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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 514st largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 105 employees at 9 locations. ConnectOne Bank has a A+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 ConnectOne Bank had $9.72 million in non-current loans and owned real-estate with $149.96 million in equity and loan loss allowances on hand to cover it. This gives ConnectOne Bank a Texas Ratio of 6.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for ConnectOne Bank experienced no significant changes from 5.83% as of March 31, 2013 to 6.48% as of March 31, 2014, resulting in a negative change of 11.18%. This indicates that the balance sheet and financial strength for ConnectOne Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, ConnectOne Bank has increased its total deposits by $228.76 million, resulting in 28.63% 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.



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 $1.35 billion in assets with $149.96 million in equity, resulting in a capitalization level of 11.13%, which is excellent.

Institution Statistics

FDIC Certificate #57919
Year Established2005
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.35 billion
Loans$1.23 billion
Deposits$1.03 billion
Equity Capital$132.93 million
Loan Loss Allowance$17.04 million
Unbacked Noncurrent Loans$8.85 million
Real Estate Owned$870,000
Historic Data - March 2013
Assets$1.01 billion
Equity Capital$122.44 million
Loan Loss Allowance$13.64 million
Unbacked Noncurrent Loans$8.85 million
Real Estate Owned$433,000
Profit Margin - Quarterly
Net Interest Margin3.75%
Return on Assets0.81%
Return on Equity7.94%
Interest Income$13.71 million

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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