City National Bank (NJ)

City National Bank (NJ) Locations
900 Broad Street
Newark, NJ 07102
973.624.0865
www.citynatbank.com

City National Bank (NJ) is headquartered in Newark and is the 59th largest bank in the state of New Jersey. It is also the 1,873rd largest bank in the nation. It was established in 1973 and as of September of 2011, it had grown to 91 employees at 7 locations. City National Bank (NJ) has a 1-star health rating.

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Competitive Long-Term CD Rates at City National Bank in NJ, NY & PA - Local Only - 3/18/2010

City National Bank continues to offer competitive long-term CD rates. The following rates are listed at the bank's rates page as of 3/18/2010: 3.50% APY 5 years and over 3.00% APY 4 years to ...

3.50% 5-year CD and 3.00% 4-year CD Continues at City National Bank in NY, NJ and PA - Local Only (Forum) - 1/19/2010

City National Bank continues to offer competitive long-term CD and IRA rates as of 1/19/2010. Refer to my December review for more details.

3.50% 60-Month CD at City National Bank in NJ, NY & PA - Local Only - 12/23/2009

City National Bank is offering competitive long-term CD rates. The following rates are listed at the bank's rates page as of 12/23/09:3.50% APY 5 years and over3.00% APY 4 years to under 5 years2.50% APY 3 years to under 4 years2.25% APY 2 years to under...



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

City National Bank (NJ) Checking Account Rates

ApyMinMaxProduct
0.30%$100k-Personal Super NOW Checking

City National Bank (NJ) Savings Account Rates

ApyMinMaxProduct
0.50%-$20kKasasa Saver
0.50%$20k-Statement Saver
0.10%--Holiday Club

City National Bank (NJ) Money Market Rates

ApyMinMaxProduct
0.95%$100k-Consumer Money Market

City National Bank (NJ) CD Rates

ApyMinMaxProduct
1.87%$500-5 + Year CD
1.87%$500-Business 5 + Year CD
1.60%$500-4 - 5 Year CD
1.60%$500-Business 4 - 5 Year CD
1.40%$500-3 - 4 Year CD
1.40%$500-Business 3 - 4 Year CD
1.00%$500-2 - 3 Year CD
1.00%$500-Business 2 - 3 Year CD
0.65%$500-1 - 2 Year CD
0.65%$500-Business 1 - 2 Year CD
0.40%$500-182 - 364 Day CD
0.40%$500-Business 182 - 364 Day CD
0.25%$500-90 Day or less CD
0.25%$500-91 - 181 Day CD
0.25%$500-Business 90 Day or less CD
0.25%$500-Business 91 - 181 Day CD

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


City National Bank of New Jersey
FDIC Certificate #21111
BankRate ReportView
Year Established1973
Employees91
Primary RegulatorOCC

Assets and Liabilities

Assets$349.63 million
Loans$208.40 million
Deposits$304.50 million
Equity Capital$30.46 million
Loan Loss Allowance$10.86 million
Unbacked Noncurrent Loans$40.67 million
Real Estate Owned$1.52 million

Historic Data - September 2010

Assets$447.86 million
Equity Capital$32.97 million
Loan Loss Allowance$9.25 million
Unbacked Noncurrent Loans$31.18 million
Real Estate Owned$1.75 million

Profit Margin - Quarterly

Net Interest Margin3.14%
Return on Assets-1.21%
Return on Equity-14.75%
Interest Income$11.71 million

Institution Health


Overall Score:
1 out of 5
1
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 City National Bank (NJ) had $42.19 million in non-current loans and owned real-estate with $41.32 million in equity and loan loss allowances on hand to cover it. This gives City National Bank (NJ) a Texas Ratio of 102.09% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for City National Bank (NJ) increased slightly from 76.62% as of September 30, 2010 to 102.09% as of September 30, 2011, resulting in a negative change of 33.25%. This indicates that the balance sheet and financial strength for City National Bank (NJ) has declined slightly in recent periods.
Deposit Growth1
In the past year, City National Bank (NJ) has decreased its total deposits by -$60.36 million, resulting in -16.54% 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 City National Bank (NJ) has shown is poor.
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. City National Bank (NJ) has $349.63 million in assets with $41.32 million in equity, resulting in a capitalization level of 11.82%, which is above average.
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