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Overview / Commentary
24 Davis Ave
Kearny, NJ 07032

Schuyler Savings Bank is headquartered in Kearny and is the 94th largest bank in the state of New Jersey. It is also the 4,453rd largest bank in the nation. It was established in 1924 and as of June of 2014, it had grown to 18 employees at 1 location. Schuyler Savings Bank has a B+ health rating.

Reviews (1)

Friendly Staff, Excellent Rates, True Community Bank

Schuyler Savings Bank is a true community bank. Its staff is very friendly, the service is excellent and their rates are always good. My family has banked there for years. They take pride in their community and their President and their Chief Financial Officer, who have been at the bank for a long time, are always just a phone call away. I highly recommend this bank for their rates, their people, and their service. It's a reminder of the old Cheers TV show, a place where everyone knows your name.


Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Schuyler Savings Bank had $1.89 million in non-current loans and owned real-estate with $18.86 million in equity and loan loss allowances on hand to cover it. This gives Schuyler Savings Bank a Texas Ratio of 10.03% 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 Schuyler Savings Bank experienced no significant changes from 10.38% as of June 30, 2013 to 10.03% as of June 30, 2014, resulting in a positive change of 3.42%.This indicates that the balance sheet and financial strength for Schuyler Savings Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Schuyler Savings Bank has decreased its total deposits by -$3.97 million, resulting in -4.23% 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 Schuyler Savings Bank has shown is below average.



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. Schuyler Savings Bank has $109.94 million in assets with $18.86 million in equity, resulting in a capitalization level of 17.16%, which is excellent.

Institution Statistics

FDIC Certificate #30072
Year Established1924
Primary RegulatorFDIC
Assets and Liabilities
Assets$109.94 million
Loans$61.48 million
Deposits$90.01 million
Equity Capital$18.15 million
Loan Loss Allowance$717,000
Unbacked Noncurrent Loans$1.71 million
Real Estate Owned$179,000
Historic Data - June 2013
Assets$113.36 million
Equity Capital$17.77 million
Loan Loss Allowance$659,000
Unbacked Noncurrent Loans$1.71 million
Real Estate Owned$508,000
Profit Margin - Quarterly
Return on Assets0.28%
Return on Equity1.76%
Interest Income$1.81 million

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Schuyler Savings Bank Savings Account Rates

0.20%--Kid Savers Account
0.10%--Passbook Savings Account
0.10%--Statement Savings Account w/ATM Card
0.10%--Christmas Club Account
0.10%--Vacation Club Account

Schuyler Savings Bank Money Market Rates

0.25%$50k-Premimum Tiered Money Market Account
0.10%--Money Market Passbook Account

Schuyler Savings Bank Checking Account Rates

0.10%--Senior Checking Account
0.10%$100-NOW Checking Account
0.10%$100-Small Business Checking Account

Schuyler Savings Bank CD Rates

1.30%$1k-60 Month CD
1.15%$1k-48 Month CD
0.90%$1k-36 Month CD
0.90%$1k-36 Month Flexible CD
0.65%$1k-24 Month CD
0.65%$1k-30 Month CD
0.40%$1k-18 Month CD
0.40%$1k-18 Month Flexible CD
0.40%$1k-18 Month Variable CD
0.25%$1k-12 Month CD
0.25%$1k-13 Month CD
0.20%$1k-5 Month CD
0.20%$1k-6 Month CD
0.20%$1k-7 Month CD
0.15%$1k-91 Day CD
0.15%$1k-99 Day CD

Schuyler Savings Bank IRA Rates

1.30%$1k-60 Month IRA
1.15%$1k-48 Month IRA
0.90%$1k-36 Month IRA
0.90%$1k-36 Month Flexible IRA
0.65%$1k-24 Month IRA
0.65%$1k-30 Month IRA
0.40%$1k-18 Month IRA
0.40%$1k-18 Month Flexible IRA
0.40%$1k-18 Month Variable IRA
0.25%$1k-12 Month IRA
0.25%$1k-13 Month IRA
0.20%$1k-5 Month IRA
0.20%$1k-6 Month IRA
0.20%$1k-7 Month IRA
0.15%$1k-91 Day IRA
0.15%$1k-99 Day IRA

Schuyler Savings Bank Locations
Schuyler Savings Bank24 Davis AveKearny, NJ 7032