Oritani Bank

Oritani Bank Locations
370 Pascack Road
Township of Washington, NJ 07676
(201) 664-5400
www.oritani.com

FDIC
Thank you for choosing Oritani Bank. They are a strong, safe and stable community bank with over $1.7 billion in assets that has been serving their customers and their communities for 98 years.

Related Posts

Oritani Bank Is Offering A 1.02% Checking Account (Forum) - 2/13/2013

Oritani bank is now offering a platinum checking account 1.02% until 01/02/2014. Must make 3 bill payment or have direct deposit each month. Up to 250K. Below 10K, there is a $20 fee  

Checking Rate and Cash Promotions at Oritani Bank in New Jersey - Local Only - 1/14/2013

Oritani Bank has new checking account promotions that are similar to last year's offers. One is a bonus for a free checking account in which you can earn $125. The second is a guaranteed rate on the b ...

Oritani Bank 1.02% Money Market Until 7/1/2013 (Forum) - 12/16/2012

Minimum balance is 25K. New money only. Must sign up for e-statements and have recurring direct deposit or 3 online bill payments monthly. Fees if balance falls 10K.   This bank has branches in Northern New Jersey. Must open account in person

Checking & Money Market Promotions at Oritani Bank in New Jersey - Local Only - 1/19/2012

Oritani Bank is offering a checking account promotion with a new-account bonus and a money market promotion with a very competitive rate guaranteed until mid-year. Both of these promotions are listed ...

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

Oritani Bank Checking Account Rates

ApyMinMaxProduct
1.02%-$250kPromo Platinum Checking
0.80%$25k-Promo Optimum Gold Checking
0.45%$25k-Optimum Gold E-Checking
0.35%$25k-Optimum Gold Checking
0.25%$1k-Choice Plus Checking
0.25%--Nifty-50 Checking

Oritani Bank Savings Account Rates

ApyMinMaxProduct
0.30%$25k-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

ApyMinMaxProduct
1.15%-$100kPromo Special Money Market - Palisades Park Branch
0.70%-$250kInvestment Business E-Statement MM
0.65%-$250kInvestment Business Money Market
0.55%$25k-E-Statement Money Market
0.50%$25k-Money Market Account
0.45%$25k-Business Money Market

Oritani Bank CD Rates

ApyMinMaxProduct
1.25%$1k-5 Year CD
1.00%$1k-4 Year CD
0.80%$1k-3 Year CD
0.75%$1k-30 Month CD
0.70%$1k-2 Year CD
0.60%$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

ApyMinMaxProduct
1.25%$1k-5 Year IRA
1.25%$1k-5 Year Roth IRA
1.25%$1k-5 Year CESA
1.00%$1k-4 Year IRA
1.00%$1k-4 Year Roth IRA
1.00%$1k-4 Year CESA
0.80%$1k-3 Year IRA
0.80%$1k-3 Year Roth IRA
0.80%$1k-3 Year CESA
0.75%$1k-30 Month IRA
0.75%$1k-30 Month Roth IRA
0.75%$1k-30 Month CESA
0.70%$1k-2 Year IRA
0.70%$1k-2 Year Roth IRA
0.70%$1k-2 Year CESA
0.60%$1k-18 Month IRA
0.60%$1k-18 Month Roth IRA
0.60%$1k-18 Month CESA
0.50%$1k-1 Year IRA
0.50%$1k-1 Year Roth IRA
0.50%$1k-1 Year CESA
0.35%$1k-6 Month IRA
0.35%$1k-6 Month Roth IRA
0.35%$1k-6 Month CESA
0.25%$1k-3 Month IRA
0.25%$1k-3 Month Roth IRA
0.25%$1k-3 Month CESA

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


Oritani Bank
FDIC Certificate #28866
BankRate ReportView
Year Established1911
Employees192
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.78 billion
Loans$2.16 billion
Deposits$1.38 billion
Equity Capital$414.09 million
Loan Loss Allowance$31.91 million
Unbacked Noncurrent Loans$29.24 million
Real Estate Owned$3.82 million

Historic Data - December 2011

Assets$2.57 billion
Equity Capital$411.52 million
Loan Loss Allowance$28.82 million
Unbacked Noncurrent Loans$18.24 million
Real Estate Owned$6.08 million

Profit Margin - Quarterly

Net Interest Margin3.61%
Return on Assets1.23%
Return on Equity7.88%
Interest Income$123.74 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Oritani Bank had $33.06 million in non-current loans and owned real-estate with $446 million in equity and loan loss allowances on hand to cover it. This gives Oritani Bank a Texas Ratio of 7.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Oritani Bank held steady from 5.52% as of December 31, 2011 to 7.41% as of December 31, 2012, resulting in a negative change of 34.19%. This indicates that the balance sheet and financial strength for Oritani Bank has held steady in recent periods.
Deposit Growth3
In the past year, Oritani Bank has increased its total deposits by $749,000, resulting in 0.05% 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 average.
Capitalization5
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 $2.78 billion in assets with $446 million in equity, resulting in a capitalization level of 16.04%, which is excellent.
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Vote:
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$125 Checking Account Bonus
OfferCheckingCash		View Promo Details »
Leave a Comment (2) »
lexilane - January 15, 2013
I live on the west coast and was able to open a checking account over the phone.

Anonymous - January 15, 2013
I called them and was not I must visit a branch to open an account,

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1.02% APY Optimum Gold E-Checking account Guaranteed to 7/1/2013
OfferCheckingOther		View Promo Details »
Leave a Comment (2) »
lexilane - January 15, 2013
I live on the west coast and was able to open a checking account over the phone.

Anonymous - January 15, 2013
I called them and was not I must visit a branch to open an account,

 
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