1 star ratingAverage User Rating:
1 star rating based on 1 review.

1st Constitution Bank

1st Constitution Bank Locations
2650 Route 130 & DeyRoad
Cranbury, NJ 08512
609-655-4500
www.1stconstitution.com



1st Constitution Bank is headquartered in Cranbury and is the 30th largest bank in the state of New Jersey. It is also the 895th largest bank in the nation. It was established in 1989 and as of September of 2011, it had grown to 145 employees at 14 locations. 1st Constitution Bank has a 4-star health rating.

1st Constitution Bank Routing Number: 021207154

Related Posts

1St Constitution Direct Cuts Savings Account Rates (Forum) - 8/12/2010

1st Constitution Direct cut its Super Savings Account rates. The standard rate fell from 1.25% to 1.15% APY, and its promo rate for new customers fell from 1.50% to 1.25% APY. These rates apply to balances of at least $10K. Under $10K the rate is only 0.5

1st Constitution Direct Increases Savings Account Rate for New Customers (Forum) - 3/27/2010

1st Constitution Direct is now offering 1.50% APY for new customers only. This applies to the Direct Super Savings Internet Special. The standard rate remains the same: 1.25% APY for a $10K minimum balance and 0.50% for balances under $10K. Previously, t

The Best Savings Account with a History of Top Rates - 2/25/2010

After reading this NYT Bucks blog post , I thought it was time to provide an update on my list of the best online savings accounts. This NYT blog post used Bankrate's quarterly rankings to come up wi ...

1st Constitution Direct Savings Account Promo Rate Falls (Forum) - 2/4/2010

The 3mo promo rate fell from 1.50% to 1.25% APY. That's the same as the standard rate for balances over $10K (which can't be a good sign). The standard rate below $10K is now 0.50%. Refer to my 1st Constitution Direct review for more info and the rate hi

2009

2008





1st Constitution Bank Savings Account Rates

ApyMinMaxProduct
0.25%--Direct Super Savings Internet Special
0.25%--Direct Savings Account

Rates updated: 2/9/2012

Data for Q3 2011


Institution Statistics


1st Constitution Bank
FDIC Certificate #27552
BankRate ReportView
Year Established1989
Employees145
Primary RegulatorFDIC

Assets and Liabilities

Assets$742.46 million
Loans$430.78 million
Deposits$646.15 million
Equity Capital$69.35 million
Loan Loss Allowance$5.51 million
Unbacked Noncurrent Loans$5.49 million
Real Estate Owned$11.00 million

Historic Data - September 2010

Assets$691.66 million
Equity Capital$76.68 million
Loan Loss Allowance$5.73 million
Unbacked Noncurrent Loans$8.89 million
Real Estate Owned$1.73 million

Profit Margin - Quarterly

Net Interest Margin3.53%
Return on Assets0.6%
Return on Equity6.41%
Interest Income$21.49 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 September 30, 2011 1st Constitution Bank had $16.49 million in non-current loans and owned real-estate with $74.85 million in equity and loan loss allowances on hand to cover it. This gives 1st Constitution Bank a Texas Ratio of 22.03% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for 1st Constitution Bank increased slightly from 12.88% as of September 30, 2010 to 22.03% as of September 30, 2011, resulting in a negative change of 70.99%. This indicates that the balance sheet and financial strength for 1st Constitution Bank has declined slightly in recent periods.
Deposit Growth5
In the past year, 1st Constitution Bank has increased its total deposits by $108.23 million, resulting in 20.12% 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 excellent.
Capitalization4
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 $742.46 million in assets with $74.85 million in equity, resulting in a capitalization level of 10.08%, which is above average.
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We Have Been Dealing With This Bank For Many Years Without A Problem
1 stars - Anonymous - Friday, February 19, 2010 - 6:08 PM

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.

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