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Kearny Federal Savings Bank

OVERALL
INSTITUTION HEALTH
A+
OVERVIEW /
COMMENTARY
REVIEWS
HEALTH RATING
RATES
LOCATIONS
ALERTS
Overview / Commentary
www.kearnyfederalsavings.com
(201) 991-4100
614 Kearny Avenue
Kearny, NJ 07032

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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Health

Data for Q3 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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, 2013 Kearny Federal Savings Bank had $30.75 million in non-current loans and owned real-estate with $456.69 million in equity and loan loss allowances on hand to cover it. This gives Kearny Federal Savings Bank a Texas Ratio of 6.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Kearny Federal Savings Bank held steady from 6.95% as of September 30, 2012 to 6.73% as of September 30, 2013, resulting in a positive change of 3.17%.This indicates that the balance sheet and financial strength for Kearny Federal Savings Bank has held steady in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Kearny Federal Savings Bank has increased its total deposits by $187.59 million, resulting in 8.72% 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

GRADE:
A+

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 $3.22 billion in assets with $456.69 million in equity, resulting in a capitalization level of 14.18%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28765
Year Established1884
Employees420
Primary RegulatorOCC
Assets and Liabilities
Assets$3.22 billion
Loans$1.47 billion
Deposits$2.34 billion
Equity Capital$445.28 million
Loan Loss Allowance$11.41 million
Unbacked Noncurrent Loans$28.37 million
Real Estate Owned$2.38 million
Historic Data - September 2012
Assets$2.90 billion
Equity Capital$472.88 million
Loan Loss Allowance$9.85 million
Unbacked Noncurrent Loans$28.37 million
Real Estate Owned$4.76 million
Profit Margin - Quarterly
Net Interest Margin2.51%
Return on Assets0.28%
Return on Equity1.85%
Interest Income$67.00 million
Rates
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Kearny Federal Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.35%$50k-Tiered Money Market Account
0.10%$2,500-Money Market Account

Kearny Federal Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.76%-$25kHigh Yield Checking
0.25%$500-Star Checking
0.10%$100-N.O.W. Checking
0.10%$100-Gen Gold Checking
0.05%--High Yield Checking

Kearny Federal Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-54 Month StarBanking Plus CD
1.85%$500-54 Month CD
1.75%$500-5 Year StarBanking Plus CD
1.65%$500-4 Year StarBanking Plus CD
1.60%$500-5 Year 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

DetailsAPYMINMAXPRODUCT
2.00%$500-54 Month StarBanking Plus CESA
2.00%$500-54 Month StarBanking Plus IRA
2.00%$500-54 Month StarBanking Plus Roth IRA
1.85%$500-54 Month CESA
1.85%$500-54 Month IRA
1.85%$500-54 Month Roth IRA
1.75%$500-5 Year StarBanking Plus IRA
1.75%$500-5 Year StarBanking Plus Roth IRA
1.75%$500-5 Year StarBanking Plus CESA
1.65%$500-4 Year StarBanking Plus CESA
1.65%$500-4 Year StarBanking Plus IRA
1.65%$500-4 Year StarBanking Plus Roth IRA
1.60%$500-5 Year IRA
1.60%$500-5 Year Roth IRA
1.60%$500-5 Year CESA
1.50%$500-4 Year CESA
1.50%$500-4 Year IRA
1.50%$500-4 Year Roth IRA
1.15%$500-3 Year StarBanking Plus IRA
1.15%$500-3 Year StarBanking Plus Roth IRA
1.15%$500-3 Year StarBanking Plus CESA
1.00%$500-3 Year IRA
1.00%$500-2 Year StarBanking Plus IRA
1.00%$500-2 Year StarBanking Plus Roth IRA
1.00%$500-3 Year Roth IRA
1.00%$500-2 Year StarBanking Plus CESA
1.00%$500-3 Year CESA
0.90%$1k-29 Month Step-Up IRA
0.90%$1k-29 Month Step-Up Roth IRA
0.90%$1k-29 Month Step-Up CESA
0.85%$500-2 Year IRA
0.85%$500-2 Year Roth IRA
0.85%$500-2 Year CESA
0.60%$500-1 Year StarBanking Plus IRA
0.60%$500-1 Year StarBanking Plus Roth IRA
0.60%$500-1 Year StarBanking Plus CESA
0.45%$500-1 Year IRA
0.45%$1k-17 Month Step-Up IRA
0.45%$500-1 Year Roth IRA
0.45%$1k-17 Month Step-Up Roth IRA
0.45%$500-1 Year CESA
0.45%$1k-17 Month Step-Up CESA
0.30%$100-1 Year Variable Rate IRA
0.30%$100-1 Year Variable Rate Roth IRA
0.30%$100-1 Year Variable Rate CESA
Locations

Kearny Federal Savings Bank has 41 locations. Click to view all Kearny Federal Savings Bank locations.