NVE Savings Bank

76 Engle Street
Englewood, NJ 07631
201-816-2800
www.nvebank.com

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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!

$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

Apy	Min	Max	Product
1.01%	$100k	-	IOLTA
0.15%	$2,500	-	Super NOW
0.10%	-	-	NOW

NVE Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.20%	$2,500	-	Super Saver Account
0.15%	-	-	Statement Savings
0.15%	-	-	Passbook Savings
0.15%	-	-	Lease Security
0.15%	-	-	Universal Savings Club
0.15%	-	-	Retirement Savings

NVE Savings Bank Money Market Rates

Apy	Min	Max	Product
0.55%	$25k	-	Premier MMS
0.35%	$15k	-	Liquid Asset MMS

NVE Savings Bank CD Rates

Apy	Min	Max	Product
2.20%	$1k	-	72 Month CD
1.80%	$1k	-	60 Month CD
1.40%	$1k	-	48 Month CD
1.00%	$1k	-	36 Month CD
0.80%	$1k	-	24 Month CD
0.50%	$1k	-	9 Month Premium CD
0.50%	$1k	-	12 Month CD
0.45%	$1k	-	9 Month CD
0.40%	$1k	-	5 Month Premium CD
0.40%	$1k	-	6 Month CD
0.35%	$1k	-	4 Month Premium CD
0.35%	$1k	-	5 Month CD
0.30%	$1k	-	4 Month CD
0.25%	$1k	-	3 Month CD

NVE Savings Bank IRA Rates

Apy	Min	Max	Product
2.20%	$500	-	72 Month CESA
2.20%	$500	-	72 Month IRA
2.20%	$500	-	72 Month Roth IRA
1.80%	$500	-	60 Month IRA
1.80%	$500	-	60 Month CESA
1.80%	$500	-	60 Month Roth IRA
1.70%	$500	-	54 Month CESA
1.70%	$500	-	54 Month IRA
1.70%	$500	-	54 Month Roth IRA
1.40%	$500	-	48 Month IRA
1.40%	$500	-	48 Month CESA
1.40%	$500	-	48 Month Roth IRA
1.00%	$500	-	37 Month CESA
1.00%	$500	-	37 Month IRA
1.00%	$500	-	37 Month Roth IRA
0.90%	$500	-	30 Month IRA
0.90%	$500	-	30 Month CESA
0.90%	$500	-	30 Month Roth IRA
0.80%	$500	-	24 Month CESA
0.80%	$500	-	25 Month IRA
0.80%	$500	-	24 Month IRA
0.80%	$500	-	25 Month CESA
0.80%	$500	-	24 Month Roth IRA
0.80%	$500	-	25 Month Roth IRA
0.60%	$500	-	14 Month CESA
0.60%	$500	-	15 Month IRA
0.60%	$500	-	14 Month IRA
0.60%	$500	-	15 Month CESA
0.60%	$500	-	14 Month Roth IRA
0.60%	$500	-	15 Month Roth IRA
0.50%	$500	-	12 Month CESA
0.50%	$500	-	13 Month IRA
0.50%	$500	-	12 Month IRA
0.50%	$500	-	13 Month CESA
0.50%	$500	-	12 Month Roth IRA
0.50%	$500	-	13 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

NVE Bank
FDIC Certificate #	29875
BankRate Report	View
Year Established	1887
Employees	108
Primary Regulator	FDIC
Assets and Liabilities
Assets	$679.79 million
Loans	$365.14 million
Deposits	$543.05 million
Equity Capital	$79.80 million
Loan Loss Allowance	$2.83 million
Unbacked Noncurrent Loans	$17.98 million
Historic Data - September 2010
Assets	$683.48 million
Equity Capital	$80.60 million
Loan Loss Allowance	$3.54 million
Unbacked Noncurrent Loans	$19.93 million
Profit Margin - Quarterly
Net Interest Margin	2.78%
Return on Assets	0.21%
Return on Equity	1.83%
Interest Income	$18.90 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 NVE Savings Bank had $17.98 million in non-current loans and owned real-estate with $82.63 million in equity and loan loss allowances on hand to cover it. This gives NVE Savings Bank a Texas Ratio of 21.76% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for NVE Savings Bank held steady from 23.68% as of September 30, 2010 to 21.76% as of September 30, 2011, resulting in a positive change of 8.14%.This indicates that the balance sheet and financial strength for NVE Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, NVE Savings Bank has increased its total deposits by $5.06 million, resulting in 0.94% 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 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 Savings Bank has $679.79 million in assets with $82.63 million in equity, resulting in a capitalization level of 12.15%, which is excellent.