Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
64 Old Highway 22
Clinton, NJ 08809

Unity Bank (NJ) is headquartered in Clinton and is the 25th largest bank in the state of New Jersey. It is also the 732nd largest bank in the nation. It was established in 1991 and as of December of 2013, it had grown to 163 employees at 15 locations. Unity Bank (NJ) has a B health rating.

Related Posts

No reviews have been left for this bank yet. Be the first to review.


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 Unity Bank (NJ) had $15.34 million in non-current loans and owned real-estate with $75.96 million in equity and loan loss allowances on hand to cover it. This gives Unity Bank (NJ) a Texas Ratio of 20.19% 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 Unity Bank (NJ) experienced no significant changes from 21.62% as of December 31, 2012 to 20.19% as of December 31, 2013, resulting in a positive change of 6.62%.This indicates that the balance sheet and financial strength for Unity Bank (NJ) has had no significant changes in recent periods.

Deposit Growth


In the past year, Unity Bank (NJ) has increased its total deposits by $78.86 million, resulting in 11.94% 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 Unity Bank (NJ) has shown is excellent.



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. Unity Bank (NJ) has $920.48 million in assets with $75.96 million in equity, resulting in a capitalization level of 8.25%, which is average.

Institution Statistics

FDIC Certificate #33503
Year Established1991
Primary RegulatorFDIC
Assets and Liabilities
Assets$920.48 million
Loans$665.56 million
Deposits$739.44 million
Equity Capital$62.81 million
Loan Loss Allowance$13.14 million
Unbacked Noncurrent Loans$14.70 million
Real Estate Owned$633,000
Historic Data - December 2012
Assets$819.10 million
Equity Capital$72.21 million
Loan Loss Allowance$14.76 million
Unbacked Noncurrent Loans$14.70 million
Real Estate Owned$1.83 million
Profit Margin - Quarterly
Net Interest Margin3.52%
Return on Assets0.56%
Return on Equity6.96%
Interest Income$34.56 million

Always verify rates and promotions with the bank or credit union. We are not Unity Bank (NJ), we are a rate comparison website and can not provide official rates or promotions.

Unity Bank (NJ) Savings Account Rates

0.25%--Loyalty Savings Account
0.25%$100k-Opportunity Savings Account
0.25%$100k-Loyalty Business Savings Account
0.10%-$50kFun Club (Auto Transfer) Account
0.05%$25-Prosperity Savings Account
0.05%-$50kFun Club Account

Unity Bank (NJ) Money Market Rates

0.25%$50k-Money Market IRA
0.15%$10k-Opportunity Money Market Account

Unity Bank (NJ) Checking Account Rates

0.15%$7k-Opportunity Checking Account
0.10%$100-Prosperity Plus Checking Account
0.10%--Student Checking

Unity Bank (NJ) CD Rates

1.25%$1k-60 Month CD
1.00%$1k-48 Month CD
0.80%$1k-36 Month CD
0.75%$100k-3 Year CDARS CD
0.60%$1k-24 Month CD
0.40%$1k-12 Month CD
0.25%$100k-2 Year CDARS CD
0.20%$1k-6 Month CD
0.15%$1k-3 Month CD
0.10%$100k-4 Week CDARS CD
0.10%$100k-13 Week CDARS CD
0.10%$100k-26 Week CDARS CD
0.10%$100k-52 Week CDARS CD

Unity Bank (NJ) has 15 locations. Click to view all Unity Bank (NJ) locations.