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

Crown Bank is headquartered in Elizabeth and is the 46th largest bank in the state of New Jersey. It is also the 1,351st largest bank in the nation. It was established in 1998 and as of March of 2014, it had grown to 113 employees at 16 locations. Crown Bank has a C- health rating.

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Health

Data for Q1 2014

Institution Health

C-

Texas Ratio

GRADE:
F

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 Crown Bank had $88.47 million in non-current loans and owned real-estate with $73.96 million in equity and loan loss allowances on hand to cover it. This gives Crown Bank a Texas Ratio of 119.62% 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 132.49% as of March 31, 2013 to 119.62% as of March 31, 2014, resulting in a positive change of 9.72%.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 -$67.35 million, resulting in -14.3% 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 $499.23 million in assets with $73.96 million in equity, resulting in a capitalization level of 14.82%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34259
Year Established1998
Employees113
Primary RegulatorFDIC
Assets and Liabilities
Assets$499.23 million
Loans$371.73 million
Deposits$403.61 million
Equity Capital$63.49 million
Loan Loss Allowance$10.47 million
Unbacked Noncurrent Loans$66.69 million
Real Estate Owned$21.78 million
Historic Data - March 2013
Assets$564.24 million
Equity Capital$65.77 million
Loan Loss Allowance$9.85 million
Unbacked Noncurrent Loans$66.69 million
Real Estate Owned$27.73 million
Profit Margin - Quarterly
Net Interest Margin5.5%
Return on Assets0.3%
Return on Equity2.32%
Interest Income$6.86 million
Rates

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Locations

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