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201-816-8900
301 Sylvan Avenue
Englewood Cliffs, NJ 07632

ConnectOne Bank is headquartered in Englewood Cliffs and is the 19st largest bank in the state of New Jersey. It is also the 534th largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 105 employees at 8 locations. ConnectOne Bank has a A+ health rating.

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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 ConnectOne Bank had $10.48 million in non-current loans and owned real-estate with $145.77 million in equity and loan loss allowances on hand to cover it. This gives ConnectOne Bank a Texas Ratio of 7.19% 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 ConnectOne Bank decreased slightly from 9.78% as of December 31, 2012 to 7.19% as of December 31, 2013, resulting in a positive change of 26.53%.This indicates that the balance sheet and financial strength for ConnectOne Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, ConnectOne Bank has increased its total deposits by $196.54 million, resulting in 25.55% 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 ConnectOne Bank has shown is excellent.

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. ConnectOne Bank has $1.24 billion in assets with $145.77 million in equity, resulting in a capitalization level of 11.73%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57919
Year Established2005
Employees105
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.24 billion
Loans$1.14 billion
Deposits$965.89 million
Equity Capital$129.79 million
Loan Loss Allowance$15.98 million
Unbacked Noncurrent Loans$9.18 million
Real Estate Owned$1.30 million
Historic Data - December 2012
Assets$929.26 million
Equity Capital$72.31 million
Loan Loss Allowance$13.25 million
Unbacked Noncurrent Loans$9.18 million
Real Estate Owned$433,000
Profit Margin - Quarterly
Net Interest Margin3.95%
Return on Assets0.96%
Return on Equity8.91%
Interest Income$47.36 million
Rates

Sorry, we do not have rate data for ConnectOne Bank

Locations


ConnectOne Bank Locations
Cresskill Branch1 Union AvenueCresskill, NJ 7626
Hackensack Branch142 John StreetHackensack, NJ 7601
1620 Lemoine Avenue Branch1620 Lemoine AvenueFort Lee, NJ 7024
Ridgewood Branch171 East Ridgewood AvenueRidgewood, NJ 7450
Connectone Bank301 Sylvan AvenueEnglewood Cliffs, NJ 7632
West New York Branch5914 Park AvenueWest New York, NJ 7093
Palisades Avenue Branch899 Palisades AvenueFort Lee, NJ 7024
Holmdel Branch963 Holmdel RoadHolmdel, NJ 7733