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885 Teaneck Road
Teaneck, NJ 07666

Cross River Bank is headquartered in Teaneck and is the 67th largest bank in the state of New Jersey. It is also the 2,434th largest bank in the nation. It was established in 2008 and as of March of 2014, it had grown to 55 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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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 Cross River Bank had $0 in non-current loans and owned real-estate with $28.31 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.

Deposit Growth


In the past year, Cross River Bank has increased its total deposits by $33.1 million, resulting in 19.59% 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 $265.2 million in assets with $28.31 million in equity, resulting in a capitalization level of 10.68%, which is above average.

Institution Statistics

FDIC Certificate #58410
Year Established2008
Primary RegulatorFDIC
Assets and Liabilities
Assets$265.20 million
Loans$178.03 million
Deposits$202.09 million
Equity Capital$26.37 million
Loan Loss Allowance$1.94 million
Real Estate Owned$0
Historic Data - March 2013
Assets$219.49 million
Equity Capital$23.83 million
Loan Loss Allowance$1.54 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.17%
Return on Assets1.02%
Return on Equity10.21%
Interest Income$3.05 million

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Cross River Bank Savings Account Rates

1.20%$500k-I Connect Select Tiered Savings
0.80%$500k-Prestige Business Tiered Savings
0.25%--I Connect Savings

Cross River Bank Money Market Rates

1.00%--Regular Money Market Account
0.75%--Business Prestige Money Market Checking

Cross River Bank Checking Account Rates

1.00%--NJ IOLTA Checking
0.75%--Attorney Trust Escrow
0.25%--I Connect Select Checking

Cross River Bank CD Rates

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 Bank885 Teaneck RoadTeaneck, NJ 7666