Atlantic Stewardship Bank is headquartered in Midland Park and is the 30th largest bank in the state of New Jersey. It is also the 820th largest bank in the nation. It was established in 1985 and as of March of 2019, it had grown to 135 employees at 12 locations. Atlantic Stewardship Bank has an A health rating.
I have been a Power Checking account customer for 3 years and am very satisfied ASB. In exchange for having to 1) direct deposit my paycheck, 2) make a minimum of 10 debit transactions and 3) accept only electronic statements (i.e., no paper), ASB provides free checking with no minimum balance, full monthly ATM refunds, and interest which is 15x what my former Wachovia/Wells Fargo checking and savings for balances up to $25k. Also, despite me visiting the branch for an average of 4 times a year, everyone from the Branch Manager to the tellers know who I am.
Downsides include 1) limited branches - if you live in Bergen County, there are plenty, but outside of that not much coverage, 2) $6 for online bill pay (free online banking though), and 3) they are not on the technological cutting edge - if you're looking for ATMs on every corner, smartphone banking apps and deposit by smart phone pictures, you'll be disappointed.
That being said, I earned $600 of interest and was refunded $250 of other bank's ATM fees last year. I think that's well worth it.
|FDIC Certificate #||26390|
|Return on Assets - YTD||0.84%|
|Return on Equity - YTD||8.11%|
|Annual Interest Income||$9.4MM|
|Assets and Liabilities|
|Assets||Q1 2019vs Q1 2018||$956.8MM$918.1MM|
|Loans||Q1 2019vs Q1 2018||$738.7MM$699.3MM|
|Deposits||Q1 2019vs Q1 2018||$784.6MM$772.8MM|
|Equity Capital||Q1 2019vs Q1 2018||$100.0MM$91.7MM|
|Loan Loss Allowance||Q1 2019vs Q1 2018||$8.0MM$8.4MM|
|Unbacked Noncurrent Loans||Q1 2019vs Q1 2018||$1.8MM$1.1MM|
|Real Estate Owned||Q1 2019vs Q1 2018||$0$0|
Rates for Atlantic Stewardship Bank are currently being reviewed.