1536 Oak Tree Road
Iselin, NJ 08830
732-603-8200
www.indusamericanbank.com



Indus American Bank is headquartered in Iselin and is the 81st largest bank in the state of New Jersey. It is also the 2,953rd largest bank in the nation. It was established in 2005 and as of September of 2011, it had grown to 53 employees at 4 locations. Indus American Bank has a 3-star health rating.

Indus American Bank Routing Number: 021214066

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3.00% 30-Month CD at Indus American Bank in NJ & NY - 11/24/2009

Update 12/29/09: The 30-month CD special is no longer listed at the bank's website. I called the bank, and according to the CSR, the special is still available, but there's now a balance cap of $25,000. Also, it's now only available to New York and New...



See Rates for: Checking | Savings | CD | IRA

Indus American Bank Checking Account Rates

ApyMinMaxProduct
1.00%$100k-Indus Power Checking

Indus American Bank Savings Account Rates

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0.70%$100k-Power Statement Savings

Indus American Bank CD Rates

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1.69%$2k-60 Month CD
1.44%$2k-48 Month CD
1.19%$2k-36 Month CD
1.09%$2k-24 Month CD
0.90%$2k-12 Month CD
0.90%$2k-18 Month Bump Up CD
0.50%$2k-6 Month CD
0.25%$2k-3 Month CD
0.15%$2k-1 Month CD

Indus American Bank IRA Rates

ApyMinMaxProduct
1.69%$2k-60 Month IRA
1.44%$2k-48 Month IRA
1.19%$2k-36 Month IRA
1.09%$2k-24 Month IRA
0.90%$2k-12 Month IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Indus American Bank
FDIC Certificate #57983
BankRate ReportView
Year Established2005
Employees53
Primary RegulatorFDIC

Assets and Liabilities

Assets$211.42 million
Loans$163.69 million
Deposits$155.40 million
Equity Capital$16.95 million
Loan Loss Allowance$3.85 million
Unbacked Noncurrent Loans$12.90 million
Real Estate Owned$244,000

Historic Data - September 2010

Assets$211.75 million
Equity Capital$18.36 million
Loan Loss Allowance$3.04 million
Unbacked Noncurrent Loans$7.56 million

Profit Margin - Quarterly

Net Interest Margin3.89%
Return on Assets-0.2%
Return on Equity-2.43%
Interest Income$8.59 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 September 30, 2011 Indus American Bank had $13.15 million in non-current loans and owned real-estate with $20.8 million in equity and loan loss allowances on hand to cover it. This gives Indus American Bank a Texas Ratio of 63.20% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Indus American Bank increased slightly from 35.36% as of September 30, 2010 to 63.20% as of September 30, 2011, resulting in a negative change of 78.74%. This indicates that the balance sheet and financial strength for Indus American Bank has declined slightly in recent periods.
Deposit Growth4
In the past year, Indus American Bank has increased its total deposits by $7.28 million, resulting in 4.92% 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 Indus American Bank has shown is above average.
Capitalization3
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. Indus American Bank has $211.42 million in assets with $20.8 million in equity, resulting in a capitalization level of 9.84%, which is average.
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