Northfield Bank

1731 Victory Boulevard
Staten Island, NY 10314
(718) 448-1000
www.enorthfield.com

FDIC

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Northfield Bank is headquartered in Staten Island and is the 26^th largest bank in the state of New York. It is also the 268^th largest bank in the nation. It was established in 1887 and as of December of 2012, it had grown to 306 employees at 28 locations. Northfield Bank has a 5-star health rating.

Northfield Bank's New-Branch Specials At Union Township, NJ (Forum) - 12/3/2012

On Sunday I came across these new-branch specials that were advertised online at nj.com. The ad is available here and is dated 11/28/2012. The deposit specials include: 1.05% APY 5-month CD, min $2,500, max $250,000 1.00% APY checking for up to $50K g

New Branch Specials At Northfield Bank In NJ: 4-Month CD & Interest Checking (Forum) - 5/6/2012

Northfield Bank is advertising two new-branch specials. These are only available at the bank's new Westfield office located at 828 South Avenue, Westfield, NJ. These don't seem to be listed on the bank's website. They were advertised in NJ newspapers on 5

Special 4-Month CD Rate At Northfield Bank - Parts Of NY & NJ Only (Forum) - 4/19/2012

A reader emailed me about a special 1.05% APY 4-month CD that's being offered by Northfield Bank (as of 4/19/2012). According to the reader it's not listed on their website, but it is being advertised locally. Hat tip to the reader for the email. Click th

$150 Checking Account Bonus at Northfield Bank in NY & NJ - Local Only - 6/12/2011

Northfield Bank is offering a $150 bonus on its Really Free Checking Plus Account. To qualify for the reward, you must open a new Really Free Checking Plus Account. Also, within 90 calendar days of ac ...

2010

12/12 - 1.25% 7-Month CD At Northfield Bank In NY & NJ (Forum)
12/11 - $150 Checking Account Bonus At Northfield Bank - NY & NJ Only (Forum)
5/28 - Special 15-Month CD at Northfield Bank in NY & NJ - Local Only
4/25 - Competitive 5-Year CD Rate at Northfield Bank in NY & NJ - Local Only

2009

7/17 - 2.25% 8-Month CD at Northfield Bank in NY & NJ - Local Only

2008

12/14 - 4.00% 7-Month CD at Northfield Bank in New York & New Jersey

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See Rates for: Money Market | CD | IRA

Northfield Bank Money Market Rates

	Apy	Min	Max	Product
	0.30%	$15k	-	Money Market Account

Northfield Bank CD Rates

Apy	Min	Max	Product
1.00%	$2,500	-	60 Month CD
0.75%	$2,500	-	48 Month CD
0.50%	$2,500	-	36 Month CD
0.40%	$2,500	-	24 Month CD
0.40%	$2,500	-	30 Month CD
0.20%	$2,500	-	12 Month CD
0.10%	$2,500	-	6 Month CD
0.05%	$2,500	-	3 Month CD

Northfield Bank IRA Rates

Apy	Min	Max	Product
1.00%	$2,500	-	60 Month IRA
1.00%	$2,500	-	60 Month Roth IRA
0.75%	$2,500	-	48 Month IRA
0.75%	$2,500	-	48 Month Roth IRA
0.50%	$2,500	-	36 Month IRA
0.50%	$2,500	-	36 Month Roth IRA
0.40%	$2,500	-	24 Month IRA
0.40%	$2,500	-	30 Month IRA
0.40%	$2,500	-	24 Month Roth IRA
0.40%	$2,500	-	30 Month Roth IRA
0.20%	$2,500	-	12 Month IRA
0.20%	$2,500	-	12 Month Roth IRA
0.10%	$2,500	-	6 Month IRA
0.10%	$2,500	-	6 Month Roth IRA
0.05%	$2,500	-	3 Month IRA
0.05%	$2,500	-	3 Month Roth IRA

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

Northfield Bank
OTS #	18063
FDIC Certificate #	28710
BankRate Report	View
Year Established	1887
Employees	306
Primary Regulator	OCC
Assets and Liabilities
Assets	$2.81 billion
Loans	$1.22 billion
Deposits	$1.97 billion
Equity Capital	$386.09 million
Loan Loss Allowance	$26.42 million
Unbacked Noncurrent Loans	$45.75 million
Real Estate Owned	$871,000
Historic Data - December 2011
Assets	$2.37 billion
Equity Capital	$347.43 million
Loan Loss Allowance	$26.84 million
Unbacked Noncurrent Loans	$52.71 million
Real Estate Owned	$3.36 million
Profit Margin - Quarterly
Net Interest Margin	2.94%
Return on Assets	0.65%
Return on Equity	4.51%
Interest Income	$91.56 million

Institution Health

Overall Score:

5 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 December 31, 2012 Northfield Bank had $46.62 million in non-current loans and owned real-estate with $412.51 million in equity and loan loss allowances on hand to cover it. This gives Northfield Bank a Texas Ratio of 11.30% 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 Northfield Bank decreased slightly from 14.98% as of December 31, 2011 to 11.30% as of December 31, 2012, resulting in a positive change of 24.55%.This indicates that the balance sheet and financial strength for Northfield Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Northfield Bank has increased its total deposits by $461.61 million, resulting in 30.64% 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 Northfield 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. Northfield Bank has $2.81 billion in assets with $412.51 million in equity, resulting in a capitalization level of 14.70%, which is excellent.