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Overview / Commentary
201-794-5840
19-01 Route 208
Fair Lawn, NJ 07410

Columbia Bank is a New Jersey-based bank that serves a wide range of customers, including consumers, entrepreneurs, corporations, developers, and local government entities. The bank offers personal and business banking products and services, as well as wealth management services and guidance.

On the personal banking side, Columbia’s checking accounts offer several options to suit a consumer’s financial needs, including a free account with no monthly fees and a high-interest bearing account that comes with avoidable balance requirements. Savings accounts that are available give consumers access to free services like a debit card and online bill pay. By opening both a checking and savings account with Columbia, customers can be reimbursed for ATM fees up to a certain amount. The bank’s money market accounts have a minimum daily balance requirement in order to earn interest and off higher levels of interest for increased account balance thresholds. Certificates of deposit (CDs) range in term lengths from 7 days to 84 months and IRAs from 3 to 72 months. Youth targeted banking is also available and consists of a savings account that comes with very low initial deposit and minimum to earn interest requirements.

Columbia Bank online banking provides a web-based platform for customers to view all of their account activity, make and schedule fund transfers, set email alerts, pay bills, and make loan payments. The banking system also comes with a financial management tool powered by Quicken that integrates Columbia bank accounts into budgeting software and allows customers to effectively manage their finances. Mobile banking apps have also been released by the bank and provide smartphone and tablet access to accounts to make banking on the go convenient and easy.

Columbia Bank was originally established in 1926 as Columbia Savings and Loan Association, before shifting to its current name in 1995. The bank is headquartered in Fair Lawn, New Jersey and serves its customers through numerous branches in the New Jersey and New York regions.

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Competitive IRA CD Rates and Bonuses at Columbia Bank - NJ Only - 3/10/2014

Last years I had mentioned the competitive IRA CD rates and the IRA cash bonuses at Columbia Bank in New Jersey. This promotion is still active. One thing that has changed is a higher 7-year IRA CD ra ...



Reviews (4)

Not A Good Bank If You Travel Outside Of The US

The debit/check card is very inconvenient.  We have to call frequently to verify transactions so that holds are released from our account.

Most recently, I called to clear our account for travel outside the US and even though I gave them our account number, they cleared only my card number for travel and not my husband's which we discovered when we were refused a purchase and had to borrow a friend's cell phone to make the international call to the bank.  (The rep gave the excuse that I had mentioned only MY travel and not my husband's which was not the case, showing the bank's complete lack of taking any responsibility).

We made 2 purchases since that time and now they've turned off access to our card again including online banking and the customer service center is of course closed so here we are in England for the Olympics and have absolutely no access to our money.

We'll be changing banks when we return home.

Great Service!

This is not a huge bank yet a good size. They treat you like you live in a small town and I have even had them call me personally when my balance ran low & a check came in. Great bank!

Not A Good Start

If I could give this place less than a one star rating I would.  I had just moved into the area and there is a Columbia Bank on the corner of my street, so I thought - how convenient - I'll open a checking account here.  Big mistake.  It has been almost three weeks since I opened my account, and I still do not have an ATM card or checks to access my money, due to the fact that the person who opened my account neglected to place the order for the ATM card & checks.  And when I asked about it, all I got was an oh well, too bad kind of attitude.  No one apologized or asked if they could do anything to help.  

Not a great way to treat a new customer.  Stay away from this bank.

Morlot Avenue Branch

This is an excellent local bank with good personal service that unfortunately varies widely from branch to branch. The branch on River Road in Fair Lawn is the best, with personable and intelligent staff. I have found that the branch on 208 is less accommodating, and I will never ever go to the Morlot Avenue branch again. Repeated rudeness on their part, and insisting that I come into the (empty) lobby to process transactions that are perfectly acceptable at the drive through successfully drove me away.



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 Columbia Bank (NJ) had $79 million in non-current loans and owned real-estate with $494.27 million in equity and loan loss allowances on hand to cover it. This gives Columbia Bank (NJ) a Texas Ratio of 15.98% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Columbia Bank (NJ) experienced no significant changes from 17.70% as of December 31, 2012 to 15.98% as of December 31, 2013, resulting in a positive change of 9.69%.This indicates that the balance sheet and financial strength for Columbia Bank (NJ) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Columbia Bank (NJ) has increased its total deposits by $304.83 million, resulting in 10.03% 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 Columbia Bank (NJ) has shown is excellent.

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. Columbia Bank (NJ) has $4.53 billion in assets with $494.27 million in equity, resulting in a capitalization level of 10.91%, which is above average.

Institution Statistics

Overall
FDIC Certificate #28834
Year Established1926
Employees556
Primary RegulatorOCC
Assets and Liabilities
Assets$4.53 billion
Loans$3.32 billion
Deposits$3.34 billion
Equity Capital$430.85 million
Loan Loss Allowance$63.42 million
Unbacked Noncurrent Loans$77.86 million
Real Estate Owned$1.14 million
Historic Data - December 2012
Assets$4.26 billion
Equity Capital$404.22 million
Loan Loss Allowance$54.90 million
Unbacked Noncurrent Loans$77.86 million
Real Estate Owned$1.81 million
Profit Margin - Quarterly
Net Interest Margin2.8%
Return on Assets0.53%
Return on Equity5.69%
Interest Income$161.09 million
Rates

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

Columbia Bank (NJ) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50-Holiday Club
0.20%$100-Passbook Savings
0.20%--Statement Savings
0.20%$100-Health Savings Account
0.20%--eAdvantage Savings

Columbia Bank (NJ) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$25k-Online eAdvantage Money Market

Columbia Bank (NJ) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$10k$250kOnline Yield Plus Checking
0.15%$500-NOW Safeguard
0.15%$1k-NOW Return Style

Columbia Bank (NJ) CD Rates

DetailsAPYMINMAXPRODUCT
2.15%$500-Online 84 Month CD
2.15%$500-84 Month CD
2.00%$500-Online 72 Month CD
2.00%$500-72 Month CD
1.75%$500-60 Month CD
1.75%$500-Online 60 Month CD
1.60%$500-48 Month CD
1.60%$500-Online 48 Month CD
1.35%$500-36 Month Advantage Plus CD
1.20%$500-36 Month CD
1.20%$500-Online 36 Month CD
1.01%$500-24 Month CD
1.01%$500-Online 24 Month CD
0.60%$500-18 Month CD
0.60%$500-20 Month CD
0.60%$500-Online 18 Month CD
0.40%$500-12 Month CD
0.40%$500-Online 12 Month CD
0.20%$2,500-7 Day CD
0.20%$2,500-28 Day CD
0.20%$500-91 Day CD
0.20%$500-182 Day CD
0.20%$500-9 Month CD
0.20%$500-Online 91 Day CD
0.20%$500-Online 6 Month CD
0.20%$500-Online 9 Month CD
Locations

Columbia Bank (NJ) has 44 locations. Click to view all Columbia Bank (NJ) locations.