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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Northfield Bank had $27.28 million in non-current loans and owned real-estate with $573.25 million in equity and loan loss allowances on hand to cover it. This gives Northfield Bank a Texas Ratio of 4.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Northfield Bank decreased dramatically from 11.30% as of December 31, 2012 to 4.76% as of December 31, 2013, resulting in a positive change of 57.90%.This indicates that the balance sheet and financial strength for Northfield Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Northfield Bank has decreased its total deposits by -$327.52 million, resulting in -16.64% 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 poor.

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 $573.25 million in equity, resulting in a capitalization level of 21.21%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28710
Year Established1887
Employees306
Primary RegulatorOCC
Assets and Liabilities
Assets$2.70 billion
Loans$1.46 billion
Deposits$1.64 billion
Equity Capital$547.22 million
Loan Loss Allowance$26.04 million
Unbacked Noncurrent Loans$26.65 million
Real Estate Owned$634,000
Historic Data - December 2012
Assets$2.81 billion
Equity Capital$386.09 million
Loan Loss Allowance$26.42 million
Unbacked Noncurrent Loans$26.65 million
Real Estate Owned$871,000
Profit Margin - Quarterly
Net Interest Margin2.95%
Return on Assets0.7%
Return on Equity3.74%
Interest Income$92.67 million
Rates
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Northfield Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$15k-Money Market Account

Northfield Bank CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
1.00%$2,500-60 Month IRA (Traditional,Roth)
0.75%$2,500-48 Month IRA (Traditional,Roth)
0.50%$2,500-36 Month IRA (Traditional,Roth)
0.40%$2,500-24 Month IRA (Traditional,Roth)
0.40%$2,500-30 Month IRA (Traditional,Roth)
0.20%$2,500-12 Month IRA (Traditional,Roth)
0.10%$2,500-6 Month IRA (Traditional,Roth)
0.05%$2,500-3 Month IRA (Traditional,Roth)
Locations

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