Spencer Savings Bank

River Drive Center 3 - 611 River Drive
Elmwood Park, NJ 07407
1-800-363-8115
www.spencersavings.com

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Spencer Savings Bank is headquartered in Elmwood Park and is the 14^st largest bank in the state of New Jersey. It is also the 373^rd largest bank in the nation. It was established in 1939 and as of September of 2011, it had grown to 219 employees at 20 locations. Spencer Savings Bank 's savings rates are 92% higher than the national average, and it has a 4-star health rating.

3.25% 49-Month IRA CD at Spencer Savings Bank in Northern NJ - Local Only - 2/16/2010

Spencer Savings Bank is offering a competitive 3.25% APY 49-month IRA CD. Unfortunately, it's not available as a regular CD. Minimum deposit is $500. This rate is listed at the bank's IRA rates page ...

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

Spencer Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.25%	$35k	-	Spencer Platinum Checking
0.15%	$100	-	Spencer Gold Checking

Spencer Savings Bank Savings Account Rates

Apy	Min	Max	Product
1.00%	-	-	SpencerKids Savings
0.60%	$100k	-	Platinum Savings
0.50%	$1k	-	IRA Savings
0.50%	$1k	-	Roth IRA Savings
0.50%	-	-	Holiday Club
0.45%	$100	-	Passbook Savings
0.25%	$100	-	Premium Savings

Spencer Savings Bank Money Market Rates

	Apy	Min	Max	Product
	0.50%	$10k	-	Premium Money Market

Spencer Savings Bank CD Rates

Apy	Min	Max	Product
1.65%	$1k	-	60 Month CD
1.30%	$1k	-	48 Month CD
1.15%	$1k	-	36 Month CD
1.00%	$1k	-	30 Month CD
0.90%	$1k	-	24 Month CD
0.85%	$1k	-	18 Month CD
0.75%	$1k	-	12 Month CD
0.50%	$1k	-	6 Month CD
0.25%	$1k	-	91 Day CD

Spencer Savings Bank IRA Rates

Apy	Min	Max	Product
1.65%	$500	-	60 Month Fixed CESA
1.65%	$500	-	60 Month Fixed Roth IRA
1.65%	$500	-	60 Month Fixed IRA
1.30%	$500	-	48 Month Fixed CESA
1.30%	$500	-	48 Month Fixed Roth IRA
1.30%	$500	-	48 Month Fixed IRA
1.15%	$500	-	36 Month Fixed CESA
1.15%	$500	-	36 Month Fixed Roth IRA
1.15%	$500	-	36 Month Fixed IRA
1.00%	$500	-	30 Month Fixed CESA
1.00%	$500	-	30 Month Fixed Roth IRA
1.00%	$500	-	30 Month Fixed IRA
0.90%	$500	-	24 Month Fixed CESA
0.90%	$500	-	24 Month Fixed Roth IRA
0.90%	$500	-	24 Month Fixed IRA
0.75%	$500	-	12 Month Fixed CESA
0.75%	$500	-	12 Month Fixed Roth IRA
0.75%	$500	-	12 Month Fixed IRA
0.50%	$50	-	18 Month Variable CESA
0.50%	$50	-	18 Month Variable Roth IRA
0.50%	$50	-	18 Month Variable IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Spencer Savings Bank, SLA
OTS #	04693
FDIC Certificate #	30076
BankRate Report	View
Year Established	1939
Employees	219
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.81 billion
Loans	$1.20 billion
Deposits	$1.32 billion
Equity Capital	$234.19 million
Loan Loss Allowance	$12.51 million
Unbacked Noncurrent Loans	$19.85 million
Real Estate Owned	$8.53 million
Historic Data - September 2010
Assets	$1.86 billion
Equity Capital	$220.72 million
Loan Loss Allowance	$12.54 million
Unbacked Noncurrent Loans	$41.28 million
Real Estate Owned	$171,000
Profit Margin - Quarterly
Net Interest Margin	3.35%
Return on Assets	0.77%
Return on Equity	6.04%
Interest Income	$59.30 million

Institution Health

Overall Score:

4 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 Spencer Savings Bank had $28.38 million in non-current loans and owned real-estate with $246.7 million in equity and loan loss allowances on hand to cover it. This gives Spencer Savings Bank a Texas Ratio of 11.50% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Spencer Savings Bank decreased slightly from 17.77% as of September 30, 2010 to 11.50% as of September 30, 2011, resulting in a positive change of 35.26%.This indicates that the balance sheet and financial strength for Spencer Savings Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Spencer Savings Bank has decreased its total deposits by -$18.38 million, resulting in -1.37% 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 Spencer Savings Bank has shown is below 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. Spencer Savings Bank has $1.81 billion in assets with $246.7 million in equity, resulting in a capitalization level of 13.63%, which is excellent.