Kearney Federal Savings Bank

614 Kearny Avenue
Kearny, NJ 07032
1-800-273-3406
www.kearnyfederalsavings.com

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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.

Rate Drop (Forum) - 11/27/2010

Second rate drop for this bank in less than 2 months. Dropped their RCA rate from 3.01% to 2.51% APY

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

Kearney Federal Savings Bank Checking Account Rates

Apy	Min	Max	Product
1.76%	-	$25k	High Yield Checking - Qualifying
0.40%	$500	-	Star Checking
0.25%	$100	-	N.O.W. Checking
0.25%	$100	-	Gen Gold Checking
0.05%	-	-	High Yield Checking - Non Qualifying

Kearney Federal Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.40%	-	-	KFS Kid's Club Account
0.30%	-	-	Passbook Savings
0.30%	-	-	Holiday Club
0.30%	-	-	Statement Savings

Kearney Federal Savings Bank Money Market Rates

Apy	Min	Max	Product
0.50%	$50k	-	Tiered Money Market Account
0.25%	$2,500	-	Money Market Account

Kearney Federal Savings Bank CD Rates

Apy	Min	Max	Product
1.90%	$500	-	5 Year StarBanking CD
1.75%	$500	-	5 Year CD
1.50%	$500	-	3 Year StarBanking CD
1.35%	$500	-	3 Year CD
1.15%	$500	-	2 Year StarBanking CD
1.00%	$500	-	2 Year CD
0.75%	$1k	-	29 Month Step-Up CD
0.65%	$500	-	1 Year StarBanking CD
0.50%	$500	-	1 Year CD
0.40%	$1k	-	6 Month CD
0.40%	$1k	-	17 Month Step-Up CD
0.25%	$1k	-	91 Day CD
0.25%	$1k	-	4 Month CD
0.10%	$25k	-	30 Day CD

Kearney Federal Savings Bank IRA Rates

Apy	Min	Max	Product
1.90%	$500	-	5 Year StarBanking IRA
1.90%	$500	-	5 Year StarBanking Roth IRA
1.90%	$500	-	5 Year StarBanking CESA
1.75%	$500	-	5 Year IRA
1.75%	$500	-	5 Year Roth IRA
1.75%	$500	-	5 Year CESA
1.50%	$500	-	3 Year StarBanking IRA
1.50%	$500	-	3 Year StarBanking Roth IRA
1.50%	$500	-	3 Year StarBanking CESA
1.35%	$500	-	3 Year IRA
1.35%	$500	-	3 Year Roth IRA
1.35%	$500	-	3 Year CESA
1.15%	$500	-	2 Year StarBanking IRA
1.15%	$500	-	2 Year StarBanking Roth IRA
1.15%	$500	-	2 Year StarBanking CESA
1.00%	$500	-	2 Year IRA
1.00%	$500	-	2 Year Roth IRA
1.00%	$500	-	2 Year CESA
0.75%	$1k	-	29 Month Step-Up IRA
0.75%	$1k	-	29 Month Step-Up Roth IRA
0.75%	$1k	-	29 Month Step-Up CESA
0.65%	$500	-	1 Year StarBanking IRA
0.65%	$500	-	1 Year StarBanking Roth IRA
0.65%	$500	-	1 Year StarBanking CESA
0.50%	$500	-	1 Year IRA
0.50%	$500	-	1 Year Roth IRA
0.50%	$500	-	1 Year CESA
0.40%	$100	-	1 Year Variable Rate IRA
0.40%	$1k	-	17 Month Step-Up IRA
0.40%	$100	-	1 Year Variable Rate Roth IRA
0.40%	$1k	-	17 Month Step-Up Roth IRA
0.40%	$100	-	1 Year Variable Rate CESA
0.40%	$1k	-	17 Month Step-Up CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Kearny Federal Savings Bank
OTS #	02319
FDIC Certificate #	28765
BankRate Report	View
Year Established	1884
Employees	413
Primary Regulator	OCC
Assets and Liabilities
Assets	$2.89 billion
Loans	$1.23 billion
Deposits	$2.16 billion
Equity Capital	$465.33 million
Loan Loss Allowance	$5.64 million
Unbacked Noncurrent Loans	$30.42 million
Real Estate Owned	$7.89 million
Historic Data - September 2010
Assets	$2.37 billion
Equity Capital	$464.64 million
Loan Loss Allowance	$4.39 million
Unbacked Noncurrent Loans	$20.04 million
Real Estate Owned	$486,000
Profit Margin - Quarterly
Net Interest Margin	2.8%
Return on Assets	0.4%
Return on Equity	2.51%
Interest Income	$78.70 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 September 30, 2011 Kearney Federal Savings Bank had $38.32 million in non-current loans and owned real-estate with $470.97 million in equity and loan loss allowances on hand to cover it. This gives Kearney Federal Savings Bank a Texas Ratio of 8.14% 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 Kearney Federal Savings Bank held steady from 3.21% as of September 30, 2010 to 8.14% as of September 30, 2011, resulting in a negative change of 153.71%. This indicates that the balance sheet and financial strength for Kearney Federal Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Kearney Federal Savings Bank has increased its total deposits by $486.8 million, resulting in 29.17% 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 Kearney 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. Kearney Federal Savings Bank has $2.89 billion in assets with $470.97 million in equity, resulting in a capitalization level of 16.28%, which is excellent.