East River Bank

4341 Ridge Avenue
Philadelphia , PA 19129
267-295-6420
www.eastriverbank.com

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Related Blog Posts

Top Rates for Checking Account and CD Specials at East River Bank in Philly - Local Only - 5/14/2010

East River Bank continues to offer top rates on its checking account and CD specials. They've made some changes since my March post . First, they have a new website, and more importantly, they no lon ...

Top Checking Account and CD Rates at East River Bank in Philadelphia - Local Only - 3/18/2010

East River Bank continues to offer a very competitive rate on its Ultimate Checking Account. The rate is down a bit since my January post , but it remains competitive with a 2.01% APY for balances of ...

Competitive Checking Account and CD Special at East River Bank in Philadelphia - Local Only - 1/27/2010

East River Bank continues to offer a very competitive rate on its Ultimate Checking Account. The rate is down since my June post , but it remains competitive with a 2.10% APY for balances of at least ...

2.50% Checking Account and 2.50% 14-Month CD at East River Bank in Philadelphia - Local Only - 6/1/2009

East River Bank continues to offer a very competitive rate on its Ultimate Checking Account. The rate is down since my March post, but it remains competitive with a 2.50% APY for balances of at least $100. This is listed in the bank's rate table as of...

2009

3/20 - 2.80% 10-Month CD & 2.95% Checking at East River Bank in Philadelphia

2008

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See Rates for: Checking | Savings | Money Market | CD | IRA

Checking Accounts

	Apy	Min	Max	Product
	1.59%	$100	-	Go Green Checking
	1.30%	$5k	-	Celebration Club Checking
	1.00%	$1,500k	-	Business Flex Checking
	1.00%	$1,500k	-	Non-Profit Flex Checking
	0.25%	$25k	-	Flex Gold Checking
	0.25%	$25k	-	Flex Platinum Checking
	0.05%	$50	-	Student Checking
	0.05%	$100	-	Flexible Checking

Savings Accounts

	Apy	Min	Max	Product
	1.25%	$10k	-	Celebration Club Savings
	1.25%	$10k	-	Celebrate Kids Passbook Savings
	1.25%	$100k	-	Go Green Savings
	1.05%	$250k	$2,500k	Business Savings
	1.00%	-	-	Holiday Club
	1.00%	-	-	Vacation Club
	0.25%	$1k	-	EZ Escrow
	0.20%	-	-	Passbook Savings
	0.20%	-	-	Statement Savings
	0.20%	-	-	Youth Savings

Money Market Accounts

	Apy	Min	Max	Product
	1.15%	$250k	$1,500k	Personal Money Market
	1.05%	$250k	$2,500k	Business Money Market

Certificates of Deposit

	Apy	Min	Max	Product
	2.50%	$10k	-	60 Month Fixed Rate CD
	2.20%	$10k	-	48 Month Fixed Rate CD
	2.10%	$10k	-	36 Month Fixed Rate CD
	1.90%	$2k	-	20 Month Fixed Rate Certificate Special
	1.80%	$10k	-	30 Month Fixed Rate CD
	1.70%	$10k	-	24 Month Fixed Rate CD
	1.60%	$2k	-	14 Month Fixed Rate Certificate Special
	1.50%	$10k	-	18 Month Fixed Rate CD
	1.25%	$10k	-	12 Month Fixed Rate CD
	0.90%	$2k	-	10 Month Fixed Rate Certificate Special
	0.60%	$10k	-	6 Month Fixed Rate CD
	0.25%	$10k	-	91 Day CD

IRA Accounts

	Apy	Min	Max	Product
	2.50%	$10k	-	60 Month Fixed Rate IRA
	2.20%	$10k	-	48 Month Fixed Rate IRA
	2.10%	$10k	-	36 Month Fixed Rate IRA
	1.80%	$10k	-	30 Month Fixed Rate IRA
	1.70%	$10k	-	24 Month Fixed Rate IRA
	1.50%	$10k	-	18 Month Fixed Rate IRA
	1.25%	$10k	-	12 Month Fixed Rate IRA
	0.60%	$10k	-	6 Month Fixed Rate IRA
	0.25%	$10k	-	91 Day IRA

Institution Statistics

FDIC Certificate #	58171
BankRate Report	View
Year Established	2006
Employees	37
Primary Regulator	FDIC
Assets and Liabilities
Assets	$196.08 million
Loans	$141.82 million
Deposits	$168.10 million
Equity Capital	$15.29 million
Loan Loss Allowance	$2.20 million
Unbacked Noncurrent Loans	$2.31 million
Real Estate Owned	$1.42 million
Historic Data - March 2009
Assets	$151.63 million
Equity Capital	$14.57 million
Loan Loss Allowance	$2.20 million
Unbacked Noncurrent Loans	$1.35 million
Profit Margin - Quarterly
Net Interest Margin	3.54%
Return on Assets	0.36%
Return on Equity	4.52%
Interest Income	$2.50 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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, 2010 East River Bank had $3.73 million in non-current loans and owned real-estate with $17.49 million in equity and loan loss allowances on hand to cover it. This gives East River Bank a Texas Ratio of 21.34% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for East River Bank increased dramatically from 8.05% as of March 31, 2009 to 21.34% as of March 31, 2010, resulting in a negative change of 165.09%. This indicates that the balance sheet and financial strength for East River Bank has declined dramatically in recent periods.
Deposit Growth
In the past year, East River Bank has increased it's total deposits by $45.96 million, resulting in 37.62% 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 East River Bank has shown is excellent.
Capitalization
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. East River Bank has $196.08 million in assets with $17.49 million in equity, resulting in a capitalization level of 8.92%, which is below average.

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