Cross River Bank is headquartered in Teaneck and is the 68th largest bank in the state of New Jersey. It is also the 2,526th largest bank in the nation. It was established in 2008 and as of December of 2013, it had grown to 54 employees at 1 location. Cross River Bank's savings rates are 2X the national average, and it boasts a A+ health rating.
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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 Cross River Bank had $0 in non-current loans and owned real-estate with $27.15 million in equity and loan loss allowances on hand to cover it. This gives Cross River Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
In the past year, Cross River Bank has increased its total deposits by $22.32 million, resulting in 13.39% 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 Cross River 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. Cross River Bank has $251.7 million in assets with $27.15 million in equity, resulting in a capitalization level of 10.79%, which is above average.
|FDIC Certificate #||58410|
|Assets and Liabilities|
|Equity Capital||$25.36 million|
|Loan Loss Allowance||$1.79 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$23.54 million|
|Loan Loss Allowance||$1.49 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.83%|
|Return on Assets||1.13%|
|Return on Equity||10.5%|
|Interest Income||$10.10 million|
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|1.20%||$500k||-||I Connect Select Tiered Savings|
|0.80%||$500k||-||Prestige Business Tiered Savings|
|0.25%||-||-||I Connect Savings|
|1.00%||-||-||Regular Money Market Account|
|0.75%||-||-||Business Prestige Money Market Checking|
|1.00%||-||-||NJ IOLTA Checking|
|0.75%||-||-||Attorney Trust Escrow|
|0.25%||-||-||I Connect Select Checking|
|1.50%||$500||-||48 Month CD|
|1.20%||$500||-||36 Month CD|
|1.10%||$500||-||24 Month CD|
|1.00%||$500||-||18 Month CD|
|0.85%||$500||-||12 Month CD|
|0.25%||$500||-||6 Month CD|
|0.25%||$500||-||9 Month CD|
|0.20%||$500||-||3 Month CD|
|Cross River Bank Locations|
|Cross River Bank||885 Teaneck Road||Teaneck, NJ 7666|