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3590 Nj Highway 9 South
Old Bridge, NJ 08857

Amboy Direct is headquartered in Old Bridge and is the 14st largest bank in the state of New Jersey. It is also the 336th largest bank in the nation. It was established in 1888 and as of March of 2014, it had grown to 252 employees at 23 locations. Amboy Direct's money market rates are 82% higher than the national average, and it has a B health rating.

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Reviews (1)

Amboy Direct-Great Experience!

I have nothing but good things to say about Amboy Direct. Everyone that I have dealt with has been wonderful and very helpful. I have also tried some other internet banks and Amboy is by far the best. The way Amboy Direct is set up is perfect for the way I like to bank. There is never any hassle and if there are small problems they are solved right away.


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 Amboy Direct had $123.9 million in non-current loans and owned real-estate with $297.53 million in equity and loan loss allowances on hand to cover it. This gives Amboy Direct a Texas Ratio of 41.64% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Amboy Direct decreased dramatically from 67.83% as of March 31, 2013 to 41.64% as of March 31, 2014, resulting in a positive change of 38.61%.This indicates that the balance sheet and financial strength for Amboy Direct has improved dramatically in recent periods.

Deposit Growth


In the past year, Amboy Direct has decreased its total deposits by -$17.34 million, resulting in -1.05% 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 Amboy Direct has shown is 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. Amboy Direct has $2.17 billion in assets with $297.53 million in equity, resulting in a capitalization level of 13.71%, which is excellent.

Institution Statistics

FDIC Certificate #6423
Year Established1888
Primary RegulatorFED
Assets and Liabilities
Assets$2.17 billion
Loans$1.30 billion
Deposits$1.63 billion
Equity Capital$238.50 million
Loan Loss Allowance$59.03 million
Unbacked Noncurrent Loans$22.56 million
Real Estate Owned$101.35 million
Historic Data - March 2013
Assets$2.16 billion
Equity Capital$211.91 million
Loan Loss Allowance$60.25 million
Unbacked Noncurrent Loans$22.56 million
Real Estate Owned$125.41 million
Profit Margin - Quarterly
Net Interest Margin3.21%
Return on Assets1.05%
Return on Equity9.62%
Interest Income$18.96 million
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Amboy Direct Savings Account Rates

0.65%$3k$100kPersonal eSavings Account

Amboy Direct Money Market Rates

0.80%$25k$250kBusiness Money Market Maximizer
0.65%$30k$250kPersonal Money Market Maximizer

Amboy Direct CD Rates

1.15%$10k$100kAnytime Access CD

Amboy Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 3590 Nj Highway 9 South - Old Bridge, NJ 08857