SussexBank

399 Route 23
Franklin, NJ 7416
(973) 827-2404
www.sussexbank.com

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SussexBank is headquartered in Franklin and is the 45^th largest bank in the state of New Jersey. It is also the 1,323^rd largest bank in the nation. It was established in 1976 and as of March of 2012, it had grown to 126 employees at 10 locations. SussexBank has a 3-star health rating.

SussexBank Routing Number: 021214396

5.51% 24-Month CD at a New Jersey Bank (SussexBank) - 7/13/2007

SussexBank is having several certificate of deposit promotions. The highest rate is 5.51% APY for a 24 month term. The 18-month CD promo has a yield of 5.40% APY. The minimum deposit is $2,500. See rate table for the full details.The bank serves New...

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

SussexBank Checking Account Rates

Apy	Min	Max	Product
0.20%	$25k	-	High Point Checking
0.10%	$1k	-	Business NOW
0.05%	-	-	50+ Free Interest Checking
0.05%	-	-	VIP Interest Checking

SussexBank Savings Account Rates

Apy	Min	Max	Product
0.45%	$100k	-	Savings Plus
0.25%	-	-	Vacation Club
0.25%	-	-	Holiday Club
0.20%	$5k	-	Health Savings Accounts
0.20%	-	-	Variable Rate IRA
0.10%	$100	-	Statement Savings
0.05%	$100	-	Passbook Savings

SussexBank Money Market Rates

Apy	Min	Max	Product
0.30%	$25k	-	Personal Money Market
0.30%	$100k	-	Tiered Business Money Market

SussexBank CD Rates

Apy	Min	Max	Product
1.40%	$2,500	-	5 Year Promo CD
1.25%	$2,500	-	4 Year Promo CD
1.10%	$2,500	-	3 Year Promo CD
0.75%	$2,500	-	3-10 Year CD
0.60%	$2,500	-	2 Year CD
0.55%	$2,500	-	9 Month Promo CD
0.40%	$2,500	-	1 Year CD
0.25%	$2,500	-	180 Day CD
0.15%	$2,500	-	90 Day CD
0.10%	$2,500	-	30 Day CD

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

SussexBank
FDIC Certificate #	22221
BankRate Report	View
Year Established	1976
Employees	126
Primary Regulator	FDIC
Assets and Liabilities
Assets	$512.25 million
Loans	$327.82 million
Deposits	$433.26 million
Equity Capital	$49.74 million
Loan Loss Allowance	$7.62 million
Unbacked Noncurrent Loans	$28.17 million
Real Estate Owned	$4.95 million
Historic Data - March 2011
Assets	$466.94 million
Equity Capital	$47.18 million
Loan Loss Allowance	$7.23 million
Unbacked Noncurrent Loans	$24.89 million
Real Estate Owned	$2.08 million
Profit Margin - Quarterly
Net Interest Margin	3.45%
Return on Assets	-0.09%
Return on Equity	-0.97%
Interest Income	$5.02 million

Institution Health

Overall Score:

3 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 March 31, 2012 SussexBank had $33.12 million in non-current loans and owned real-estate with $57.35 million in equity and loan loss allowances on hand to cover it. This gives SussexBank a Texas Ratio of 57.74% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for SussexBank increased slightly from 49.58% as of March 31, 2011 to 57.74% as of March 31, 2012, resulting in a negative change of 16.47%. This indicates that the balance sheet and financial strength for SussexBank has declined slightly in recent periods.
Deposit Growth
In the past year, SussexBank has increased its total deposits by $42.2 million, resulting in 10.79% 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 SussexBank has shown is excellent.
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. SussexBank has $512.25 million in assets with $57.35 million in equity, resulting in a capitalization level of 11.20%, which is above average.

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SussexBank

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