank of New Jersey no longer files Call Reports; its data ends at .
Where can I check the figures for Fulton Bank of New Jersey?
In the FDIC BankFind Suite record for certificate 27614, and in the Call Reports of Fulton Bank of New Jersey (RSSD ID 1407932) at the FFIEC Central Data Repository.