Last $5.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
NJCB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

new jersey community bank (NJCB) Snapshot

Open
$5.62
Previous Close
$5.00
Day High
$5.62
Day Low
$4.80
52 Week High
11/8/13 - $11.00
52 Week Low
07/9/14 - $4.80
Market Cap
9.5M
Average Volume 10 Days
643.7
EPS TTM
$0.01
Shares Outstanding
1.9M
EX-Date
--
P/E TM
500.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEW JERSEY COMMUNITY BANK (NJCB)

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new jersey community bank (NJCB) Details

New Jersey Community Bank provides various commercial and retail banking services primarily in Monmouth and Middlesex counties of New Jersey in the United States. The company offers a range of deposit products, including consumer and commercial checking accounts, as well as NOW, savings, time deposit, and individual retirement accounts. Its loan portfolio comprises commercial and residential real estate loans, business loans, revolving credit arrangements, lines of credit, and consumer loans. The company also offers various other services, including telephone banking, auto-transfer of funds, bank by mail, check image statements, direct deposit and withdrawal, ATM/Master money debit card, bill pay, Internet banking, official checks, switch kit for changes of automatic payments, and U.S. savings bonds. It operates three full-service banking offices in Freehold, Neptune City, and Cranbury. New Jersey Community Bank was incorporated in 2006 and is headquartered in Freehold, New Jersey.

Founded in 2006

new jersey community bank (NJCB) Top Compensated Officers

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Executives, Board Directors

new jersey community bank (NJCB) Key Developments

New Jersey Community Bank Announces Unaudited Financial Results for the First Quarter Ended March 31, 2014

New Jersey Community Bank announced unaudited financial results for the first quarter ended March 31, 2014. For the quarter, the company reported interest income of $1.367 million against $1.409 million a year ago. Net interest income was $1.116 million against $1.142 million a year ago. Loss before income tax expense was $0.003 million against income before income tax expense of $0.162 million a year ago. Net loss was $0.008 million or $0.00 per diluted share against net income of $0.090 million or $0.05 per diluted share a year ago. Book value per share was $7.51 against $8.31 a year ago. Negative return on average assets was 0.02% against 4.48% a quarter ago. Negative return on average common equity was 0.22% against 39.72% a quarter ago. The earnings for the quarter were negatively impacted due to increased levels of non-accruing loans, which in turn affected the interest income on loans.

New Jersey Community Bank Revises Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2013

New Jersey Community Bank revised unaudited consolidated financial results for the fourth quarter and year ended December 31, 2013. The Bank had originally reported on January 27, 2014, net loss of $212,000, or $0.11 per common share and earnings of $114,000, or $0.06 per common share, for the three months and year ended December 31, 2013, respectively. As revised, the Bank is now reporting net loss of $1.6 million, or $0.82 per common share and $1.2 million, or $0.65 per common share for the three months and year ended December 31, 2013. The change in the Bank's reported results is directly related to recording, as of December 31, 2013, a non-recurring $2.0 million litigation charge in connection with a judgment against the Bank relating to a loan on which the Bank was fully repaid. As a result of this decision, the Bank established a litigation reserve for the full $2.0 million while it is in the process for appealing the court's decision. In addition, the Bank recorded an additional provision for loan loss of $275,000 to adequately fund the allowance for loan loss relating to increased level of non-performing loans.

New Jersey Community Bank Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2013

New Jersey Community Bank reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2013. The company reported net loss of $212,000, or $0.11 per basic and diluted share for the three months ended December 31, 2013, compared to the fourth quarter 2012 earnings of $139,000, or $0.07 per basic and diluted share. For the quarter ended December 31, 2013, net interest income totaled $943,000, a decrease of $255,000 over $1,198,000 for the same period in the prior year. The decrease in net interest income was primarily due to a $313,000 decrease in total interest income offset by $58 thousand reduction in total interest expense. The decrease in total interest income was a result of a decline in interest income on loans due to an increase in non-performing loans. Total interest income was $1,187,000 against $1,500,000 for the same period of last year. Loss before income tax expense was $382,000 against income of $240,000 for the same period of last year. For the year 2012, the Bank reported net income of $114,000, or $0.06 per basic and diluted share compared with net income of $361,000, or $0.19 per basic and diluted share for the year 2012. The earnings for the year 2013 were negatively impacted by an increase in non-performing loans which in turn affected the interest income on loans, and an increase in the provision of loan and lease losses. For the full year ended December 31, 2013, net interest income totaled $4.5 million, decreasing $103,000 over $4.63 million for the full prior year. The decrease in net interest income was primarily due to a decline in total income resulting from an increase in non-performing loans offset by a reduction in interest paid on deposits resulting primarily from declining interest rates on deposits. Total interest income was $5,488,000 against $5,921,000 for the same period of last year. Income before income tax expense was $195,000 against $645,000 for the same period of last year. Book value per share was $8.15 against $8.23 for the same period of last year. Negative return on average assets was 0.60% against return of 0.42% for the same period of last year. Negative return on average common equity was 5.34% against return of 3.56% for the same period of last year.

 

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Carroll Bancorp Inc $16.50 USD 0.00
Clarion County Community Bank $5.30 USD 0.00
Cornerstone Bancorp/SC $4.40 USD +0.45
First Resource Bank/Exton PA $6.15 USD -0.10
Peoples Bancorp Inc/MD $13.50 USD 0.00
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Price/Earnings NM Not Meaningful
Price/Sales 2.3x
Price/Book 0.7x
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