2.5 star ratingAverage User Rating:
2.5 star rating based on 2 reviews.

Pascack Community Bank

Pascack Community Bank Locations
21 Jefferson Avenue
Westwood, NJ 7675
www.pascackbank.com

Pascack Community Bank is headquartered in Waldwick and is the 59th largest bank in the state of New Jersey. It is also the 1,902nd largest bank in the nation. It was established in 2002 and as of March of 2012, it had grown to 50 employees at 6 locations. Pascack Community Bank has a 4-star health rating.

Pascack Community Bank Routing Number: 021213698


Data for Q1 2012


Institution Statistics


Pascack Community Bank
FDIC Certificate #57215
BankRate ReportView
Year Established2002
Employees50
Primary RegulatorFDIC

Assets and Liabilities

Assets$345.28 million
Loans$265.92 million
Deposits$288.35 million
Equity Capital$26.34 million
Loan Loss Allowance$3.43 million
Unbacked Noncurrent Loans$1.72 million
Real Estate Owned$800,000

Historic Data - March 2011

Assets$308.83 million
Equity Capital$24.50 million
Loan Loss Allowance$2.96 million
Unbacked Noncurrent Loans$951,000
Real Estate Owned$630,000

Profit Margin - Quarterly

Net Interest Margin4.15%
Return on Assets0.69%
Return on Equity9.01%
Interest Income$4.07 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 March 31, 2012 Pascack Community Bank had $2.52 million in non-current loans and owned real-estate with $29.77 million in equity and loan loss allowances on hand to cover it. This gives Pascack Community Bank a Texas Ratio of 8.47% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Pascack Community Bank held steady from 5.76% as of March 31, 2011 to 8.47% as of March 31, 2012, resulting in a negative change of 47.10%. This indicates that the balance sheet and financial strength for Pascack Community Bank has held steady in recent periods.
Deposit Growth5
In the past year, Pascack Community Bank has increased its total deposits by $33.24 million, resulting in 13.03% 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 Pascack Community Bank has shown is excellent.
Capitalization3
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. Pascack Community Bank has $345.28 million in assets with $29.77 million in equity, resulting in a capitalization level of 8.62%, which is average.
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HORRIBLE BANK - SEVERELY UNPROFESSIONAL
1 stars - badbank - Tuesday, February 8, 2011 - 4:31 PM

by far the worst bank i have ever had the displeasure of dealing with.  customer service simply doesn't exist at this bank.  they have made numerous and significant errors over the years on my accounts without apology.  don't bother complaining, as the president himself will tell you that if you don't like the way they do business, you can take your money elsewhere.  unprofessional and simply lacking basic business etiquette. keep it up and everyone will take their money elsewhere.

4

Asset To The Community
4 stars - KO5648 - Tuesday, March 8, 2011 - 1:53 PM

This bank is an asset to our community!  The counter clerks are friendly and helpful and Vera never lets me down when I send an electronic help message.  If the hours were more user friendly to the working public coming home and needing counter service, I would have given it a 5 star rating!

2
 
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