Central Jersey Bancorp (CJBK)

Central Jersey Bancorp operates as the holding company for Central Jersey Bank, National Association, which provides various retail and commercial banking services to individual consumers, businesses, and professionals primarily in Monmouth County and Ocean County, New Jersey. The companys deposit product line comprises demand deposits, savings deposits, time deposits, individual retirement accounts, checking accounts, money market accounts, and certificates of deposits. Its loan product portfolio includes installment loans, real estate mortgage loans, commercial mortgage/construction loans, and small business loans, as well as consumer loans, such as secured and unsecured personal loans, home equity loans and lines of credit, overdraft lines of credit, and auto loans. The company also offers various services consisting of wire transfers, money orders, travelers checks, safe deposit boxes, night depositories, federal payroll tax deposits, bond coupon redemption, bank by mail, direct deposit, automated teller services, and telephone and Internet banking services. In addition, it provides various services, such as issuance of money orders, cashier checks and gift checks, U.S. Savings Bonds sales and redemptions, and debit and ATM cards. As of December 31, 2008, Central Jersey Bancorp operated 13 branch facilities located in Belmar, Bradley Beach, Long Branch, Manasquan, Point Pleasant, Spring Lake Heights, Little Silver, Neptune City, Ocean Grove, Oakhurst, and Wall Township, New Jersey. The company was founded in 1998 and is headquartered in Oakhurst New Jersey.

For the nine months ended 30 September 2006, Central Jersey Bancorp's interest income increased 20% to $21.8M. Net interest income after LLP decreased 3% to $12.4M. Net income decreased 2% to $1.8M. Net interest income reflects higher interest income & fees on loans, offset by increased interest expense on deposits. Net income reflects higher salaries & employee benefits expenses and lower service charges on deposit accounts income.