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Data for Q4 2013
Institution Health
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, 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
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
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
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 Established | 1887 |
| Employees | 105 |
| Primary Regulator | FDIC |
| 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 Margin | 3.04% |
| Return on Assets | 0.54% |
| Return on Equity | 4.5% |
| Interest Income | $24.41 million |
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NVE Bank (NJ) Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $25k | $250k | Premier MMS | |
| 0.15% | $15k | - | Liquid Asset MMS |
NVE Bank (NJ) Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | $2,500 | - | Super NOW | |
| 0.05% | - | - | NOW |
NVE Bank (NJ) CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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) |
NVE Bank (NJ) has 12 locations. Click to view all NVE Bank (NJ) locations.