“ACBB is extremely attentive and works very hard to make sure our needs are satisfied. They always respond quickly to any questions.
It’s a pleasure to work with the people at ACBB. We are always very happy with the service we receive.”

Peter Michelotti
President & CEO
Community Bank of Bergen County

Financial Highlights

ACBB'S Financial Information

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Consolidated Financial Highlights - March 31, 2016 (unaudited)

Net Income
$1,130,399
Total Assets
$551,585,076
Required Regulation F Information
 
Leverage Ratio
12.95%
Tier 1 Risk Based Capital Ratio
24.46%
Total Risk Based Capital Ratio
25.76%
Risk Based Assets to Capital Status-See Note Below
Well Capitalized
Loan Loss Reserve to NonPerforming Loans (inc. TDRs)
241.3%
Loan Loss Reserve to NonPerforming Assets
209.9%
Loan Loss Reserve to Total Loans
3.83%
NonPerforming Assets to Total Assets
0.75%
Loans 30 Days and Over Past Due and Accruing to Total Loans
0.29%

 

Additional Information for Correspondent Guidance

Ratio Trend Lines 3/31/16 12/31/15 9/30/15 6/30/15 3/31/15 12/31/14
Tier 1 Leverage 12.95% 12.19% 12.57% 12.45% 12.15% 12.18% 
Tier 1 Risk Based Capital 24.46% 24.19% 24.35% 24.46% 25.63% 26.01% 
Total Risk Based Capital 25.76% 25.48% 25.62% 25.71% 27.06% 27.29% 
NPAs to Total Assets 0.75% 0.87% 1.10% 1.33% 1.41% 1.52%
Loan Loss Reserve to Total Loans 3.83% 3.79% 4.04% 4.12% 4.48% 4.68% 
Texas Ratio 4.37% 6.04% 7.99% 9.09% 10.09% 10.66% 
Return on Average Assets 0.78% 0.59% 0.61% 0.61% 0.67% 0.73% 
Return on Average Equity 6.03% 4.74% 4.88% 4.97% 5.49% 5.97% 

 

Bank Insight Rating (formerly Thomson Reuters Peer Group Rating) - March 31, 2016

 76/A

 

Note: Per Regulation F, a bank is considered adequately capitalized if:

  1. Its leverage ratio is 4% or greater,
  2. Its Tier 1 Risk Based Capital Ratio is 4% or greater; and
  3. Its Total Risk Based Capital Ratio is 8% or greater.