Cross River Bank

Cross River Bank Locations
885 Teaneck Road
Teaneck, NJ 7666
201-808-7000
www.crossriverbank.com

Cross River Bank is headquartered in Teaneck and is the 80th largest bank in the state of New Jersey. It is also the 3,127th largest bank in the nation. It was established in 2008 and as of March of 2012, it had grown to 27 employees at 1 location. Cross River Bank's money market rates are 2X the national average, and it boasts a 5-star health rating.

Cross River Bank Routing Number: 021214273

Related Posts

Top CD and Savings Account Rates Continue at Cross River Bank in NJ - Local Only - 11/29/2011

Cross River Bank continues to offer some competitive CD rates. The best deal is its 18-month CD which has a 1.75% APY. Its 1-year CD rate is also very competitive with a 1.25% APY. Its 3-year and 4-ye ...

Top CD and Savings Account Rates at Cross River Bank in NJ - Local Only - 7/7/2011

Cross River Bank continues to offer some top CD rates. The most competitive one is the 18-month CD which has a 1.75% APY. Some other noteworthy rates include the 3-year CD with a 2.25% APY and the 4-y ...

Competitive CD and Savings Account Rates at Cross River Bank in New Jersey - Local Only - 4/13/2011

Cross River Bank is offering several top rates on its savings account and CDs. Its savings account is called "I Connect Select Tiered Savings" and the top rate is 2.00% APY. However, this requires a m ...



Report an Issue
See Rates for: Checking | Savings | Money Market | CD

Cross River Bank Checking Account Rates

ApyMinMaxProduct
1.00%--NJ IOLTA Checking
0.75%--Attorney Trust Escrow

Cross River Bank Savings Account Rates

ApyMinMaxProduct
1.50%$500k-Prestige Business Tiered Savings
1.15%$500k-I Connect Select Tiered Savings
0.50%--I Connect Savings

Cross River Bank Money Market Rates

ApyMinMaxProduct
1.00%--Business Prestige Money Market Checking Account

Cross River Bank CD Rates

ApyMinMaxProduct
1.75%$500-48 Month CD
1.50%$500-36 Month CD
1.15%$500-24 Month CD
1.00%$500-18 Month CD
0.85%$500-12 Month CD
0.50%$500-9 Month CD
0.35%$500-6 Month CD
0.20%$500-3 Month CD

Rates updated: 5/24/2012

Data for Q1 2012


Institution Statistics


Cross River Bank
FDIC Certificate #58410
BankRate ReportView
Year Established2008
Employees27
Primary RegulatorFDIC

Assets and Liabilities

Assets$199.28 million
Loans$129.22 million
Deposits$161.49 million
Equity Capital$21.59 million
Loan Loss Allowance$1.43 million
Unbacked Noncurrent Loans$488,000

Historic Data - March 2011

Assets$124.35 million
Equity Capital$14.69 million
Loan Loss Allowance$941,000

Profit Margin - Quarterly

Net Interest Margin3.84%
Return on Assets1.1%
Return on Equity11.26%
Interest Income$2.47 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 March 31, 2012 Cross River Bank had $488,000 in non-current loans and owned real-estate with $23.02 million in equity and loan loss allowances on hand to cover it. This gives Cross River Bank a Texas Ratio of 2.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth5
In the past year, Cross River Bank has increased its total deposits by $58.64 million, resulting in 57.02% 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.
Capitalization4
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 $199.28 million in assets with $23.02 million in equity, resulting in a capitalization level of 11.55%, which is above average.
Write Review

No reviews have been left for this bank yet. Be the first to review.


 
Featured Accounts
Nationwide Savings Accounts