Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
856-629-6439
114 South Main Street
Williamstown, NJ 08094

Monroe Savings Bank, SLA is headquartered in Williamstown and is the 100th largest bank in the state of New Jersey. It is also the 4,935th largest bank in the nation. It was established in 1870 and as of December of 2013, it had grown to 16 employees at 2 locations. Monroe Savings Bank, SLA has a B+ health rating.

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Monroe Savings Bank, SLA has a relatively low asset base.

Texas Ratio

GRADE:
B

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 December 31, 2013 Monroe Savings Bank, SLA had $2.08 million in non-current loans and owned real-estate with $11.51 million in equity and loan loss allowances on hand to cover it. This gives Monroe Savings Bank, SLA a Texas Ratio of 18.11% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Monroe Savings Bank, SLA decreased slightly from 22.89% as of December 31, 2012 to 18.11% as of December 31, 2013, resulting in a positive change of 20.86%.This indicates that the balance sheet and financial strength for Monroe Savings Bank, SLA has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Monroe Savings Bank, SLA has increased its total deposits by $1.91 million, resulting in 2.83% 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 Monroe Savings Bank, SLA has shown is above average.

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. Monroe Savings Bank, SLA has $91.94 million in assets with $11.51 million in equity, resulting in a capitalization level of 12.52%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30103
Year Established1870
Employees16
Primary RegulatorOCC
Assets and Liabilities
Assets$91.94 million
Loans$64.26 million
Deposits$69.56 million
Equity Capital$10.79 million
Loan Loss Allowance$717,000
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$494,000
Historic Data - December 2012
Assets$89.87 million
Equity Capital$10.60 million
Loan Loss Allowance$673,000
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$457,000
Profit Margin - Quarterly
Net Interest Margin3.31%
Return on Assets0.27%
Return on Equity2.28%
Interest Income$3.98 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Monroe Savings Bank, SLA, we are a rate comparison website and can not provide official rates or promotions.

Monroe Savings Bank, SLA Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.55%--X-Mas Club
0.55%--Vacation Club
0.40%$500-Regular IRA
0.40%$500-Education IRA
0.40%$500-Roth IRA
0.15%$100-Savings

Monroe Savings Bank, SLA Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$500-Money Market Account

Monroe Savings Bank, SLA Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$250-Checking

Monroe Savings Bank, SLA CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-10 Year CD
1.26%$500-5 Year CD
1.01%$500-4 Year CD
0.75%$500-3 Year CD
0.50%$500-2 Year CD
0.40%$500-18 Month CD
0.35%$500-1 Year CD
0.25%$1k-6 Month CD
0.15%$2,500-91 Day CD
Locations


Monroe Savings Bank, SLA Locations
Monroe Savings Bank, SLA114 South Main StreetWilliamstown, NJ 8094
Williamstown Branch1712 South Black Horse PikeWilliamstown, NJ 8094