Mid-Jersey National Bank
Somerville, NJ · Owner: Midmerica Bank Corp
$29.5M
total assets, June 30, 1991
$29.5M
total assets, June 30, 1991
Mid-Jersey National Bank was a national bank in Somerville, NJ, owned by Midmerica Bank Corp. It failed on Sep 20, 1991, and United Jersey Bank/central, took over its deposits. At its last report it held $29.5 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Sep 20, 1991
- Assets
- $29.5M
- Deposits
- $28.5M
- Estimated cost
- $6.0M
- Deposits went to
- United Jersey Bank/central,, West Windsor Tow, NJ
Total assets
$29.5M
-17.0% in a year · -8.4% in a quarter
Deposits
$28.5M
-12.2% in a year · -6.2% in a quarter
Loans
$21.7M
-17.9% in a year · -8.1% in a quarter
Profit so far
-$1.2M
Jan 1 to Jun 30, 1991 · -2614.9% in a year
Capital ratio
-0.52%
-5.96 pts in a year
Return on assets
-7.66%
-7.92 pts in a year
Facts
- Type
- National bank
- Head office
- 50 Division Street, Somerville, NJ, 08876
- County
- Somerset
- Holding company
- Midmerica Bank Corp
- Established
- Apr 13, 1987
- Failed
- Sep 20, 1991
- Employees
- 15
- Id
- b26946
Quarter by quarter
June 30, 1987 to June 30, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Mid-Jersey National Bank?
$29.5 million in total assets and $28.5 million in deposits as of June 30, 1991, with assets down 17.0% from a year before. Its loans were $21.7 million.
Is Mid-Jersey National Bank profitable?
No: it lost $1.18 million from January 1 to June 30, 1991. Its return on assets was -7.66% a year; about 1% is typical.
Who owns Mid-Jersey National Bank?
Mid-Jersey National Bank is owned by Midmerica Bank Corp, its holding company.
When did Mid-Jersey National Bank fail?
Sep 20, 1991. United Jersey Bank/central, of West Windsor Tow, NJ took over its deposits. The estimated cost of the failure was $6.01 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.