Ridgewood Savings Bank

71-02 Forest Avenue
Ridgewood, NY 11385
718-240-4800
www.ridgewoodbank.com

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The people of Ridgewood Savings Bank have been proudly serving their local communities since the bank was founded back in 1921. A lot of things have changed through the years, but one thing has remained the same: their commitment to meeting the needs of their customers and communities.

Ridgewood Savings Bank is convenient, courteous, comfortable and secure. Whatever your financial needs, you'll find the valuable products and services you want.

6.25% 120-Month CD at a New York Bank (Ridgewood Savings) - 2/7/2007

Ridgewood Savings Bank is offering a special 6.25% APY 10-year IRA certificate of deposit. The minimum deposit is $2,000. According to the retirement service rep, the promotion should be available until April 17, 2007. The early withdrawal penalty equals...

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

Ridgewood Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.50%	$75k	-	Acorn Checking
0.30%	$2,500	-	Checking

Ridgewood Savings Bank Savings Account Rates

Apy	Min	Max	Product
1.25%	-	-	School Savings Account
1.25%	-	-	Kids Club
0.60%	$100	-	Savings Account
0.60%	$200	-	Business Savings Account
0.60%	-	-	Club Account

Ridgewood Savings Bank Money Market Rates

	Apy	Min	Max	Product
	0.71%	$25k	-	PowerFlex Money Market

Ridgewood Savings Bank CD Rates

Apy	Min	Max	Product
1.75%	$500	-	72 Month CD
1.50%	$500	-	84 Month CD
1.50%	$500	-	60 Month Bump Up CD
1.35%	$500	-	60 Month CD
1.25%	$500	-	36 Month Bump Up CD
1.15%	$500	-	36 Month CD
1.10%	$500	-	48 Month CD
1.00%	$500	-	24 Month CD
0.90%	$500	-	30 Month CD
0.75%	$500	-	18 Month CD
0.60%	$500	-	12 Month CD
0.50%	$500	-	9 Month CD
0.40%	$500	-	6 Month CD
0.33%	$100	-	18 Month Variable CD
0.25%	$500	-	90 Day CD

Ridgewood Savings Bank IRA Rates

Apy	Min	Max	Product
1.75%	$500	-	72 Month IRA
1.75%	$500	-	72 Month Roth IRA
1.75%	$500	-	72 Month CESA
1.75%	$500	-	72 Month SEP IRA
1.50%	$500	-	84 Month IRA
1.50%	$500	-	84 Month Roth IRA
1.50%	$500	-	84 Month CESA
1.50%	$500	-	84 Month SEP IRA
1.50%	$500	-	60 Month Bump Up CESA
1.50%	$500	-	60 Month Bump Up IRA
1.50%	$500	-	60 Month Bump Up Roth IRA
1.50%	$500	-	60 Month Bump Up SEP IRA
1.35%	$500	-	60 Month IRA
1.35%	$500	-	60 Month Roth IRA
1.35%	$500	-	60 Month CESA
1.35%	$500	-	60 Month SEP IRA
1.25%	$500	-	36 Month Bump Up IRA
1.25%	$500	-	36 Month Bump Up Roth IRA
1.25%	$500	-	36 Month Bump Up CESA
1.25%	$500	-	36 Month Bump Up SEP IRA
1.15%	$500	-	36 Month IRA
1.15%	$500	-	36 Month Roth IRA
1.15%	$500	-	36 Month CESA
1.15%	$500	-	36 Month SEP IRA
1.10%	$500	-	48 Month IRA
1.10%	$500	-	48 Month Roth IRA
1.10%	$500	-	48 Month CESA
1.10%	$500	-	48 Month SEP IRA
1.00%	$500	-	24 Month IRA
1.00%	$500	-	24 Month Roth IRA
1.00%	$500	-	24 Month CESA
1.00%	$500	-	24 Month SEP IRA
0.90%	$500	-	30 Month IRA
0.90%	$500	-	30 Month Roth IRA
0.90%	$500	-	30 Month CESA
0.90%	$500	-	30 Month SEP IRA
0.75%	$500	-	18 Month IRA
0.75%	$500	-	18 Month Roth IRA
0.75%	$500	-	18 Month CESA
0.75%	$500	-	18 Month SEP IRA
0.60%	$500	-	12 Month IRA
0.60%	$500	-	12 Month Roth IRA
0.60%	$500	-	12 Month CESA
0.60%	$500	-	12 Month SEP IRA
0.50%	$500	-	9 Month IRA
0.50%	$500	-	9 Month Roth IRA
0.50%	$500	-	9 Month CESA
0.50%	$500	-	9 Month SEP IRA
0.40%	$500	-	6 Month IRA
0.40%	$500	-	6 Month Roth IRA
0.40%	$500	-	6 Month CESA
0.40%	$500	-	6 Month SEP IRA
0.33%	$100	-	18 Month Variable IRA
0.33%	$100	-	18 Month Variable Roth IRA
0.33%	$100	-	18 Month Variable CESA
0.33%	$100	-	18 Month Variable SEP IRA
0.25%	$500	-	90 Day IRA
0.25%	$500	-	90 Day Roth IRA
0.25%	$500	-	90 Day CESA
0.25%	$500	-	90 Day SEP IRA

Rates updated: 2/9/2012

Data for Q3 2011

Institution Statistics

Ridgewood Savings Bank
FDIC Certificate #	16026
BankRate Report	View
Year Established	1921
Employees	677
Primary Regulator	FDIC
Assets and Liabilities
Assets	$4.75 billion
Loans	$2.38 billion
Deposits	$3.92 billion
Equity Capital	$604.17 million
Loan Loss Allowance	$13.05 million
Unbacked Noncurrent Loans	$38.66 million
Real Estate Owned	$1.32 million
Historic Data - September 2010
Assets	$4.57 billion
Equity Capital	$587.43 million
Loan Loss Allowance	$12.47 million
Unbacked Noncurrent Loans	$38.25 million
Real Estate Owned	$38,000
Profit Margin - Quarterly
Net Interest Margin	2.75%
Return on Assets	0.49%
Return on Equity	3.78%
Interest Income	$133.03 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
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 Ridgewood Savings Bank had $39.98 million in non-current loans and owned real-estate with $617.22 million in equity and loan loss allowances on hand to cover it. This gives Ridgewood Savings Bank a Texas Ratio of 6.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Ridgewood Savings Bank held steady from 6.38% as of September 30, 2010 to 6.48% as of September 30, 2011, resulting in a negative change of 1.48%. This indicates that the balance sheet and financial strength for Ridgewood Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Ridgewood Savings Bank has increased its total deposits by $148.88 million, resulting in 3.95% 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 Ridgewood Savings Bank has shown is above average.
Capitalization
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. Ridgewood Savings Bank has $4.75 billion in assets with $617.22 million in equity, resulting in a capitalization level of 12.98%, which is excellent.