NJM Bank

301 Sullivan Way
West Trenton, NJ 08628
1-877-656-2265
www.njmbankonline.com

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NJM Bank is headquartered in West Trenton and is the 37^th largest bank in the state of New Jersey. It is also the 986^th largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 58 employees at 3 locations. NJM Bank has a 4-star health rating.

RATE DROP! (Forum) - 10/3/2011

NJM Bank's "Savings for the Future" account is now 0.80% APY, down from 1.00%. How far the great have fallen! Savers seem to have two equally unattractive choices: either keep cash safe, sound, and liquid, but with return not much better than hiding it in

Rate Drops (Forum) - 8/15/2011

NJM Bank dropped rates today: Savings for the Future is down to 1.0% APY (from 1.25%), Advantage Checking 55+ is down to 0.35% (from 0.50%). Didn't check other accounts, but suspect that it is across the board.

Very Competitive Long-Term CDs and IRA CDs at NJM Bank - New Jersey Only - 4/30/2010

NJM Bank is offering two very competitive IRA CD specials: a 3.75% APY 60-month IRA CD and a 3.35% APY 48-month IRA CD. Other competitive IRA CD rates include a 2.00% APY for 18 months and 3.05% APY ...

$100 Checking Account Bonus at a New Jersey Bank (NJM Bank) - 8/26/2007

NJM Bank is offering a $100 bonus for opening either its Free Acces Checking or its Stewardship Banking Checking. Here's the promotional page. The bonus requires Direct Deposit and using the bank's Online Bill Pay at least 3 times in the first 90 days....

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

NJM Bank Checking Account Rates

Apy	Min	Max	Product
0.50%	-	-	Stewardship Checking
0.35%	$25k	-	Advantage Checking
0.25%	$100	-	Advantage 55 Checking

NJM Bank Savings Account Rates

Apy	Min	Max	Product
0.55%	-	-	Savings for the Future
0.45%	$100	-	IRA Savings
0.45%	$100	-	Roth IRA Savings
0.25%	$50k	-	NJM Savers
0.10%	$500	-	Business Savings

NJM Bank Money Market Rates

Apy	Min	Max	Product
0.50%	$50k	-	Premier Money Market
0.35%	$50k	-	Business Money Market

NJM Bank CD Rates

Apy	Min	Max	Product
1.25%	$500	-	60 Month CD
1.25%	$500	-	Business 60 Month CD
1.00%	$500	-	48 Month CD
1.00%	$500	-	Business 48 Month CD
0.95%	$500	-	36 Month CD
0.95%	$500	-	Business 36 Month CD
0.85%	$500	-	30 Month CD
0.85%	$500	-	Business 30 Month CD
0.80%	$500	-	24 Month CD
0.80%	$500	-	Business 24 Month CD
0.75%	$500	-	20 Month CD
0.75%	$500	-	Business 20 Month CD
0.70%	$500	-	18 Month CD
0.70%	$500	-	Business 18 Month CD
0.60%	$500	-	15 Month CD
0.60%	$500	-	Business 15 Month CD
0.55%	$500	-	12 Month CD
0.55%	$500	-	Business 12 Month CD
0.50%	$500	-	10 Month CD
0.50%	$500	-	Business 10 Month CD
0.45%	$500	-	9 Month CD
0.45%	$500	-	Business 9 Month CD
0.40%	$500	-	7 Month CD
0.40%	$500	-	Business 7 Month CD
0.35%	$500	-	6 Month CD
0.35%	$500	-	Business 6 Month CD
0.25%	$500	-	3 Month CD
0.25%	$500	-	Business 3 Month CD

NJM Bank IRA Rates

Apy	Min	Max	Product
1.25%	$500	-	60 Month IRA
1.25%	$500	-	60 Month Roth IRA
1.00%	$500	-	48 Month IRA
1.00%	$500	-	48 Month Roth IRA
0.95%	$500	-	36 Month IRA
0.95%	$500	-	36 Month Roth IRA
0.85%	$500	-	30 Month IRA
0.85%	$500	-	30 Month Roth IRA
0.80%	$500	-	24 Month IRA
0.80%	$500	-	24 Month Roth IRA
0.75%	$500	-	20 Month IRA
0.75%	$500	-	20 Month Roth IRA
0.70%	$500	-	18 Month IRA
0.70%	$500	-	18 Month Roth IRA
0.60%	$500	-	15 Month IRA
0.60%	$500	-	15 Month Roth IRA
0.55%	$500	-	12 Month IRA
0.55%	$500	-	12 Month Roth IRA
0.50%	$500	-	10 Month IRA
0.50%	$500	-	10 Month Roth IRA
0.45%	$500	-	9 Month IRA
0.45%	$500	-	9 Month Roth IRA
0.40%	$500	-	7 Month IRA
0.40%	$500	-	7 Months Roth IRA
0.35%	$500	-	6 Month IRA
0.35%	$500	-	6 Month Roth IRA
0.25%	$500	-	3 Month IRA
0.25%	$500	-	3 Month Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

N.J.M. Bank, FSB
OTS #	15263
FDIC Certificate #	35057
BankRate Report	View
Year Established	1999
Employees	58
Primary Regulator	OCC
Assets and Liabilities
Assets	$670.29 million
Loans	$301.92 million
Deposits	$522.42 million
Equity Capital	$73.15 million
Loan Loss Allowance	$2.00 million
Unbacked Noncurrent Loans	$6.45 million
Real Estate Owned	$87,000
Historic Data - March 2011
Assets	$593.37 million
Equity Capital	$48.10 million
Loan Loss Allowance	$1.42 million
Unbacked Noncurrent Loans	$2.58 million
Real Estate Owned	$40,000
Profit Margin - Quarterly
Net Interest Margin	1.57%
Return on Assets	0.2%
Return on Equity	2.09%
Interest Income	$4.95 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 NJM Bank had $6.53 million in non-current loans and owned real-estate with $75.15 million in equity and loan loss allowances on hand to cover it. This gives NJM Bank a Texas Ratio of 8.69% 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 NJM Bank held steady from 5.29% as of March 31, 2011 to 8.69% as of March 31, 2012, resulting in a negative change of 64.23%. This indicates that the balance sheet and financial strength for NJM Bank has held steady in recent periods.
Deposit Growth
In the past year, NJM Bank has increased its total deposits by $52.32 million, resulting in 11.13% 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 NJM 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. NJM Bank has $670.29 million in assets with $75.15 million in equity, resulting in a capitalization level of 11.21%, which is above average.