# CITY NB OF NEW JERSEY
NEWARK, NJ · FDIC certificate 21111 · asset band <$300M · latest filing 2019-09 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 9 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $120.6M | |
| Deposits | $111.2M | |
| Loans and leases | $63.8M | |
| Total equity | $3.5M | |
| Loans / deposits | 54.00% (p17 of band) | 77.79% |
| Liquid assets / assets | 42.46% (p74 of band) | |
| Uninsured deposits / deposits | 32.07% (p91 of band) | 15.94% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p21 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 2.61% (p0 of band) | 11.56% |
| Unrealized securities loss / equity | -3.63% (p1 of band) | 0.80% |
| AOCI / equity | 33.25% (p100 of band) | |
| ROA (annualized) | -1.36% (p2 of band) | 1.05% |
| Net interest margin | 4.09% (p66 of band) | 3.84% |
| Efficiency ratio | 148.21% (p99 of band) | |
| Noncurrent loans | 2.64% (p90 of band) | 0.56% |
| Net charge-offs (annualized) | 0.10% (p80 of band) | |
| Reserve coverage of noncurrent | 220.88% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 86.29% (p93 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -36.3% | |
| Employees | 51 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | brokered >10%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 5 |  |  |
| 2011-09 | 4 |  | brokered >10% |
| 2011-12 | 4 |  |  |
| 2012-03 | 6 | deposits shrinking, assets shrinking |  |
| 2012-06 | 8 | capital falling, charge-offs p90 |  |
| 2012-09 | 6 |  | deposits shrinking, assets shrinking |
| 2012-12 | 7 | leverage <7%, assets shrinking | charge-offs p90 |
| 2013-03 | 9 | NIM <2.5%, deposits shrinking |  |
| 2013-06 | 10 | AOCI drag >20% of equity, securities losses >30% of equity | deposits shrinking |
| 2013-09 | 10 |  |  |
| 2013-12 | 13 | leverage <5%, deposits shrinking |  |
| 2014-03 | 12 | uninsured deposits leaving | NIM <2.5%, AOCI drag >20% of equity |
| 2014-06 | 12 |  |  |
| 2014-09 | 12 |  |  |
| 2014-12 | 13 | construction >100% equity |  |
| 2015-03 | 12 |  | uninsured deposits leaving |
| 2015-06 | 11 |  | deposits shrinking |
| 2015-09 | 7 | deposits shrinking, uninsured deposits leaving | capital falling, leverage <7%, securities losses >30% of equity, leverage <5%, construction >100% equity |
| 2015-12 | 7 | leverage <7% | uninsured deposits leaving |
| 2016-03 | 6 | capital falling | assets shrinking, deposits shrinking |
| 2016-06 | 7 | deposits shrinking |  |
| 2016-09 | 9 | charge-offs p90, assets shrinking |  |
| 2016-12 | 10 | leverage <5% | deposits shrinking |
| 2017-03 | 10 | deposits shrinking | charge-offs p90 |
| 2017-06 | 10 |  |  |
| 2017-09 | 10 |  |  |
| 2017-12 | 8 | charge-offs p90 | noncurrent p90, reserve under noncurrent, capital falling |
| 2018-03 | 4 |  | losing money, assets shrinking, deposits shrinking, charge-offs p90 |
| 2018-06 | 11 | capital falling, securities losses >30% of equity, losing money, noncurrent p90, charge-offs p90, deposits shrinking, assets shrinking |  |
| 2018-09 | 10 |  | deposits shrinking |
| 2018-12 | 11 | deposits shrinking, uninsured deposits leaving | capital falling |
| 2019-03 | 9 |  | securities losses >30% of equity, losing money |
| 2019-06 | 8 | losing money | charge-offs p90, uninsured deposits leaving |
| 2019-09 | 9 | capital falling, uninsured deposits leaving | noncurrent p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=21111 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/55.json (key "21111", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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