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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Northfield Bank had $26.99 million in non-current loans and owned real-estate with $534.18 million in equity and loan loss allowances on hand to cover it. This gives Northfield Bank a Texas Ratio of 5.05% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Northfield Bank decreased slightly from 6.51% as of March 31, 2013 to 5.05% as of March 31, 2014, resulting in a positive change of 22.37%.This indicates that the balance sheet and financial strength for Northfield Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Northfield Bank has decreased its total deposits by -$156.62 million, resulting in -8.7% 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 below 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. Northfield Bank has $2.7 billion in assets with $534.18 million in equity, resulting in a capitalization level of 19.82%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28710
Year Established1887
Employees306
Primary RegulatorOCC
Assets and Liabilities
Assets$2.70 billion
Loans$1.49 billion
Deposits$1.64 billion
Equity Capital$507.62 million
Loan Loss Allowance$26.57 million
Unbacked Noncurrent Loans$26.84 million
Real Estate Owned$150,000
Historic Data - March 2013
Assets$2.84 billion
Equity Capital$546.39 million
Loan Loss Allowance$26.32 million
Unbacked Noncurrent Loans$26.84 million
Real Estate Owned$870,000
Profit Margin - Quarterly
Net Interest Margin3.07%
Return on Assets0.76%
Return on Equity3.91%
Interest Income$22.77 million
Rates
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Northfield Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$15k-Money Market Account

Northfield Bank CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$2,500-60 Month CD
1.30%$2,500-36 Month CD
0.75%$2,500-48 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

DetailsAPYMINMAXPRODUCT
2.00%$2,500-60 Month IRA
1.30%$2,500-36 Month IRA
0.75%$2,500-48 Month IRA
0.40%$2,500-24 Month IRA
0.40%$2,500-30 Month IRA
0.20%$2,500-12 Month IRA
0.10%$2,500-6 Month IRA
0.05%$2,500-3 Month IRA
Locations

Northfield Bank has 30 locations. Click to view all Northfield Bank locations.