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877-222-6269
3590 U.S. Highway 9
Old Bridge, NJ 08857

Amboy Direct is headquartered in Old Bridge and is the 12st largest bank in the state of New Jersey. It is also the 337th largest bank in the nation. It was established in 1888 and as of December of 2013, it had grown to 262 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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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C

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 Amboy Direct had $128.13 million in non-current loans and owned real-estate with $290.93 million in equity and loan loss allowances on hand to cover it. This gives Amboy Direct a Texas Ratio of 44.04% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Amboy Direct decreased dramatically from 73.86% as of December 31, 2012 to 44.04% as of December 31, 2013, resulting in a positive change of 40.37%.This indicates that the balance sheet and financial strength for Amboy Direct has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Amboy Direct has decreased its total deposits by -$95.26 million, resulting in -5.61% 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

GRADE:
A+

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 $2.13 billion in assets with $290.93 million in equity, resulting in a capitalization level of 13.64%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #6423
Year Established1888
Employees262
Primary RegulatorFED
Assets and Liabilities
Assets$2.13 billion
Loans$1.28 billion
Deposits$1.60 billion
Equity Capital$232.12 million
Loan Loss Allowance$58.81 million
Unbacked Noncurrent Loans$27.28 million
Real Estate Owned$100.85 million
Historic Data - December 2012
Assets$2.20 billion
Equity Capital$200.95 million
Loan Loss Allowance$60.62 million
Unbacked Noncurrent Loans$27.28 million
Real Estate Owned$128.50 million
Profit Margin - Quarterly
Net Interest Margin3.28%
Return on Assets1.36%
Return on Equity13.56%
Interest Income$77.95 million
Rates
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Amboy Direct Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%$3k$100kPersonal eSavings Account

Amboy Direct Money Market Rates

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

Amboy Direct CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$10k$100kAnytime Access CD
Locations

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