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Overview / Commentary
9417 Third Ave
Stone Harbor, NJ 08247

Sturdy Savings Bank is headquartered in Stone Harbor and is the 40th largest bank in the state of New Jersey. It is also the 1,176th largest bank in the nation. It was established in 1922 and as of December of 2013, it had grown to 115 employees at 8 locations. Sturdy Savings Bank has a B health rating.

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Data for Q4 2013

Institution Health


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 December 31, 2013 Sturdy Savings Bank had $10.67 million in non-current loans and owned real-estate with $69.27 million in equity and loan loss allowances on hand to cover it. This gives Sturdy Savings Bank a Texas Ratio of 15.40% 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 Sturdy Savings Bank experienced no significant changes from 15.30% as of December 31, 2012 to 15.40% as of December 31, 2013, resulting in a negative change of 0.64%. This indicates that the balance sheet and financial strength for Sturdy Savings Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Sturdy Savings Bank has decreased its total deposits by $-154,000, resulting in -0.03% 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 Sturdy Savings Bank has shown is 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. Sturdy Savings Bank has $563.14 million in assets with $69.27 million in equity, resulting in a capitalization level of 12.30%, which is excellent.

Institution Statistics

FDIC Certificate #28788
Year Established1922
Primary RegulatorFDIC
Assets and Liabilities
Assets$563.14 million
Loans$359.24 million
Deposits$456.37 million
Equity Capital$66.81 million
Loan Loss Allowance$2.46 million
Unbacked Noncurrent Loans$8.30 million
Real Estate Owned$2.37 million
Historic Data - December 2012
Assets$553.41 million
Equity Capital$67.89 million
Loan Loss Allowance$2.51 million
Unbacked Noncurrent Loans$8.30 million
Real Estate Owned$1.64 million
Profit Margin - Quarterly
Net Interest Margin3.41%
Return on Assets0.28%
Return on Equity2.28%
Interest Income$18.53 million

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Sturdy Savings Bank Savings Account Rates

0.25%$100k-Gold Savings
0.03%$100-Regular Savings
0.03%$100-Passbook Retirement Account

Sturdy Savings Bank Money Market Rates

0.25%$100k-Money Market Account
0.25%$100k-Premier Money Market
0.25%$100k-Business Money Market

Sturdy Savings Bank Checking Account Rates

0.01%$100-NOW Checking
0.01%$100-Premier NOW Checking
0.01%$500-Small Business NOW
0.01%$500-Small Business Checking (for Non-Profit Organizations)

Sturdy Savings Bank CD Rates

1.25%$500-5 Year CD
1.01%$500-4 Year CD
0.20%$500-3 Year CD
0.10%$1k-3 Month CD
0.10%$1k-6 Month CD
0.10%$1k-9 Month CD
0.10%$500-12 Month CD
0.10%$500-18 Month CD
0.10%$500-2 Year CD
0.10%$500-30 Month CD
0.05%$500-Excel-A-Rate CD
0.05%$100-18 Month Variable CD

Sturdy Savings Bank IRA Rates

1.25%$500-5 Year IRA
1.01%$500-4 Year IRA
0.20%$500-3 Year IRA
0.10%$500-12 Month IRA
0.10%$500-18 Month IRA
0.10%$500-2 Year IRA
0.10%$500-30 Month IRA
0.05%$100-18 Month Variable IRA
0.05%$500-Excel-A-Rate IRA

Sturdy Savings Bank Locations
Ocean City Branch101 East 34th StreetOcean City, NJ 8226
Dennisville Branch1224 Route 47Dennisville, NJ 8214
Cape May Court House Branch17 S Main StCape May Court House, NJ 8210
Avalon Branch2628 Dune DriveAvalon, NJ 8202
Asbury Avenue Branch661 Asbury AvenueOcean City, NJ 8226
Cape May Branch701 Washington StreetCape May, NJ 8204
Sturdy Savings Bank9417 Third AveStone Harbor, NJ 8247
North Cape May BranchBayshore & Ferry RdNorth Cape May, NJ 8204