3.5 star ratingAverage User Rating:
3.5 star rating based on 3 reviews.

Atlantic Stewardship Bank

Atlantic Stewardship Bank Locations
630 Godwin Avenue
Midland Park, NJ 07432
(201) 444-7100
www.asbnow.com

FDIC

Atlantic Stewardship Bank is headquartered in Midland Park and is the 36th largest bank in the state of New Jersey. It is also the 960th largest bank in the nation. It was established in 1985 and as of March of 2013, it had grown to 145 employees at 14 locations. Atlantic Stewardship Bank has a 3-star health rating.

Related Posts

The Rate Goes Down To 3 (Forum) - 4/13/2010

The rate goes down to 3.75% on May 1st as per Atlantic. Still a good rate but there is no guarantee they won't lower it again. The 4.25% stayed for more than a year (since 02/17/09)  

Just Opened My Account And Found Out Rate Is Dropping To 3 (Forum) - 4/12/2010

Just opened my account and found out rate is dropping to 3.75% in May :(

Yes. This Bank Does Not Have The Intelligence To State On Their Website That The Account Must Be (Forum) - 4/6/2010

Yes. This bank does not have the intelligence to state on their website that the account must be opened up in person.

High-Yield Reward Checking Account at Atlantic Stewardship Bank in New Jersey - 4/15/2009

Atlantic Stewardship Bank is offering a reward checking account called Power Rate Checking. The account offers the following features if certain monthly requirements are met:4.25% APY on balances up to $25,0000.90% APY on balances over $25,0000.25% base...



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See Rates for: Checking | Savings | Money Market | CD | IRA

Atlantic Stewardship Bank Checking Account Rates

ApyMinMaxProduct
1.05%-$25kPower Rate Checking
0.20%$1m-Genesis Account
0.10%$50k-Now Account
0.10%$50k-Business NOW Account

Atlantic Stewardship Bank Savings Account Rates

ApyMinMaxProduct
0.20%$1m-Sterling Lifestyle Club Account
0.20%-$25kKid's Statement Savings
0.15%--Holiday Club
0.15%--Christmas Club
0.10%$50$25kStatement Savings
0.10%$50$25kIRA Variable Rate Savings
0.10%$50-Business Statement Savings
0.10%$50$25kRoth IRA Variable Rate Savings
0.10%$50$25kCESA Variable Rate Savings

Atlantic Stewardship Bank Money Market Rates

ApyMinMaxProduct
0.20%$1m-Premium Growth Account
0.20%$1m-Business Premium Growth Account
0.10%$1,500-Atlantic Money Market Account
0.10%$1,500-Business Atlantic Money Market Account

Atlantic Stewardship Bank CD Rates

ApyMinMaxProduct
0.40%$500-60 Month Power CD
0.40%$500-Business 60 Month Power CD
0.35%$10k-30 Month Power Flex CD
0.35%$500-48 - 60 Month Power CD
0.35%$500-Business 48 - 60 Month Power CD
0.30%$10k-20 Month Power Flex CD
0.30%$500-36 - 47 Month Power CD
0.30%$500-Business 36 - 47 Month Power CD
0.30%$500-60 Month CD
0.30%$500-Business 60 Month CD
0.25%$500-15 Month CD Special Offer
0.25%$500-24 - 35 Month Power CD
0.25%$500-Business 24 - 35 Month Power CD
0.25%$500-48 - 59 Month CD
0.25%$500-Business 48 - 59 Month CD
0.20%$500-9 Month CD Special Offer
0.20%$500-18 - 23 Month Power CD
0.20%$500-12 - 17 Month CD
0.20%$500-36 - 47 Month CD
0.20%$500-Business 12 - 17 Month CD
0.20%$500-Business 18 - 23 Month Power CD
0.20%$500-Business 36 - 47 Month CD
0.15%$500-180 - 364 Day CD
0.15%$500-24 - 35 Month CD
0.15%$500-Business 180 - 364 Day CD
0.15%$500-Business 24 - 35 Month CD
0.10%$500-30 - 89 Day CD
0.10%$500-90 - 179 Day CD
0.10%$500-18 - 23 Month CD
0.10%$500-Business 30 - 89 Day CD
0.10%$500-Business 90 - 179 Day CD
0.10%$500-Business 18 - 23 Month CD

