Amboy Direct

3590 U.S. Highway 9
Old Bridge, NJ 08857
1-877-222-6269
www.amboydirect.com

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Amboy Direct is headquartered in Old Bridge and is the 14^st largest bank in the state of New Jersey. It is also the 330^th largest bank in the nation. It was established in 1888 and as of December of 2012, it had grown to 246 employees at 23 locations. Amboy Direct's money market rates are 70% higher than the national average, and it has a 3-star health rating.

New Amboy Direct Money Market Promotion for New Jersey Residents - 12/10/2012

Amboy Direct continues to offer promotional rates on its savings and money market accounts. The money market rate has gone down, but it's still competitive. Just like the last one, the money market ac ...

Amboy Direct Savings & Money Market Promotions for NJ Residents - 6/8/2012

Amboy Direct had been offering its new-customer eSavings promotions nationwide, but the promotion is now limited to New Jersey residents. On the plus side, the promotion has improved. The balance cap ...

Amboy Direct Savings Account Promotion for New Customers - 5/4/2012

Amboy Direct is offering a new-customer bonus on its eSavings account. New customers will receive 1.00% APY guaranteed to last one year from account opening. However, this APY is only guaranteed on th ...

4 Internet Banks That Offer Flexible CDs - 11/21/2011

With interest rates so low, certificates of deposit can be worrisome. No one wants to be stuck in a low-rate CD if interest rates shoot up. Some day in the future, rates will rise, and they could rise ...

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8/1 - Amboy Direct's Premium Savings Account Now 5.15%

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See Rates for: Savings | Money Market

Amboy Direct Savings Account Rates

Apy	Min	Max	Product
0.75%	-	$100k	Personal eSavings Time Deposit CD
0.65%	$300	$100k	Personal eSavings Account

Amboy Direct Money Market Rates

Apy	Min	Max	Product
0.80%	$25k	$250k	Business Money Market Maximizer
0.65%	$30k	$250k	Personal Money Market Maximizer

Rates updated: 5/21/2013

Data for Q4 2012

Institution Statistics

Amboy Bank
FDIC Certificate #	6423
BankRate Report	View
Year Established	1888
Employees	246
Primary Regulator	FED
Assets and Liabilities
Assets	$2.20 billion
Loans	$1.31 billion
Deposits	$1.70 billion
Equity Capital	$200.95 million
Loan Loss Allowance	$60.62 million
Unbacked Noncurrent Loans	$65.69 million
Real Estate Owned	$128.50 million
Historic Data - December 2011
Assets	$2.30 billion
Equity Capital	$192.51 million
Loan Loss Allowance	$60.62 million
Unbacked Noncurrent Loans	$122.35 million
Real Estate Owned	$146.27 million
Profit Margin - Quarterly
Net Interest Margin	3.39%
Return on Assets	0.49%
Return on Equity	5.46%
Interest Income	$84.37 million

Institution Health

Overall Score:

3 out of 5

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, 2012 Amboy Direct had $194.18 million in non-current loans and owned real-estate with $261.56 million in equity and loan loss allowances on hand to cover it. This gives Amboy Direct a Texas Ratio of 74.24% which is below 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 slightly from 106.12% as of December 31, 2011 to 74.24% as of December 31, 2012, resulting in a positive change of 30.04%.This indicates that the balance sheet and financial strength for Amboy Direct has improved slightly in recent periods.
Deposit Growth
In the past year, Amboy Direct has decreased its total deposits by -$68.87 million, resulting in -3.9% 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 below average.
Capitalization
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 $2.2 billion in assets with $261.56 million in equity, resulting in a capitalization level of 11.88%, which is above average.

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Vote: 0	Money Market Promotion OfferOtherOther	View Promo Details »
	Leave a Comment (1) »
	Anonymous - June 13, 2012 Note that the Money Market Maximizer account with the 1.25% rate has the ability to link to only ONE non-Amboy checking account. If you want to change the link to another bank after your initial set-up a form has to be mailed (i.e. you cannot do it on-line).

Vote: 0	Savings Account Promotion OfferSavingsOther	View Promo Details »
	Leave a Comment (1) »
	Anonymous - June 13, 2012 Note that the Money Market Maximizer account with the 1.25% rate has the ability to link to only ONE non-Amboy checking account. If you want to change the link to another bank after your initial set-up a form has to be mailed (i.e. you cannot do it on-line).

Vote: 0	Promotion for New Customers OfferSavingsOther	View Promo Details »
	Leave a Comment (2) »
	Anonymous - May 9, 2012 Closed my account a while ago, but Amboy Direct was the worst website I've ever seen for an online account. Anonymous - May 10, 2012 How is Amos Direct website worst compare to other Internet Banks? Please, explain.

Amboy Direct

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