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Overview / Commentary
64 Crescent Avenue
Waldwick, NJ 07463

Pascack Community Bank is headquartered in Waldwick and is the 54th largest bank in the state of New Jersey. It is also the 1,748th largest bank in the nation. It was established in 2002 and as of December of 2013, it had grown to 59 employees at 8 locations. Pascack Community Bank has a B+ health rating.

Reviews (2)

HORRIBLE BANK - SEVERELY UNPROFESSIONAL

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.

Asset To The Community

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!



Health

Data for Q4 2013

Institution Health

B+

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 Pascack Community Bank had $2.72 million in non-current loans and owned real-estate with $40.9 million in equity and loan loss allowances on hand to cover it. This gives Pascack Community Bank a Texas Ratio of 6.65% 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 Pascack Community Bank decreased slightly from 8.27% as of December 31, 2012 to 6.65% as of December 31, 2013, resulting in a positive change of 19.57%.This indicates that the balance sheet and financial strength for Pascack Community Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Pascack Community Bank has decreased its total deposits by -$8 million, resulting in -2.52% 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 below average.

Capitalization

GRADE:
B+

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 $375.3 million in assets with $40.9 million in equity, resulting in a capitalization level of 10.90%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57215
Year Established2002
Employees59
Primary RegulatorFDIC
Assets and Liabilities
Assets$375.30 million
Loans$302.01 million
Deposits$309.92 million
Equity Capital$35.83 million
Loan Loss Allowance$5.07 million
Unbacked Noncurrent Loans$2.72 million
Real Estate Owned$0
Historic Data - December 2012
Assets$375.95 million
Equity Capital$29.17 million
Loan Loss Allowance$4.42 million
Unbacked Noncurrent Loans$2.72 million
Real Estate Owned$800,000
Profit Margin - Quarterly
Net Interest Margin4.72%
Return on Assets0.67%
Return on Equity7.96%
Interest Income$19.42 million
Rates

Sorry, we do not have rate data for Pascack Community Bank

Locations


Pascack Community Bank Locations
Bank Of Rochelle Park Branch1 East Passaic StreetRochelle Park, NJ 7662
Lodi Branch2 Arnot StreetLodi, NJ 7644
Westwood Branch21 Jefferson AvenueWestwood, NJ 7675
Hillsdale Branch210 BroadwayHillsdale, NJ 7642
Hackensack Branch25 Main StreetHackensack, NJ 7601
Nutley Branch356 Franklin AvenueNutley, NJ 7110
Pascack Community Bank64 Crescent AvenueWaldwick, NJ 7463
Bank Of Hackensack9 Polifly RoadHackensack, NJ 7601