Atlantic Stewardship Bank IRA Rates

ApyMinMaxProduct
0.50%$500-60 Month CESA Power CD
0.50%$500-60 Month IRA Power CD
0.50%$500-60 Month Roth IRA Power CD
0.40%$500-48 - 60 Month IRA Power CD
0.40%$500-48 - 60 Month Roth IRA Power CD
0.40%$500-48 - 60 Month CESA Power CD
0.40%$500-60 Month CESA CD
0.40%$500-60 Month IRA CD
0.40%$500-60 Month Roth IRA CD
0.35%$500-24 - 35 Month IRA Power CD
0.35%$500-36 - 47 Month IRA Power CD
0.35%$500-24 - 35 Month Roth IRA Power CD
0.35%$500-36 - 47 Month Roth IRA Power CD
0.35%$500-24 - 35 Month CESA Power CD
0.35%$500-36 - 47 Month CESA Power CD
0.30%$500-48 - 60 Month IRA CD
0.30%$500-48 - 60 Month Roth IRA CD
0.30%$500-48 - 60 Month CESA CD
0.25%$500-18 - 23 Month IRA Power CD
0.25%$500-24 - 35 Month IRA CD
0.25%$500-36 - 47 Month IRA CD
0.25%$500-18 - 23 Month Roth IRA Power CD
0.25%$500-24 - 35 Month Roth IRA CD
0.25%$500-36 - 47 Month Roth IRA CD
0.25%$500-18 - 23 Month CESA Power CD
0.25%$500-24 - 35 Month CESA CD
0.25%$500-36 - 47 Month CESA CD
0.15%$500-18 - 23 Month IRA CD
0.15%$500-18 - 23 Month Roth IRA CD
0.15%$500-18 - 23 Month CESA CD

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


Atlantic Stewardship Bank
FDIC Certificate #26390
BankRate ReportView
Year Established1985
Employees145
Primary RegulatorFDIC

Assets and Liabilities

Assets$692.39 million
Loans$432.18 million
Deposits$595.80 million
Equity Capital$62.77 million
Loan Loss Allowance$11.51 million
Unbacked Noncurrent Loans$17.53 million
Real Estate Owned$876,000

Historic Data - March 2012

Assets$710.05 million
Equity Capital$63.78 million
Loan Loss Allowance$13.10 million
Unbacked Noncurrent Loans$26.86 million
Real Estate Owned$3.84 million

Profit Margin - Quarterly

Net Interest Margin3.73%
Return on Assets0.56%
Return on Equity6.11%
Interest Income$6.90 million

Institution Health


Overall Score:
3 out of 5
3
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 March 31, 2013 Atlantic Stewardship Bank had $18.4 million in non-current loans and owned real-estate with $74.28 million in equity and loan loss allowances on hand to cover it. This gives Atlantic Stewardship Bank a Texas Ratio of 24.78% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Atlantic Stewardship Bank decreased slightly from 39.93% as of March 31, 2012 to 24.78% as of March 31, 2013, resulting in a positive change of 37.95%.This indicates that the balance sheet and financial strength for Atlantic Stewardship Bank has improved slightly in recent periods.
Deposit Growth2
In the past year, Atlantic Stewardship Bank has decreased its total deposits by -$6.44 million, resulting in -1.07% 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 Atlantic Stewardship Bank has shown is below average.
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. Atlantic Stewardship Bank has $692.39 million in assets with $74.28 million in equity, resulting in a capitalization level of 10.73%, which is above average.
Write Review

Great Service With Actual Interest
5 stars - tpld736 - Friday, December 30, 2011 - 3:10 PM

I have been a Power Checking account customer for 3 years and am very satisfied ASB. In exchange for having to 1) direct deposit my paycheck, 2) make a minimum of 10 debit transactions and 3) accept only electronic statements (i.e., no paper), ASB provides free checking with no minimum balance, full monthly ATM refunds, and interest which is 15x what my former Wachovia/Wells Fargo checking and savings for balances up to $25k.  Also, despite me visiting the branch for an average of 4 times a year, everyone from the Branch Manager to the tellers know who I am.

Downsides include 1) limited branches - if you live in Bergen County, there are plenty, but outside of that not much coverage, 2) $6 for online bill pay (free online banking though), and 3) they are not on the technological cutting edge - if you're looking for ATMs on every corner, smartphone banking apps and deposit by smart phone pictures, you'll be disappointed.

That being said, I earned $600 of interest and was refunded $250 of other bank's ATM fees last year.  I think that's well worth it.

3

Customer Service
5 stars - Anonymous - Wednesday, August 10, 2011 - 12:13 PM

By far the best customer service in the industry. The huge benefit of working with a small local bank!!

1

You Are Wasting Your Time Filling Out The Online Application
1 stars - Anonymous - Wednesday, March 31, 2010 - 3:56 PM

You are wasting your time filling out the online application. A visit toa local branch is required to open the account.

1
 
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