Northfield Bank

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

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Northfield Bank is headquartered in Staten Island and is the 28^th largest bank in the state of New York. It is also the 298^th largest bank in the nation. It was established in 1887 and as of September of 2011, it had grown to 264 employees at 21 locations. Northfield Bank has a 4-star health rating.

$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 ...

1.25% 7-Month CD At Northfield Bank In NY & NJ (Forum) - 12/12/2010

This may seem like a low rate, but unfortunately, it's very competitive compared to what other banks are offering for terms around 6 months. Northfield Bank is listing a 1.25% APY 7-month CD in its rate table as of 12/12/2010. It appears to require a

$150 Checking Account Bonus At Northfield Bank - NY & NJ Only (Forum) - 12/11/2010

Northfield Bank is offering a $150 bonus for opening its Really Free Checking Plus Account along with some extra tasks. Credit for this find goes to FW member KayK who mentioned it in this FW thread. It appears to require a branch visit. Branches are

Special 15-Month CD at Northfield Bank in NY & NJ - Local Only - 5/28/2010

Northfield Bank is offering a special 1.75% APY 15-month CD. Minimum deposit is $2,500. The bank continues to offer a competitive 5-year CD with a 3.25% APY which I reported on in April. These rates ...

2010

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: Savings | Money Market | CD | IRA

Northfield Bank Savings Account Rates

Apy	Min	Max	Product
0.25%	$35k	-	Premier Savings
0.25%	$100k	-	Platinum Savings

Northfield Bank Money Market Rates

	Apy	Min	Max	Product
	0.70%	$15k	-	Money Market Account

Northfield Bank CD Rates

Apy	Min	Max	Product
1.25%	$2,500	-	60 Month CD
1.00%	$2,500	-	48 Month CD
0.75%	$2,500	-	36 Month CD
0.50%	$2,500	-	24 Month CD
0.50%	$2,500	-	30 Month CD
0.25%	$2,500	-	12 Month CD
0.10%	$2,500	-	6 Month CD
0.10%	$2,500	-	7 Month CD
0.05%	$2,500	-	3 Month CD
0.05%	$2,500	-	5 Month CD

Northfield Bank IRA Rates

Apy	Min	Max	Product
1.25%	$2,500	-	60 Month IRA
1.25%	$2,500	-	60 Month Roth IRA
1.00%	$2,500	-	48 Month IRA
1.00%	$2,500	-	48 Month Roth IRA
0.75%	$2,500	-	36 Month IRA
0.75%	$2,500	-	36 Month Roth IRA
0.50%	$2,500	-	24 Month IRA
0.50%	$2,500	-	30 Month IRA
0.50%	$2,500	-	24 Month Roth IRA
0.50%	$2,500	-	30 Month Roth IRA
0.25%	$2,500	-	12 Month IRA
0.25%	$2,500	-	12 Month Roth IRA
0.10%	$2,500	-	6 Month IRA
0.10%	$2,500	-	7 Month IRA
0.10%	$2,500	-	6 Month Roth IRA
0.10%	$2,500	-	7 Month Roth IRA
0.05%	$2,500	-	3 Month IRA
0.05%	$2,500	-	5 Month IRA
0.05%	$2,500	-	3 Month Roth IRA
0.05%	$2,500	-	5 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Northfield Bank
OTS #	18063
FDIC Certificate #	28710
BankRate Report	View
Year Established	1887
Employees	264
Primary Regulator	OCC
Assets and Liabilities
Assets	$2.31 billion
Loans	$941.31 million
Deposits	$1.47 billion
Equity Capital	$344.21 million
Loan Loss Allowance	$25.50 million
Unbacked Noncurrent Loans	$53.39 million
Real Estate Owned	$34,000
Historic Data - September 2010
Assets	$2.15 billion
Equity Capital	$321.43 million
Loan Loss Allowance	$20.93 million
Unbacked Noncurrent Loans	$55.39 million
Real Estate Owned	$171,000
Profit Margin - Quarterly
Net Interest Margin	2.93%
Return on Assets	0.75%
Return on Equity	5.14%
Interest Income	$66.52 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 September 30, 2011 Northfield Bank had $53.43 million in non-current loans and owned real-estate with $369.71 million in equity and loan loss allowances on hand to cover it. This gives Northfield Bank a Texas Ratio of 14.45% 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 held steady from 16.23% as of September 30, 2010 to 14.45% as of September 30, 2011, resulting in a positive change of 10.96%.This indicates that the balance sheet and financial strength for Northfield Bank has held steady in recent periods.
Deposit Growth
In the past year, Northfield Bank has increased its total deposits by $29.64 million, resulting in 2.06% 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 above average.
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 $2.31 billion in assets with $369.71 million in equity, resulting in a capitalization level of 15.98%, which is excellent.

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	Anonymous - June 14, 2011 Went to branch to open the account with promotion page printout, but banker refused to open the account for Queens, NY resident.