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201-816-2800
70-76 Engle Street
Englewood, NJ 07631

NVE Savings Bank knows how much you have riding on your shoulders when it comes to planning for the future. Stop in today and they'll show you all the ways they can help you reach your goals!

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Health

Data for Q4 2013

Institution Health

A

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 NVE Bank (NJ) had $3.89 million in non-current loans and owned real-estate with $87.32 million in equity and loan loss allowances on hand to cover it. This gives NVE Bank (NJ) a Texas Ratio of 4.46% 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 NVE Bank (NJ) decreased dramatically from 13.10% as of December 31, 2012 to 4.46% as of December 31, 2013, resulting in a positive change of 65.96%.This indicates that the balance sheet and financial strength for NVE Bank (NJ) has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, NVE Bank (NJ) has decreased its total deposits by -$12.75 million, resulting in -2.24% 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 NVE Bank (NJ) has shown is 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. NVE Bank (NJ) has $685.55 million in assets with $87.32 million in equity, resulting in a capitalization level of 12.74%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29875
Year Established1887
Employees105
Primary RegulatorFDIC
Assets and Liabilities
Assets$685.55 million
Loans$475.12 million
Deposits$556.82 million
Equity Capital$85.22 million
Loan Loss Allowance$2.11 million
Unbacked Noncurrent Loans$2.82 million
Real Estate Owned$1.07 million
Historic Data - December 2012
Assets$705.26 million
Equity Capital$81.24 million
Loan Loss Allowance$2.08 million
Unbacked Noncurrent Loans$2.82 million
Real Estate Owned$3.36 million
Profit Margin - Quarterly
Net Interest Margin3.04%
Return on Assets0.54%
Return on Equity4.5%
Interest Income$24.41 million
Rates

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NVE Bank (NJ) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Statement Savings
0.10%$2,500-Super Saver Account
0.10%--Passbook Savings
0.10%--Universal Savings Club
0.10%--Retirement Savings
0.05%--Lease Security

NVE Bank (NJ) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k$250kPremier MMS
0.15%$15k-Liquid Asset MMS

NVE Bank (NJ) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-Super NOW
0.05%--NOW

NVE Bank (NJ) CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$1k-72 Month CD
1.10%$1k-60 Month CD
0.75%$1k-48 Month CD
0.60%$1k-36 Month CD
0.45%$1k-24 Month CD
0.30%$1k-12 Month CD
0.27%$1k-9 Month Premium CD
0.25%$1k-9 Month CD
0.23%$1k-6 Month CD
0.19%$1k-5 Month Premium CD
0.17%$1k-5 Month CD
0.15%$1k-4 Month Premium CD
0.12%$1k-4 Month CD
0.10%$1k-3 Month CD

NVE Bank (NJ) IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-72 Month IRA (Traditional,CESA,Roth)
1.10%$500-60 Month IRA (Traditional,CESA,Roth)
0.90%$500-54 Month IRA (Traditional,CESA,Roth)
0.75%$500-48 Month IRA (Traditional,CESA,Roth)
0.60%$500-30 Month IRA (Traditional,CESA,Roth)
0.60%$500-37 Month IRA (Traditional,CESA,Roth)
0.50%$500-25 Month IRA (Traditional,CESA,Roth)
0.45%$500-24 Month IRA (Traditional,CESA,Roth)
0.38%$500-15 Month IRA (Traditional,CESA,Roth)
0.36%$500-14 Month IRA (Traditional,CESA,Roth)
0.34%$500-13 Month IRA (Traditional,CESA,Roth)
0.30%$500-12 Month IRA (Traditional,CESA,Roth)
Locations

NVE Bank (NJ) has 12 locations. Click to view all NVE Bank (NJ) locations.