Amboy Direct

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

Amboy Direct is headquartered in Old Bridge and is the 11st largest bank in the state of New Jersey. It is also the 300th largest bank in the nation. It was established in 1888 and as of September of 2011, it had grown to 237 employees at 23 locations. Amboy Direct's money market rates are 70% higher than the national average, but it has a 2-star health rating.

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2006




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See Rates for: Savings | Money Market

Amboy Direct Savings Account Rates

ApyMinMaxProduct
0.75%$300$100kPersonal eSavings Account
0.75%$100$100kPersonal eSavings Time Deposit CD

Amboy Direct Money Market Rates

ApyMinMaxProduct
0.80%$25k$250kBusiness Money Marlet Maximizer
0.75%$30k$250kPersonal Money Market Maximizer

Rates updated: 2/8/2012

Data for Q3 2011


Institution Statistics


Amboy Bank
FDIC Certificate #6423
BankRate ReportView
Year Established1888
Employees237
Primary RegulatorFED

Assets and Liabilities

Assets$2.31 billion
Loans$1.43 billion
Deposits$1.74 billion
Equity Capital$221.72 million
Loan Loss Allowance$58.64 million
Unbacked Noncurrent Loans$109.78 million
Real Estate Owned$122.37 million

Historic Data - September 2010

Assets$2.50 billion
Equity Capital$208.00 million
Loan Loss Allowance$54.50 million
Unbacked Noncurrent Loans$127.59 million
Real Estate Owned$122.42 million

Profit Margin - Quarterly

Net Interest Margin3.31%
Return on Assets0.25%
Return on Equity2.59%
Interest Income$69.79 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio1
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 Amboy Direct had $232.15 million in non-current loans and owned real-estate with $280.36 million in equity and loan loss allowances on hand to cover it. This gives Amboy Direct a Texas Ratio of 82.80% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Amboy Direct held steady from 95.24% as of September 30, 2010 to 82.80% as of September 30, 2011, resulting in a positive change of 13.06%.This indicates that the balance sheet and financial strength for Amboy Direct has held steady in recent periods.
Deposit Growth1
In the past year, Amboy Direct has decreased its total deposits by -$161.35 million, resulting in -8.46% 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 poor.
Capitalization5
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 $2.31 billion in assets with $280.36 million in equity, resulting in a capitalization level of 12.13%, which is excellent.
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