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5527 Berkshire Valley Road
Oak Ridge, NJ 07438

Gibraltar Bank is headquartered in Oak Ridge and is the 95th largest bank in the state of New Jersey. It is also the 4,531st largest bank in the nation. It was established in 1909 and as of March of 2014, it had grown to 20 employees at 3 locations. Gibraltar Bank has a A health rating.

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My Checking Account Experience With Gibraltar

I have a checking account with them and find their service friendly and responsive. I like their one fee forgiveness feature.


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 Gibraltar Bank had $610,000 in non-current loans and owned real-estate with $13.56 million in equity and loan loss allowances on hand to cover it. This gives Gibraltar Bank a Texas Ratio of 4.50% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Gibraltar Bank decreased dramatically from 7.03% as of March 31, 2013 to 4.50% as of March 31, 2014, resulting in a positive change of 35.96%.This indicates that the balance sheet and financial strength for Gibraltar Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Gibraltar Bank has decreased its total deposits by -$2.5 million, resulting in -3.16% 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 Gibraltar Bank has shown is below average.



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. Gibraltar Bank has $108.14 million in assets with $13.56 million in equity, resulting in a capitalization level of 12.53%, which is excellent.

Institution Statistics

FDIC Certificate #30126
Year Established1909
Primary RegulatorOCC
Assets and Liabilities
Assets$108.14 million
Loans$90.25 million
Deposits$76.57 million
Equity Capital$12.59 million
Loan Loss Allowance$961,000
Unbacked Noncurrent Loans$403,000
Real Estate Owned$207,000
Historic Data - March 2013
Assets$108.34 million
Equity Capital$12.25 million
Loan Loss Allowance$981,000
Unbacked Noncurrent Loans$403,000
Real Estate Owned$207,000
Profit Margin - Quarterly
Net Interest Margin2.91%
Return on Assets0.1%
Return on Equity0.83%
Interest Income$988,000

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Gibraltar Bank Savings Account Rates

0.25%--Summer Goal Club
0.10%$2,500-Red Carpet Passbook Savings
0.10%$2,500-Red Carpet Statement Savings
0.10%$500-Basic Passbook Savings
0.10%$1,500-Basic Statement Savings

Gibraltar Bank Money Market Rates

0.30%$100k-Red Carpet Money Market Plus
0.20%$30k-Red Carpet Money Market

Gibraltar Bank Checking Account Rates

0.35%$7,500$35kRed Carpet NOW Interest Checking Plus
0.20%$4k$20kRed Carpet NOW Interest Checking
0.07%$750$15kBasic NOW Interest Checking

Gibraltar Bank CD Rates

1.50%$2,500-58 Month Red Carpet CD
1.25%$2,500-46 Month Red Carpet CD
1.15%$2,500-40 Month Red Carpet CD
1.00%$500-30 Month CD
0.95%$500-60 Month CD
0.80%$1k-60 Month Step Up CD
0.75%$2,500-25 Month Red Carpet CD
0.70%$500-48 Month CD
0.60%$500-42 Month CD
0.60%$1k-48 Month Step Up CD
0.55%$500-36 Month CD
0.40%$500-24 Month CD
0.35%$500-18 Month CD
0.20%$500-12 Month CD
0.15%$500-9 Month CD
0.10%$500-3 Month CD
0.10%$500-6 Month CD

Gibraltar Bank IRA Rates

1.50%$2,500-58 Month Red Carpet IRA
1.25%$2,500-46 Month Red Carpet IRA
1.15%$2,500-40 Month Red Carpet IRA
1.00%$500-30 Month IRA
0.95%$500-60 Month IRA
0.80%$1k-60 Month Step Up IRA
0.75%$2,500-25 Month Red Carpet IRA
0.70%$500-48 Month IRA
0.60%$500-42 Month IRA
0.60%$1k-48 Month Step Up IRA
0.55%$500-36 Month IRA
0.40%$500-24 Month IRA
0.35%$500-18 Month IRA
0.20%$500-12 Month IRA
0.15%$500-9 Month IRA
0.10%$500-6 Month IRA

Gibraltar Bank Locations
1039 So Orange Ave Branch1039 South Orange Ave.Newark, NJ 7106
2 Railroad Plaza Branch2 Railroad PlazaWhippany, NJ 7981
Gibraltar Bank5527 Berkshire Valley RoadOak Ridge, NJ 7438