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Overview / Commentary
973-624-0865
900 Broad Street
Newark, NJ 07102

City National Bank (NJ) is headquartered in Newark and is the 64th largest bank in the state of New Jersey. It is also the 2,260th largest bank in the nation. It was established in 1973 and as of December of 2013, it had grown to 85 employees at 7 locations. City National Bank (NJ)'s money market rates are 59% higher than the national average, but it has a F health rating.

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Health

Data for Q4 2013

Institution Health

F

Texas Ratio

GRADE:
F

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 City National Bank (NJ) had $30.97 million in non-current loans and owned real-estate with $17.21 million in equity and loan loss allowances on hand to cover it. This gives City National Bank (NJ) a Texas Ratio of 179.94% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for City National Bank (NJ) increased slightly from 119.92% as of December 31, 2012 to 179.94% as of December 31, 2013, resulting in a negative change of 50.04%. This indicates that the balance sheet and financial strength for City National Bank (NJ) has declined slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, City National Bank (NJ) has decreased its total deposits by -$30.41 million, resulting in -10.28% 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.

Capitalization

GRADE:
C-

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 $285.12 million in assets with $17.21 million in equity, resulting in a capitalization level of 6.04%, which is below average.

Institution Statistics

Overall
FDIC Certificate #21111
Year Established1973
Employees85
Primary RegulatorOCC
Assets and Liabilities
Assets$285.12 million
Loans$155.69 million
Deposits$265.27 million
Equity Capital$8.09 million
Loan Loss Allowance$9.13 million
Unbacked Noncurrent Loans$26.78 million
Real Estate Owned$4.19 million
Historic Data - December 2012
Assets$330.66 million
Equity Capital$22.30 million
Loan Loss Allowance$9.76 million
Unbacked Noncurrent Loans$26.78 million
Real Estate Owned$2.17 million
Profit Margin - Quarterly
Net Interest Margin2.35%
Return on Assets-2.48%
Return on Equity-52.41%
Interest Income$9.87 million
Rates

Always verify rates and promotions with the bank or credit union. We are not City National Bank (NJ), we are a rate comparison website and can not provide official rates or promotions.

City National Bank (NJ) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%-$20kREWARDS Savings
0.35%$20k-Statement Saver
0.10%--Holiday Club
0.10%--REWARDS Savings

City National Bank (NJ) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.70%$100k-Consumer Money Market

City National Bank (NJ) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Personal Super NOW Checking

City National Bank (NJ) CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$500-5 + Year CD
1.40%$500-Business 5 + Year CD
1.20%$500-4 - 5 Year CD
1.20%$500-Business 4 - 5 Year CD
1.00%$500-3 - 4 Year CD
1.00%$500-Business 3 - 4 Year CD
0.60%$500-2 - 3 Year CD
0.60%$500-Business 2 - 3 Year CD
0.40%$500-1 - 2 Year CD
0.40%$500-Business 1 - 2 Year CD
0.30%$500-182 - 364 Day CD
0.30%$500-Business 182 - 364 Day CD
0.20%$500-91 - 181 Day CD
0.20%$500-Business 91 - 181 Day CD
0.15%$500-90 Day or less CD
0.15%$500-Business 90 Day or less CD
Locations


City National Bank (NJ) Locations
Newark South Side Branch1080 Bergen StreetNewark, NJ 7112
Paterson Branch125 BroadwayPaterson, NJ 7505
Springfield Avenue Branch241 Springfield AvenueNewark, NJ 7103
East New York Branch2815 Atlantic AvenueNew York City, NY 11207
302 Nassau Rd. Branch302 Nassau Rd.Roosevelt, NY 11575
West Harlem Branch382 West 125 StreetNew York, NY 10027
City National Bank Of New Jersey900 Broad StreetNewark, NJ 7102