Oritani Savings

Oritani Savings Locations
370 Pascack Road, PO Box 1329
Township of Washington, NJ 07676-1329
1-888-674-8264
www.oritani.com
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

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 ...

Checking Account Promotions at Oritani Bank in New Jersey - Local Only - 3/27/2011

Oritani Bank is offering two new checking account deals as part of its 100th anniversary. The first is a $125 checking account bonus. The second is a 2.05% APY on a checking account ($25K max) that's ...

Oraitani 100Th Birthday Deals (Forum) - 3/23/2011

Oritani Bank in Northern NJ has two deals for its 100 birthday 2.05% for a money market up to 25k. Electronic statement requried. Rate will end on 08/02/2011.   Open a checking account and get $125. $50 for direct deposit $50 for 3 online p

Money Market Account Special at Oritani Bank in New Jersey - Local Only - 1/23/2011

Oritani Bank has a few good deposit deals. The first one is a money market special with a 1.30% APY guaranteed to 4/30/2011. This rate requires a minimum balance of $25K. In May the promotional rate w ...

2008




Report an Issue
See Rates for: Checking | Savings | Money Market | CD

Oritani Savings Checking Account Rates

ApyMinMaxProduct
2.05%$1k$25keStatement Optimum Gold Checking
0.65%$25k-Optimum Gold and Silver Checking
0.50%$500-Choice Plus Checking

Oritani Savings Savings Account Rates

ApyMinMaxProduct
0.50%$250-Super Passbook
0.50%$250-IRA Savings
0.50%$250-Roth IRA Savings
0.50%$250-CESA Savings
0.30%$25k-SuperSaverPlus
0.25%$100-Regular Passbook Savings

Oritani Savings Money Market Rates

ApyMinMaxProduct
1.30%$1k-Investment Money Market Account Special
0.70%$25k-Money Market Account
0.60%$25k-Business Money Market

Oritani Savings CD Rates

ApyMinMaxProduct
1.50%$1k-5 Year CD
1.25%$1k-4 Year CD
0.95%$1k-3 Year CD
0.85%$1k-30 Month CD
0.75%$1k-2 Year CD
0.70%$1k-18 Month CD
0.65%$1k-1 Year CD
0.50%$1k-6 Month CD
0.30%$1k-3 Month CD

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Oritani Bank
FDIC Certificate #28866
BankRate ReportView
Year Established1911
Employees176
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.58 billion
Loans$1.70 billion
Deposits$1.40 billion
Equity Capital$429.28 million
Loan Loss Allowance$27.54 million
Unbacked Noncurrent Loans$16.95 million
Real Estate Owned$5.57 million

Historic Data - September 2010

Assets$2.43 billion
Equity Capital$396.71 million
Loan Loss Allowance$27.01 million
Unbacked Noncurrent Loans$41.72 million
Real Estate Owned$6.29 million

Profit Margin - Quarterly

Net Interest Margin3.29%
Return on Assets1.05%
Return on Equity6.51%
Interest Income$87.51 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 September 30, 2011 Oritani Savings had $22.52 million in non-current loans and owned real-estate with $456.82 million in equity and loan loss allowances on hand to cover it. This gives Oritani Savings a Texas Ratio of 4.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Oritani Savings decreased significantly from 11.33% as of September 30, 2010 to 4.93% as of September 30, 2011, resulting in a positive change of 56.49%.This indicates that the balance sheet and financial strength for Oritani Savings has improved significantly in recent periods.
Deposit Growth5
In the past year, Oritani Savings has increased its total deposits by $113.37 million, resulting in 8.78% 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 Savings has shown is excellent.
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 Savings has $2.58 billion in assets with $456.82 million in equity, resulting in a capitalization level of 17.68%, which is excellent.
Write Review

No reviews have been left for this bank yet. Be the first to review.


Vote:
0
Checking & Money Market Promotions
OfferCheckingSavingsCash		View Promo Details »
Leave a Comment (1) »
Anonymous - January 24, 2012
where does it say "branch visit" is required? You called and was told that?

 
Featured Savings Account
Nationwide Savings Accounts