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Overview / Commentary
201-862-0660
60 East Main Street
Bogota, NJ 07603

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.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Bogota Savings Bank had $2.49 million in non-current loans and owned real-estate with $54.44 million in equity and loan loss allowances on hand to cover it. This gives Bogota Savings Bank a Texas Ratio of 4.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Bogota Savings Bank decreased slightly from 6.06% as of December 31, 2012 to 4.58% as of December 31, 2013, resulting in a positive change of 24.48%.This indicates that the balance sheet and financial strength for Bogota Savings Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Bogota Savings Bank has increased its total deposits by $8.25 million, resulting in 2.34% 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

GRADE:
B+

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 $503.92 million in assets with $54.44 million in equity, resulting in a capitalization level of 10.80%, which is above average.

Institution Statistics

Overall
FDIC Certificate #29941
Year Established1893
Employees35
Primary RegulatorFDIC
Assets and Liabilities
Assets$503.92 million
Loans$399.48 million
Deposits$360.44 million
Equity Capital$52.82 million
Loan Loss Allowance$1.62 million
Unbacked Noncurrent Loans$2.49 million
Real Estate Owned$0
Historic Data - December 2012
Assets$459.68 million
Equity Capital$49.03 million
Loan Loss Allowance$1.48 million
Unbacked Noncurrent Loans$2.49 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.71%
Return on Assets0.84%
Return on Equity7.92%
Interest Income$16.68 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Bogota Savings Bank, we are a rate comparison website and can not provide official rates or promotions.

Bogota Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$500k-Statement Savings
0.35%$500k-Statement Savings - Online Only
0.30%$100k-IRA Statement Savings
0.26%--Holiday Club Account
0.26%--Bogota Kids Club Account
0.25%$2,500-Super Savings
0.20%$100-Regular Passbook Savings

Bogota Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$100k-Money Market Checking
0.35%$100k-Business Money Market Checking
0.35%$100k-Money Market Checking - Online Only

Bogota Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Blue Ribbon Checking

Bogota Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.97%$1k-5 Year CD
1.66%$1k-4 Year CD
1.41%$1k-3 Year CD
1.35%$1k-21 Month CD
1.14%$25k-17 Month Tiered CD - Online Only
1.11%$1k-2 Year CD
1.05%$350k$500k17 Month Tiered CD
1.01%$1k-18 Month CD
1.00%$1k-9 Month CD
1.00%$1k-6 Month CD - Online Only
0.85%$1k-33 Month CD
0.75%$1k-6 Month CD
0.75%$1k-30 Month CD
0.70%$1k-1 Year CD
0.70%$1k-27 Month CD
0.40%$1k-91 Day CD
0.35%$1k-15 Month CD
0.23%$1k-8 Month CD
0.23%$1k-10 Month CD

Bogota Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
2.07%$500-5 Year IRA
1.66%$500-4 Year IRA
1.41%$500-3 Year IRA
1.35%--21 Month IRA
1.11%$500-2 Year IRA
1.05%$350k$500k17 Month Tiered IRA
1.01%$500-18 Month IRA
1.00%$500-9 Month IRA
0.75%$500-6 Month IRA
0.75%$500-30 Month IRA
0.70%$500-1 Year IRA
0.70%$500-27 Month IRA
0.35%$500-15 Month IRA
Locations


Bogota Savings Bank Locations
Bogota Savings Bank60 East Main StBogota, NJ 7603
Classic Residence Branch655 Pomander WalkTeaneck, NJ 7666
Teaneck Branch819 Teaneck RoadTeaneck, NJ 7666