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908-351-9900
400 Westminster Avenue
Elizabeth, NJ 07208

Crown Bank is headquartered in Elizabeth and is the 47th largest bank in the state of New Jersey. It is also the 1,360th largest bank in the nation. It was established in 1998 and as of December of 2013, it had grown to 110 employees at 16 locations. Crown Bank has a C- health rating.

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Health

Data for Q4 2013

Institution Health

C-

Texas Ratio

GRADE:
F

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 Crown Bank had $92.72 million in non-current loans and owned real-estate with $73.21 million in equity and loan loss allowances on hand to cover it. This gives Crown Bank a Texas Ratio of 126.65% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Crown Bank experienced no significant changes from 134.86% as of December 31, 2012 to 126.65% as of December 31, 2013, resulting in a positive change of 6.09%.This indicates that the balance sheet and financial strength for Crown Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
F

In the past year, Crown Bank has decreased its total deposits by -$61.32 million, resulting in -13.06% 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 Crown Bank has shown is poor.

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. Crown Bank has $493.1 million in assets with $73.21 million in equity, resulting in a capitalization level of 14.85%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34259
Year Established1998
Employees110
Primary RegulatorFDIC
Assets and Liabilities
Assets$493.10 million
Loans$388.28 million
Deposits$408.30 million
Equity Capital$62.66 million
Loan Loss Allowance$10.55 million
Unbacked Noncurrent Loans$71.29 million
Real Estate Owned$21.43 million
Historic Data - December 2012
Assets$562.11 million
Equity Capital$64.90 million
Loan Loss Allowance$8.45 million
Unbacked Noncurrent Loans$71.29 million
Real Estate Owned$22.95 million
Profit Margin - Quarterly
Net Interest Margin4.87%
Return on Assets0%
Return on Equity0.01%
Interest Income$27.20 million
Rates

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Locations

Crown Bank has 16 locations. Click to view all Crown Bank locations.