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Overview / Commentary
609-465-5600
225 North Main Street
Cape May Court House, NJ 08210

Cape Bank is headquartered in Cape May Court H and is the 22nd largest bank in the state of New Jersey. It is also the 609th largest bank in the nation. It was established in 1923 and as of December of 2013, it had grown to 190 employees at 15 locations. Cape Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Cape Bank had $16.42 million in non-current loans and owned real-estate with $140.06 million in equity and loan loss allowances on hand to cover it. This gives Cape Bank a Texas Ratio of 11.72% which is above 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 Cape Bank decreased dramatically from 18.34% as of December 31, 2012 to 11.72% as of December 31, 2013, resulting in a positive change of 36.07%.This indicates that the balance sheet and financial strength for Cape Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Cape Bank has increased its total deposits by $13.08 million, resulting in 1.66% 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 Cape Bank has shown is above 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. Cape Bank has $1.09 billion in assets with $140.06 million in equity, resulting in a capitalization level of 12.82%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28395
Year Established1923
Employees190
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.09 billion
Loans$781.94 million
Deposits$800.32 million
Equity Capital$130.74 million
Loan Loss Allowance$9.33 million
Unbacked Noncurrent Loans$8.97 million
Real Estate Owned$7.45 million
Historic Data - December 2012
Assets$1.04 billion
Equity Capital$140.12 million
Loan Loss Allowance$9.85 million
Unbacked Noncurrent Loans$8.97 million
Real Estate Owned$7.22 million
Profit Margin - Quarterly
Net Interest Margin3.84%
Return on Assets0.56%
Return on Equity4.41%
Interest Income$41.43 million
Rates
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Cape Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100k-50+ Statement Savings
0.05%--Statement Savings

Cape Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.60%--4 Year CD
1.30%--3 Year CD
1.20%--2 Year CD
1.00%--10 Month CD
1.00%--5 Year CD
0.50%--18 Month CD
0.30%--1 Year CD
0.20%--91 Day CD
0.20%--182 Day CD
0.10%--30 Day CD
0.10%--60 Day CD

Cape Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%--4 Year IRA (Traditional,Roth,CESA)
1.30%--3 Year IRA (Traditional,Roth,CESA)
1.20%--2 Year IRA (Traditional,Roth,CESA)
1.00%--5 Year IRA (Traditional,Roth,CESA)
0.50%--18 Month IRA (Traditional,Roth,CESA)
0.30%--1 Year IRA (Traditional,Roth,CESA)
Locations

Cape Bank has 15 locations. Click to view all Cape Bank locations.