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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 Oritani Bank had $24.9 million in non-current loans and owned real-estate with $453.5 million in equity and loan loss allowances on hand to cover it. This gives Oritani Bank a Texas Ratio of 5.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Oritani Bank decreased slightly from 7.41% as of December 31, 2012 to 5.49% as of December 31, 2013, resulting in a positive change of 25.94%.This indicates that the balance sheet and financial strength for Oritani Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Oritani Bank has increased its total deposits by $107.98 million, resulting in 7.85% 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 Oritani Bank has shown is excellent.

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. Oritani Bank has $2.91 billion in assets with $453.5 million in equity, resulting in a capitalization level of 15.58%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28866
Year Established1911
Employees190
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.91 billion
Loans$2.34 billion
Deposits$1.48 billion
Equity Capital$423.11 million
Loan Loss Allowance$30.39 million
Unbacked Noncurrent Loans$19.84 million
Real Estate Owned$5.05 million
Historic Data - December 2012
Assets$2.78 billion
Equity Capital$414.09 million
Loan Loss Allowance$31.91 million
Unbacked Noncurrent Loans$19.84 million
Real Estate Owned$3.82 million
Profit Margin - Quarterly
Net Interest Margin3.63%
Return on Assets1.43%
Return on Equity9.35%
Interest Income$126.96 million
Rates

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Oritani Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$10k-SuperSaverPlus
0.25%$100-Regular Passbook Savings
0.25%$250-Super Passbook
0.25%$250-IRA Savings
0.25%$250-Roth IRA Savings
0.25%$250-CESA Savings

Oritani Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.74%-$250kIndependence MMA
0.54%$100k-Business Money Market
0.50%$25k-E-Statement Money Market
0.45%$25k-Money Market Account

Oritani Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.02%-$100kLoyalty Checking
1.02%-$100kLoyalty eStatement Checking
0.40%$25k-Optimum Gold E-Checking
0.30%$25k-Optimum Gold Checking
0.20%$1k-Choice Plus Checking
0.20%--Nifty-50 Checking

Oritani Bank CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$1k-5 Year CD
1.75%$1k-4 Year CD
1.50%$1k-3 Year CD
1.25%$1k-Loyalty 2 Year Certificate
1.15%$1k-Loyalty 18 Month Certificate
1.00%$1k-Loyalty 12 Month Certificate
0.90%$1k-30 Month CD
0.75%$1k-2 Year CD
0.65%$1k-18 Month CD
0.50%$1k-1 Year CD
0.35%$1k-6 Month CD
0.25%$1k-3 Month CD

Oritani Bank IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$1k-5 Year IRA (Traditional,Roth,CESA)
1.75%$1k-4 Year IRA (Traditional,Roth,CESA)
1.50%$1k-3 Year IRA (Traditional,Roth,CESA)
1.25%$1k-Loyalty 2 Year IRA (Traditional,CESA,Roth)
1.15%$1k-Loyalty 18 Month IRA (Traditional,CESA,Roth)
1.00%$1k-Loyalty 12 Month IRA (Traditional,CESA,Roth)
0.90%$1k-30 Month IRA (Traditional,Roth,CESA)
0.75%$1k-2 Year IRA (Traditional,Roth,CESA)
0.65%$1k-18 Month IRA (Traditional,Roth,CESA)
0.50%$1k-1 Year IRA (Traditional,Roth,CESA)
0.35%$1k-6 Month IRA (Traditional,Roth,CESA)
0.25%$1k-3 Month IRA (Traditional,Roth,CESA)
Locations

Oritani Bank has 26 locations. Click to view all Oritani Bank locations.