Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
2650 Route 130
Cranbury, NJ 08512

1st Constitution Bank is headquartered in Cranbury and is the 33rd largest bank in the state of New Jersey. It is also the 907th largest bank in the nation. It was established in 1989 and as of December of 2013, it had grown to 151 employees at 14 locations. 1st Constitution Bank's savings rates are 25% higher than the national average, and it has a B+ health rating.

Related Posts

Reviews (2)

We Have Been Dealing With This Bank For Many Years Without A Problem

We have been dealing with this bank for many years without a problem.  However we recently had a problem with an account and two employees blew us off.  First they told us we were wrong, then later on they admitted that we were correct and they would fix the problem.  They didn't take care of it.  We went to a third employee who we'd known for many years and she said she qould help and eventually she did.

I was very disappointed in not only the lack of expertise of bank "managers" but also the lack of concern over my account.  The fact that the two employees were incorrect was not as bothersome as the fact that they told me that it had been corrected when in fact it hadn't.

1St Constitution's Customer Service Is.....

We have banked with many banks over the years and found this bank to be below what is reasonably acceptable when it comes to customer service. Yes, they do make mistakes and they are not willing to fix or apologize for them. Not sure how they are "growing" with this type of customer service. I suggest you read all the fine print and ask to meet upper management before you make any sizable investment of your time and money at their bank. This bank is totally micro-managed and the branch level employees are merely there to meet and greet. Making any decisions or helping you work through a problem may land you in the "please don't bother" department. Beware!


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 1st Constitution Bank had $8.46 million in non-current loans and owned real-estate with $91.12 million in equity and loan loss allowances on hand to cover it. This gives 1st Constitution Bank a Texas Ratio of 9.28% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for 1st Constitution Bank decreased dramatically from 16.78% as of December 31, 2012 to 9.28% as of December 31, 2013, resulting in a positive change of 44.69%.This indicates that the balance sheet and financial strength for 1st Constitution Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, 1st Constitution Bank has decreased its total deposits by -$69.35 million, resulting in -9.8% 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 Constitution Bank 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 Constitution Bank has $742.32 million in assets with $91.12 million in equity, resulting in a capitalization level of 12.27%, which is excellent.

Institution Statistics

FDIC Certificate #27552
Year Established1989
Primary RegulatorFDIC
Assets and Liabilities
Assets$742.33 million
Loans$377.22 million
Deposits$638.61 million
Equity Capital$84.08 million
Loan Loss Allowance$7.04 million
Unbacked Noncurrent Loans$6.32 million
Real Estate Owned$2.14 million
Historic Data - December 2012
Assets$840.97 million
Equity Capital$80.46 million
Loan Loss Allowance$7.15 million
Unbacked Noncurrent Loans$6.32 million
Real Estate Owned$8.33 million
Profit Margin - Quarterly
Net Interest Margin3.36%
Return on Assets0.75%
Return on Equity7.34%
Interest Income$28.99 million
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not 1st Constitution Bank, we are a rate comparison website and can not provide official rates or promotions.

1st Constitution Bank Savings Account Rates

0.65%$10k-1st Choice Super Savings

1st Constitution Bank Checking Account Rates

0.65%$10k-1st Choice Checking

1st Constitution Bank has 14 locations. Click to view all 1st Constitution Bank locations.