The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 9, 2021. Its latest SEC filing is a SC 13G/A from Feb 14, 2022.
10-Q for Q3 FY2021, filed Nov 9, 2021
The sections below describe the company as of the FY2020 annual report.
Provided commercial and retail banking services, including deposit accounts and loans, to individuals, small businesses and not-for-profit organizations in New Jersey.
10-K for FY2020, filed Mar 15, 2021
The bank earned transaction and overdraft fees from deposit customers when account activity occurred, while monthly account fees were earned over the month. It also earned debit-card fees as purchases were processed and fees for wires, safe-deposit boxes and other services when completed.
10-K for FY2020, filed Mar 15, 2021Service Charges on Deposits: The Company earns fees from its deposit account customers for transaction-based, account maintenance and…View ↗
Interchange Income: The Company earns interchange fees from debit cardholder transactions conducted through the Visa payment network.…View ↗
Other Income: The Company earns other fees from the execution of and receipt of wire transfers for customers, the rental of safe deposit…View ↗
$601K
10-K for FY2020, filed Mar 16, 2021
$601K ↗
Individuals and organizations, including businesses and not-for-profits, used its branches and digital banking channels. Borrowers also came through loan-officer contact and referrals from brokers, mortgage companies, builders, attorneys and other lenders.
10-K for FY2020, filed Mar 15, 2021The Bank is a commercial bank formed under the laws of the State of New Jersey and engages in the business of commercial and retail…View ↗
The Bank recognizes that retail and business customers want to receive service via their most convenient delivery channel, be it the…View ↗
The Bank’s lending activities include both commercial and consumer loans. Loan originations are derived from a number of sources, including…View ↗
Yes. Its net income in FY2020 was larger than its revenue.
10-K for FY2020, filed Mar 16, 2021
10-K for FY2020, filed Mar 16, 2021
$18.1MView ↗
8-K, filed Jan 6, 2022
As a result of the Merger, 1st Constitution no longer fulfills the listing requirements of the Nasdaq Global Market (“Nasdaq”). In…View ↗
Shrank. Revenue fell 98% in 4 years, from $39.1M in FY2016 to $601K in FY2020, about 65% a year.
Ocean County footprint
The bank added Ocean County to its described service area, including branches from Shore Community Bank; the older description listed other New Jersey counties as its principal markets.
10-K for FY2017, filed Mar 19, 2018 10-K for FY2020, filed Mar 15, 2021The Bank is a commercial bank formed under the laws of the State of New Jersey and engages in the business of commercial and retail…View ↗
Digital mortgage platform
The bank added a dedicated online mortgage platform for applications and communication with management, beyond its online loan applications and email contact.
10-K for FY2017, filed Mar 19, 2018 10-K for FY2020, filed Mar 15, 2021The Bank recognizes that customers want to receive service via their most convenient delivery channel, be it the traditional branch office…View ↗
The Bank recognizes that retail and business customers want to receive service via their most convenient delivery channel, be it the…View ↗
Competes with Bank of America, PNC Bank, JP Morgan Chase, Wells Fargo, Santander Bank, Provident Bank, and Investors Bank
10-K for FY2020, filed Mar 15, 2021The Bank experiences substantial competition in attracting and retaining deposits and in making loans. In attracting deposits and…View ↗
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