NVE Savings Bank

NVE Savings Bank Locations
70-76 Engle Street
Englewood, NJ 07631
201-816-2800
www.nvebank.com

FDIC
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!

Related Posts

$100 Checking Account Bonus at NVE Savings Bank in New Jersey - Local Only - 9/27/2011

NVE Savings Bank is offering a $100 bonus for opening its free personal checking account and for establishing direct deposit. The offer is listed in this bank's promotions page as of 9/27/2011. Below ...

Competitive Long-Term CD Rate at NVE Bank in New Jersey - Local Only - 7/5/2011

Its short-term CD rates are low, but NVE Bank has one long-term CD rate that's very competitive. It's a 6-year CD and IRA CD with a 3.10% APY. Minimum deposit is $1,000, and the early withdrawal penal ...

Markber On Ibankdesign Posted About A $150 Sign Up Bonus For A Business Checking Account At NVE Bank (Forum) - 5/30/2010

Markber on IBankDesign posted about a $150 sign up bonus for a business checking account at NVE Bank. http://nvebank.com/business_lifeline.html



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See Rates for: Checking | Savings | Money Market | CD | IRA

NVE Savings Bank Checking Account Rates

ApyMinMaxProduct
1.01%$100k-IOLTA
0.15%$2,500-Super NOW
0.10%--NOW

NVE Savings Bank Savings Account Rates

ApyMinMaxProduct
0.15%$2,500-Super Saver Account
0.10%--Statement Savings
0.10%--Passbook Savings
0.10%--Lease Security
0.10%--Universal Savings Club
0.10%--Retirement Savings

NVE Savings Bank Money Market Rates

ApyMinMaxProduct
0.25%$25k$250kPremier MMS
0.20%$15k-Liquid Asset MMS

NVE Savings Bank CD Rates

ApyMinMaxProduct
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
0.35%$1k-9 Month Premium CD
0.30%$1k-9 Month CD
0.30%$1k-12 Month CD
0.25%$1k-5 Month Premium CD
0.20%$1k-4 Month Premium CD
0.20%$1k-5 Month CD
0.20%$1k-6 Month CD
0.15%$1k-4 Month CD
0.10%$1k-3 Month CD

NVE Savings Bank IRA Rates

ApyMinMaxProduct
1.20%$500-72 Month CESA
1.20%$500-72 Month IRA
1.20%$500-72 Month Roth IRA
1.10%$500-60 Month IRA
1.10%$500-60 Month CESA
1.10%$500-60 Month Roth IRA
0.90%$500-54 Month CESA
0.90%$500-54 Month IRA
0.90%$500-54 Month Roth IRA
0.75%$500-48 Month IRA
0.75%$500-48 Month CESA
0.75%$500-48 Month Roth IRA
0.60%$500-30 Month IRA
0.60%$500-37 Month CESA
0.60%$500-30 Month CESA
0.60%$500-37 Month IRA
0.60%$500-30 Month Roth IRA
0.60%$500-37 Month Roth IRA
0.50%$500-25 Month IRA
0.50%$500-25 Month CESA
0.50%$500-25 Month Roth IRA
0.45%$500-24 Month CESA
0.45%$500-24 Month IRA
0.45%$500-24 Month Roth IRA
0.40%$500-14 Month CESA
0.40%$500-15 Month IRA
0.40%$500-14 Month IRA
0.40%$500-15 Month CESA
0.40%$500-14 Month Roth IRA
0.40%$500-15 Month Roth IRA
0.35%$500-13 Month IRA
0.35%$500-13 Month CESA
0.35%$500-13 Month Roth IRA
0.30%$500-12 Month CESA
0.30%$500-12 Month IRA
0.30%$500-12 Month Roth IRA

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


NVE Bank
FDIC Certificate #29875
BankRate ReportView
Year Established1887
Employees101
Primary RegulatorFDIC

Assets and Liabilities

Assets$705.26 million
Loans$426.15 million
Deposits$569.57 million
Equity Capital$81.24 million
Loan Loss Allowance$2.08 million
Unbacked Noncurrent Loans$7.55 million
Real Estate Owned$3.36 million

Historic Data - December 2011

Assets$684.22 million
Equity Capital$79.44 million
Loan Loss Allowance$2.50 million
Unbacked Noncurrent Loans$15.34 million
Real Estate Owned$396,000

Profit Margin - Quarterly

Net Interest Margin2.99%
Return on Assets0.28%
Return on Equity2.45%
Interest Income$25.54 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2012 NVE Savings Bank had $10.92 million in non-current loans and owned real-estate with $83.32 million in equity and loan loss allowances on hand to cover it. This gives NVE Savings Bank a Texas Ratio of 13.10% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for NVE Savings Bank decreased slightly from 19.21% as of December 31, 2011 to 13.10% as of December 31, 2012, resulting in a positive change of 31.80%.This indicates that the balance sheet and financial strength for NVE Savings Bank has improved slightly in recent periods.
Deposit Growth4
In the past year, NVE Savings Bank has increased its total deposits by $20.92 million, resulting in 3.81% 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 Savings Bank has shown is above average.
Capitalization4
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 Savings Bank has $705.26 million in assets with $83.32 million in equity, resulting in a capitalization level of 11.81%, which is above average.
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