Kearny Federal Savings Bank
Kearny Federal Savings Bank was founded in 1884. By providing a superior level of service, they hope to earn your long-term loyalty and become your financial partner for many years to come. Whether it is a loan request, information on a deposit product or assistance with one of their other financial services, they pledge to respond quickly, professionally and in a manner that puts your needs first.
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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 Kearny Federal Savings Bank had $27.67 million in non-current loans and owned real-estate with $461.96 million in equity and loan loss allowances on hand to cover it. This gives Kearny Federal Savings Bank a Texas Ratio of 5.99% 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 Kearny Federal Savings Bank experienced no significant changes from 6.39% as of March 31, 2013 to 5.99% as of March 31, 2014, resulting in a positive change of 6.20%.This indicates that the balance sheet and financial strength for Kearny Federal Savings Bank has had no significant changes in recent periods.
Deposit Growth
In the past year, Kearny Federal Savings Bank has increased its total deposits by $244.96 million, resulting in 11.34% 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 Kearny Federal Savings 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. Kearny Federal Savings Bank has $3.36 billion in assets with $461.96 million in equity, resulting in a capitalization level of 13.77%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 28765 |
| Year Established | 1884 |
| Employees | 420 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $3.36 billion |
| Loans | $1.64 billion |
| Deposits | $2.41 billion |
| Equity Capital | $449.87 million |
| Loan Loss Allowance | $12.09 million |
| Unbacked Noncurrent Loans | $25.61 million |
| Real Estate Owned | $2.05 million |
| Historic Data - March 2013 | |
|---|---|
| Assets | $2.85 billion |
| Equity Capital | $462.05 million |
| Loan Loss Allowance | $10.76 million |
| Unbacked Noncurrent Loans | $25.61 million |
| Real Estate Owned | $3.69 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 2.46% |
| Return on Assets | 0.22% |
| Return on Equity | 1.62% |
| Interest Income | $24.00 million |
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Kearny Federal Savings Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.25% | $25 | - | Statement Savings IRA | |
| 0.15% | - | - | Passbook Savings | |
| 0.15% | - | - | KFS Kid's Club Account | |
| 0.15% | - | - | Holiday Club | |
| 0.15% | - | - | Statement Savings |
Kearny Federal Savings Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $50k | - | Tiered Money Market Account | |
| 0.10% | $2,500 | - | Money Market Account |
Kearny Federal Savings Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.76% | - | $25k | High Yield Checking - Qualifying | |
| 0.25% | $500 | - | Star Checking | |
| 0.10% | $100 | - | N.O.W. Checking | |
| 0.10% | $100 | - | Gen Gold Checking | |
| 0.05% | - | - | High Yield Checking - Non Qualifying |
Kearny Federal Savings Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.05% | $500 | - | 5 Year StarBanking Plus CD | |
| 1.90% | $500 | - | 5 Year CD | |
| 1.80% | $500 | - | 54 Month StarBanking Plus CD | |
| 1.65% | $500 | - | 4 Year StarBanking Plus CD | |
| 1.65% | $500 | - | 54 Month CD | |
| 1.50% | $500 | - | 4 Year CD | |
| 1.15% | $500 | - | 3 Year StarBanking Plus CD | |
| 1.00% | $500 | - | 3 Year CD | |
| 1.00% | $500 | - | 2 Year StarBanking Plus CD | |
| 0.90% | $1k | - | 29 Month Step-Up CD | |
| 0.85% | $500 | - | 2 Year CD | |
| 0.60% | $500 | - | 1 Year StarBanking Plus CD | |
| 0.45% | $500 | - | 1 Year CD | |
| 0.45% | $1k | - | 17 Month Step-Up CD | |
| 0.30% | $1k | - | 6 Month CD | |
| 0.15% | $1k | - | 91 Day CD | |
| 0.05% | $25k | - | 30 Day CD |
Kearny Federal Savings Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.05% | $500 | - | 5 Year StarBanking Plus IRA | |
| 1.90% | $500 | - | 5 Year IRA | |
| 1.80% | $500 | - | 54 Month StarBanking Plus IRA | |
| 1.65% | $500 | - | 4 Year StarBanking Plus IRA | |
| 1.65% | $500 | - | 54 Month IRA | |
| 1.50% | $500 | - | 4 Year IRA | |
| 1.15% | $500 | - | 3 Year StarBanking Plus IRA | |
| 1.00% | $500 | - | 3 Year IRA | |
| 1.00% | $500 | - | 2 Year StarBanking Plus IRA | |
| 0.90% | $1k | - | 29 Month Step-Up IRA | |
| 0.85% | $500 | - | 2 Year IRA | |
| 0.60% | $500 | - | 1 Year StarBanking Plus IRA | |
| 0.45% | $500 | - | 1 Year IRA | |
| 0.45% | $1k | - | 17 Month Step-Up IRA | |
| 0.30% | $100 | - | 1 Year Variable Rate IRA |
Kearny Federal Savings Bank has 41 locations. Click to view all Kearny Federal Savings Bank locations.