Crown Bank is headquartered in Elizabeth and is the 40th largest bank in the state of New Jersey. It is also the 1,567th largest bank in the nation. It was established in 1998 and as of March of 2021, it had grown to 76 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||3.18%|
|Return on Equity - YTD||14.78%|
|Annual Interest Income||$7.0MM|
|Assets and Liabilities|
|Assets||Q1 2021vs Q1 2020||$562.0MM$512.5MM|
|Loans||Q1 2021vs Q1 2020||$431.8MM$372.4MM|
|Deposits||Q1 2021vs Q1 2020||$420.6MM$387.8MM|
|Equity Capital||Q1 2021vs Q1 2020||$115.9MM$108.0MM|
|Loan Loss Allowance||Q1 2021vs Q1 2020||$7.4MM$9.5MM|
|Unbacked Noncurrent Loans||Q1 2021vs Q1 2020||$10.1MM$10.3MM|
|Real Estate Owned||Q1 2021vs Q1 2020||$6.1MM$6.4MM|
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