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Overview / Commentary
301 Sullivan Way
West Trenton, NJ 08628

NJM Bank is headquartered in West Trenton and is the 37th largest bank in the state of New Jersey. It is also the 1,111st largest bank in the nation. It was established in 1999 and as of March of 2014, it had grown to 60 employees at 3 locations. NJM Bank has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 NJM Bank had $3.18 million in non-current loans and owned real-estate with $72.85 million in equity and loan loss allowances on hand to cover it. This gives NJM Bank a Texas Ratio of 4.36% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for NJM Bank decreased dramatically from 8.33% as of March 31, 2013 to 4.36% as of March 31, 2014, resulting in a positive change of 47.66%.This indicates that the balance sheet and financial strength for NJM Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, NJM Bank has decreased its total deposits by -$44.18 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 NJM Bank has shown is below average.



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 $606.87 million in assets with $72.85 million in equity, resulting in a capitalization level of 12.00%, which is excellent.

Institution Statistics

FDIC Certificate #35057
Year Established1999
Primary RegulatorOCC
Assets and Liabilities
Assets$606.87 million
Loans$297.80 million
Deposits$462.35 million
Equity Capital$71.22 million
Loan Loss Allowance$1.64 million
Unbacked Noncurrent Loans$3.18 million
Real Estate Owned$0
Historic Data - March 2013
Assets$656.68 million
Equity Capital$76.32 million
Loan Loss Allowance$1.98 million
Unbacked Noncurrent Loans$3.18 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.95%
Return on Assets0.28%
Return on Equity2.41%
Interest Income$4.57 million

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NJM Bank Savings Account Rates

0.35%--Savings for the Future
0.35%$100-IRA Savings
0.35%$100-Roth IRA Savings
0.20%$50k-NJM Savers
0.10%$500-Business Savings

NJM Bank Money Market Rates

0.35%$50k-Premier Money Market
0.25%$50k-Business Money Market

NJM Bank Checking Account Rates

0.35%--Stewardship Checking
0.20%$100-Advantage 55 Checking
0.15%$10k-Advantage Checking

NJM Bank CD Rates

1.10%$500-60 Month CD
1.10%$500-Business 60 Month CD
0.90%$500-48 Month CD
0.90%$500-Business 48 Month CD
0.80%$500-36 Month CD
0.80%$500-Business 36 Month CD
0.70%$500-30 Month CD
0.70%$500-Business 30 Month CD
0.65%$500-20 Month CD
0.65%$500-24 Month CD
0.65%$500-Business 20 Month CD
0.65%$500-Business 24 Month CD
0.60%$500-18 Month CD
0.60%$500-Business 18 Month CD
0.55%$500-15 Month CD
0.55%$500-Business 15 Month CD
0.50%$500-12 Month CD
0.50%$500-Business 12 Month CD
0.40%$500-9 Month CD
0.40%$500-10 Month CD
0.40%$500-Business 9 Month CD
0.40%$500-Business 10 Month CD
0.30%$500-7 Month CD
0.30%$500-Business 7 Month CD
0.25%$500-6 Month CD
0.25%$500-Business 6 Month CD
0.15%$500-3 Month CD
0.15%$500-Business 3 Month CD

NJM Bank IRA Rates

1.10%$500-60 Month IRA
0.90%$500-48 Month IRA
0.80%$500-36 Month IRA
0.70%$500-30 Month IRA
0.65%$500-20 Month IRA
0.65%$500-24 Month IRA
0.60%$500-18 Month IRA
0.55%$500-15 Month IRA
0.50%$500-12 Month IRA
0.40%$500-9 Month IRA
0.40%$500-10 Month IRA
0.30%$500-7 Month IRA
0.25%$500-6 Month IRA
0.15%$500-3 Month IRA

NJM Bank Locations
Parsippany Branch1699 Littleton RoadParsippany, NJ 7054
N.j.m. Bank, FSB301 Sullivan WayWest Trenton, NJ 8628
Hammonton Branch840 12th StreetHammonton, NJ 8037