Crown Bank is headquartered in Elizabeth and is the 40th largest bank in the state of New Jersey. It is also the 1,581st largest bank in the nation. It was established in 1998 and as of December of 2020, it had grown to 78 employees at 14 locations. Crown Bank has a B health rating.
I banked with Crown Bank in New Jersey. My experience with them was sub par. They cater largely to businesses and small-time investments such as CDs. Their website is years behind the times. Their locations are largely inconvenient to get to unless you live in the northern part of the state. All in all, I do not recommend them as there are other banks with much more competitive products, convenient locations, and up-to-date online services.
|FDIC Certificate #||34259|
|Return on Assets - YTD||3.3%|
|Return on Equity - YTD||15.84%|
|Annual Interest Income||$26.5MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$525.6MM$523.2MM|
|Loans||Q4 2020vs Q4 2019||$421.8MM$356.8MM|
|Deposits||Q4 2020vs Q4 2019||$381.6MM$415.0MM|
|Equity Capital||Q4 2020vs Q4 2019||$118.1MM$103.5MM|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$7.4MM$9.5MM|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$10.2MM$10.3MM|
|Real Estate Owned||Q4 2020vs Q4 2019||$6.1MM$6.4MM|
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