Bogota Savings Bank

60 East Main Street
Bogota, NJ 07603
201-862-0660
www.bogotasavingsbank.com

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For over 116 years Bogota Savings Bank has weathered many difficult periods and has endured to become the strong financial institution it is today. They focus on providing mortgage loans to local homeowners and small commercial businesses while offering attractive rates on deposit accounts. They service the financial needs of responsible individuals and business owners and are here to help you should you require guidance during these uncertain times.

3.25% 4-Year CD at Bogota Savings Bank in New Jersey - Local Only - 2/26/2010

Bogota Savings Bank is offering some competitive CD and IRA CD rates. The most competitive is the 4-year CD which has a 3.25% APY. Other decent deals include a 2.25% APY 2-year CD and a 1.90% APY 18- ...

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

Bogota Savings Bank Checking Account Rates

	Apy	Min	Max	Product
	0.50%	$100k	-	Blue Ribbon Checking

Bogota Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.60%	$100k	-	Statement Savings
0.60%	$100k	-	IRA Statement Savings
0.30%	-	-	Holiday Club Account
0.30%	-	-	Bogota Kids Club Account
0.30%	$2,500	-	Super Savings
0.25%	$100	-	Regular Passbook Savings

Bogota Savings Bank Money Market Rates

Apy	Min	Max	Product
0.60%	$50k	-	Money Market Checking
0.60%	$100k	-	Business Money Market Checking

Bogota Savings Bank CD Rates

Apy	Min	Max	Product
1.85%	$1k	-	5 Year CD
1.75%	$1k	-	4 Year CD
1.50%	$1k	-	3 Year CD
1.25%	$1k	-	30 Month CD
1.25%	$1k	-	33 Month CD
1.15%	$1k	-	2 Year CD
1.00%	$1k	-	21 Month CD
0.90%	$1k	-	18 Month CD
0.75%	$1k	-	1 Year CD
0.75%	$1k	-	15 Month CD
0.50%	$1k	-	6 Month CD
0.50%	$1k	-	8 Month CD
0.50%	$1k	-	9 Month CD
0.50%	$1k	-	10 Month CD
0.25%	$1k	-	91 Day CD

Bogota Savings Bank IRA Rates

Apy	Min	Max	Product
1.85%	$500	-	5 Year IRA
1.75%	$500	-	4 Year IRA
1.50%	$500	-	3 Year IRA
1.25%	$500	-	30 Month IRA
1.15%	$500	-	2 Year IRA
0.90%	$500	-	18 Month IRA
0.75%	$500	-	1 Year IRA
0.75%	$500	-	15 Month IRA
0.50%	$500	-	6 Month IRA
0.50%	$500	-	9 Month IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Bogota Savings Bank
FDIC Certificate #	29941
BankRate Report	View
Year Established	1893
Employees	31
Primary Regulator	FDIC
Assets and Liabilities
Assets	$417.59 million
Loans	$317.39 million
Deposits	$319.27 million
Equity Capital	$44.07 million
Loan Loss Allowance	$1.25 million
Unbacked Noncurrent Loans	$3.42 million
Real Estate Owned	$189,000
Historic Data - September 2010
Assets	$379.72 million
Equity Capital	$40.54 million
Loan Loss Allowance	$1.17 million
Unbacked Noncurrent Loans	$1.94 million
Profit Margin - Quarterly
Net Interest Margin	2.94%
Return on Assets	0.9%
Return on Equity	8.45%
Interest Income	$12.65 million

Institution Health

Overall Score:

5 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 September 30, 2011 Bogota Savings Bank had $3.61 million in non-current loans and owned real-estate with $45.32 million in equity and loan loss allowances on hand to cover it. This gives Bogota Savings Bank a Texas Ratio of 7.96% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Bogota Savings Bank held steady from 4.66% as of September 30, 2010 to 7.96% as of September 30, 2011, resulting in a negative change of 70.95%. This indicates that the balance sheet and financial strength for Bogota Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Bogota Savings Bank has increased its total deposits by $13.59 million, resulting in 4.45% 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 Bogota Savings Bank has shown is above 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. Bogota Savings Bank has $417.59 million in assets with $45.32 million in equity, resulting in a capitalization level of 10.85%, which is above average.