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Overview / Commentary
4301 Landis Avenue
Sea Isle City, NJ 08243

1st Bank of Sea Isle City is headquartered in Sea Isle City and is the 71st largest bank in the state of New Jersey. It is also the 2,720th largest bank in the nation. It was established in 1882 and as of March of 2014, it had grown to 40 employees at 3 locations. 1st Bank of Sea Isle City has a B health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 1st Bank of Sea Isle City had $3.7 million in non-current loans and owned real-estate with $23.84 million in equity and loan loss allowances on hand to cover it. This gives 1st Bank of Sea Isle City a Texas Ratio of 15.54% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for 1st Bank of Sea Isle City decreased slightly from 19.95% as of March 31, 2013 to 15.54% as of March 31, 2014, resulting in a positive change of 22.09%.This indicates that the balance sheet and financial strength for 1st Bank of Sea Isle City has improved slightly in recent periods.

Deposit Growth


In the past year, 1st Bank of Sea Isle City has decreased its total deposits by -$10.55 million, resulting in -4.87% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Bank of Sea Isle City has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Bank of Sea Isle City has $232.64 million in assets with $23.84 million in equity, resulting in a capitalization level of 10.25%, which is above average.

Institution Statistics

FDIC Certificate #30367
Year Established1882
Primary RegulatorFDIC
Assets and Liabilities
Assets$232.64 million
Loans$179.92 million
Deposits$206.10 million
Equity Capital$22.68 million
Loan Loss Allowance$1.17 million
Unbacked Noncurrent Loans$2.60 million
Real Estate Owned$1.10 million
Historic Data - March 2013
Assets$241.60 million
Equity Capital$21.43 million
Loan Loss Allowance$1.34 million
Unbacked Noncurrent Loans$2.60 million
Real Estate Owned$1.78 million
Profit Margin - Quarterly
Net Interest Margin3.77%
Return on Assets0.41%
Return on Equity4.24%
Interest Income$2.26 million

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1st Bank of Sea Isle City Savings Account Rates

0.10%--Statement Savings

1st Bank of Sea Isle City Money Market Rates

0.10%$2,500-Money Market Deposit Account

1st Bank of Sea Isle City Checking Account Rates

0.10%$100-NOW Checking
0.10%$100-Small Business Checking

1st Bank of Sea Isle City CD Rates

1.00%$500-60 Month CD
0.96%$500-36 Month CD
0.92%$500-30 Month CD
0.90%$500-24 Month CD
0.80%$500-18 Month CD
0.55%$500-15 Month CD
0.45%$500-12 Month CD
0.36%$500-9 Month CD
0.35%$1k-182 Day CD
0.25%$1k-91 Day CD

1st Bank of Sea Isle City Locations
Swainton Branch1615 Route 9 NorthCape May Court House, NJ 8210
2072 Shore Rd Branch2072 S. Shore RoadSeaville, NJ 8230
1st Bank Of Sea Isle City4301 Landis AvenueSea Isle City, NJ 8243