Lusitania Savings Bank, FSB

107 Pulaski Street
Newark, NJ 7105
www.lusitaniabank.com

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Lusitania Savings Bank, FSB is headquartered in Newark and is the 71^st largest bank in the state of New Jersey. It is also the 2,440^th largest bank in the nation. It was established in 1995 and as of March of 2012, it had grown to 31 employees at 4 locations. Lusitania Savings Bank, FSB has a 4-star health rating.

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See Rates for: Checking | Savings | CD | IRA

Lusitania Savings Bank, FSB Checking Account Rates

	Apy	Min	Max	Product
	0.20%	$1k	-	Value Checking

Lusitania Savings Bank, FSB Savings Account Rates

Apy	Min	Max	Product
0.50%	$100	-	Variable Rate IRA
0.50%	$25k	-	Super Savings Accounts
0.50%	$100	-	Variable Rate Roth IRA
0.50%	$100	-	Variable Coverdell IRA
0.30%	$10k	-	Savings Accounts

Lusitania Savings Bank, FSB CD Rates

Apy	Min	Max	Product
1.35%	$5k	-	36 Month Renewal CD
1.25%	$5k	-	36 Month New CD
1.00%	$5k	-	24 Month Renewal CD
0.90%	$5k	-	24 Month New CD
0.65%	$5k	-	12 Month Renewal CD
0.55%	$5k	-	12 Month New CD
0.55%	$5k	-	9 Month Renewal CD
0.50%	$5k	-	6 Month Renewal CD
0.45%	$5k	-	9 Month New CD
0.40%	$5k	-	6 Month New CD
0.25%	$5k	-	3 Month New CD
0.25%	$5k	-	5 Month New CD
0.25%	$5k	-	10 Month New CD
0.25%	$5k	-	3 Month Renewal CD
0.25%	$5k	-	5 Month Renewal CD
0.25%	$5k	-	10 Month Renewal CD

Lusitania Savings Bank, FSB IRA Rates

Apy	Min	Max	Product
1.35%	$5k	-	36 Month Renewal IRA
1.35%	$5k	-	36 Month Renewal Roth IRA
1.35%	$5k	-	36 Month Renewal Coverdell IRA
1.25%	$5k	-	36 Month New IRA
1.25%	$5k	-	36 Month New Roth IRA
1.25%	$5k	-	36 Month New Coverdell IRA
1.00%	$5k	-	24 Month Renewal IRA
1.00%	$5k	-	24 Month Renewal Roth IRA
1.00%	$5k	-	24 Month Renewal Coverdell IRA
0.90%	$5k	-	24 Month New IRA
0.90%	$5k	-	24 Month New Roth IRA
0.90%	$5k	-	24 Month New Coverdell IRA
0.65%	$5k	-	12 Month Renewal IRA
0.65%	$5k	-	12 Month Renewal Roth IRA
0.65%	$5k	-	12 Month Renewal Coverdell IRA
0.55%	$5k	-	9 Month Renewal IRA
0.55%	$5k	-	12 Month New IRA
0.55%	$5k	-	9 Month Renewal Roth IRA
0.55%	$5k	-	12 Month New Roth IRA
0.55%	$5k	-	9 Month Renewal Coverdell IRA
0.55%	$5k	-	12 Month New Coverdell IRA
0.50%	$5k	-	6 Month Renewal IRA
0.50%	$5k	-	6 Month Renewal Roth IRA
0.50%	$5k	-	6 Month Renewal Coverdell IRA
0.45%	$5k	-	9 Month New IRA
0.45%	$5k	-	9 Month New Roth IRA
0.45%	$5k	-	9 Month New Coverdell IRA
0.40%	$5k	-	6 Month New IRA
0.40%	$5k	-	6 Month New Roth IRA
0.40%	$5k	-	6 Month New Coverdell IRA
0.25%	$5k	-	3 Month New IRA
0.25%	$5k	-	3 Month Renewal IRA
0.25%	$5k	-	5 Month New IRA
0.25%	$5k	-	5 Month Renewal IRA
0.25%	$5k	-	10 Month New IRA
0.25%	$5k	-	10 Month Renewal IRA
0.25%	$5k	-	3 Month New Roth IRA
0.25%	$5k	-	3 Month Renewal Roth IRA
0.25%	$5k	-	5 Month New Roth IRA
0.25%	$5k	-	5 Month Renewal Roth IRA
0.25%	$5k	-	10 Month New Roth IRA
0.25%	$5k	-	10 Month Renewal Roth IRA
0.25%	$5k	-	3 Month New Coverdell IRA
0.25%	$5k	-	3 Month Renewal Coverdell IRA
0.25%	$5k	-	5 Month New Coverdell IRA
0.25%	$5k	-	5 Month Renewal Coverdell IRA
0.25%	$5k	-	10 Month New Coverdell IRA
0.25%	$5k	-	10 Month Renewal Coverdell IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

Lusitania Savings Bank, FSB
OTS #	12260
FDIC Certificate #	34058
BankRate Report	View
Year Established	1995
Employees	31
Primary Regulator	OCC
Assets and Liabilities
Assets	$264.66 million
Loans	$159.82 million
Deposits	$229.54 million
Equity Capital	$32.94 million
Loan Loss Allowance	$3.13 million
Unbacked Noncurrent Loans	$7.40 million
Real Estate Owned	$154,000
Historic Data - March 2011
Assets	$249.73 million
Equity Capital	$30.16 million
Loan Loss Allowance	$2.53 million
Unbacked Noncurrent Loans	$1.31 million
Real Estate Owned	$154,000
Profit Margin - Quarterly
Net Interest Margin	3.55%
Return on Assets	1.18%
Return on Equity	9.48%
Interest Income	$2.56 million

Institution Health

Overall Score:

4 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 Lusitania Savings Bank, FSB had $7.55 million in non-current loans and owned real-estate with $36.06 million in equity and loan loss allowances on hand to cover it. This gives Lusitania Savings Bank, FSB a Texas Ratio of 20.94% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Lusitania Savings Bank, FSB increased slightly from 4.49% as of March 31, 2011 to 20.94% as of March 31, 2012, resulting in a negative change of 366.22%. This indicates that the balance sheet and financial strength for Lusitania Savings Bank, FSB has declined slightly in recent periods.
Deposit Growth
In the past year, Lusitania Savings Bank, FSB has increased its total deposits by $11.48 million, resulting in 5.27% 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 Lusitania Savings Bank, FSB 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. Lusitania Savings Bank, FSB has $264.66 million in assets with $36.06 million in equity, resulting in a capitalization level of 13.63%, which is excellent.

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