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Rumson-Fair Haven Bank and Trust Company

Rumson-Fair Haven Bank and Trust Company
Overview / Commentary
20 Bingham Avenue
Rumson, NJ 07760

Rumson-Fair Haven Bank and Trust Company is headquartered in Rumson and is the 73rd largest bank in the state of New Jersey. It is also the 2,740th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 43 employees at 5 locations. Rumson-Fair Haven Bank and Trust Company has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

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 Rumson-Fair Haven Bank and Trust Company had $1 million in non-current loans and owned real-estate with $20.73 million in equity and loan loss allowances on hand to cover it. This gives Rumson-Fair Haven Bank and Trust Company a Texas Ratio of 4.85% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Rumson-Fair Haven Bank and Trust Company experienced no significant changes from 3.76% as of December 31, 2012 to 4.85% as of December 31, 2013, resulting in a negative change of 29.00%. This indicates that the balance sheet and financial strength for Rumson-Fair Haven Bank and Trust Company has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Rumson-Fair Haven Bank and Trust Company has increased its total deposits by $18.82 million, resulting in 10.37% 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 Rumson-Fair Haven Bank and Trust Company has shown is excellent.

Capitalization

GRADE:
C+

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. Rumson-Fair Haven Bank and Trust Company has $230.31 million in assets with $20.73 million in equity, resulting in a capitalization level of 9.00%, which is average.

Institution Statistics

Overall
FDIC Certificate #35381
Year Established2000
Employees43
Primary RegulatorFDIC
Assets and Liabilities
Assets$230.31 million
Loans$147.64 million
Deposits$200.37 million
Equity Capital$18.99 million
Loan Loss Allowance$1.74 million
Unbacked Noncurrent Loans$1.01 million
Real Estate Owned$0
Historic Data - December 2012
Assets$212.68 million
Equity Capital$18.48 million
Loan Loss Allowance$1.53 million
Unbacked Noncurrent Loans$1.01 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.94%
Return on Assets0.23%
Return on Equity2.73%
Interest Income$7.55 million
Rates

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Locations


Rumson-Fair Haven Bank and Trust Company Locations
Rumson-Fair Haven Bank and Trust Company20 Bingham AvenueRumson, NJ 7760
Oceanport Branch251 East Main StreetOceanport, NJ 7757
Shrewsbury Branch500 Broad StreetShrewsbury, NJ 7702
Asbury Park Branch511 Cookman AvenueAsbury Park, NJ 7712
Fair Haven Branch636 River RoadFair Haven, NJ 7704