Gibraltar Bank

5527 Berkshire Valley Road
Oak Ridge, NJ 7438
www.gibraltarbanknj.com

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Gibraltar Bank is headquartered in Oak Ridge and is the 105^th largest bank in the state of New Jersey. It is also the 4,989^th largest bank in the nation. It was established in 1909 and as of March of 2012, it had grown to 24 employees at 3 locations. Gibraltar Bank has a 5-star health rating.

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

Gibraltar Bank Checking Account Rates

Apy	Min	Max	Product
1.15%	$7,500	$35k	Red Carpet NOW Interest Checking Plus
0.45%	$4k	$20k	Red Carpet NOW Interest Checking
0.30%	$750	$15k	Basic NOW Interest Checking

Gibraltar Bank Savings Account Rates

Apy	Min	Max	Product
0.45%	$25k	-	Red Carpet Statement Savings
0.40%	$25k	-	Red Carpet Passbook Savings
0.35%	$500	-	Basic Passbook Savings
0.35%	$1,500	-	Basic Statement Savings
0.35%	-	-	Summer Goal Club

Gibraltar Bank Money Market Rates

Apy	Min	Max	Product
0.55%	$50k	-	Red Carpet Money Market Plus
0.50%	$30k	-	Red Carpet Money Market

Gibraltar Bank CD Rates

Apy	Min	Max	Product
1.80%	$2,500	-	55 Month Step Up CD
1.75%	$500	-	60 Month CD
1.55%	$1k	-	60 Month Step Up CD
1.40%	$500	-	48 Month CD
1.35%	$2,500	-	40 Month Red Carpet CD
1.35%	$500	-	42 Month CD
1.25%	$500	-	36 Month CD
1.10%	$2,500	-	25 Month Red Carpet CD
1.10%	$500	-	30 Month CD
1.05%	$500	-	24 Month CD
0.95%	$500	-	18 Month CD
0.80%	$2,500	-	15 Month Red Carpet CD
0.70%	$500	-	12 Month CD
0.50%	$500	-	9 Month CD
0.45%	$500	-	6 Month CD
0.25%	$500	-	3 Month CD

Gibraltar Bank IRA Rates

Apy	Min	Max	Product
1.80%	$2,500	-	55 Month Red Carpet IRA
1.75%	$500	-	60 Month IRA
1.40%	$500	-	48 Month IRA
1.35%	$2,500	-	40 Month Red Carpet IRA
1.35%	$500	-	42 Month IRA
1.25%	$500	-	36 Month IRA
1.10%	$2,500	-	25 Month Red Carpet IRA
1.10%	$500	-	30 Month IRA
1.05%	$500	-	24 Month IRA
0.95%	$500	-	18 Month IRA
0.80%	$2,500	-	15 Month Red Carpet IRA
0.70%	$500	-	12 Month IRA
0.50%	$500	-	9 Month IRA
0.45%	$500	-	6 Month IRA

Rates updated: 5/24/2012

Data for Q1 2012

Institution Statistics

Gibraltar Bank
OTS #	04804
FDIC Certificate #	30126
BankRate Report	View
Year Established	1909
Employees	24
Primary Regulator	OCC
Assets and Liabilities
Assets	$98.46 million
Loans	$81.09 million
Deposits	$71.95 million
Equity Capital	$12.02 million
Loan Loss Allowance	$784,000
Unbacked Noncurrent Loans	$228,000
Real Estate Owned	$207,000
Historic Data - March 2011
Assets	$94.55 million
Equity Capital	$11.62 million
Loan Loss Allowance	$940,000
Unbacked Noncurrent Loans	$1.57 million
Profit Margin - Quarterly
Net Interest Margin	3.61%
Return on Assets	0.27%
Return on Equity	2.23%
Interest Income	$1.13 million

Institution Health

Overall Score:

5 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, 2012 Gibraltar Bank had $435,000 in non-current loans and owned real-estate with $12.8 million in equity and loan loss allowances on hand to cover it. This gives Gibraltar Bank a Texas Ratio of 3.40% 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 significantly from 12.49% as of March 31, 2011 to 3.40% as of March 31, 2012, resulting in a positive change of 72.78%.This indicates that the balance sheet and financial strength for Gibraltar Bank has improved significantly in recent periods.
Deposit Growth
In the past year, Gibraltar Bank has decreased its total deposits by -$3.78 million, resulting in -5% 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.
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. Gibraltar Bank has $98.46 million in assets with $12.8 million in equity, resulting in a capitalization level of 13.00%, which is excellent.

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