Schuyler Savings Bank is headquartered in Kearny and is the 60th largest bank in the state of New Jersey. It is also the 3,801st largest bank in the nation. It was established in 1924 and as of June of 2020, it had grown to 17 employees at 2 locations. Schuyler Savings Bank has an A health rating.
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Friendly Staff, Excellent Rates, True Community Bank
Schuyler Savings Bank is a true community bank. Its staff is very friendly, the service is excellent and their rates are always good. My family has banked there for years. They take pride in their community and their President and their Chief Financial Officer, who have been at the bank for a long time, are always just a phone call away. I highly recommend this bank for their rates, their people, and their service. It's a reminder of the old Cheers TV show, a place where everyone knows your name.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 30072 |
| Year Established | 1924 |
| Employees | 17 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.18% |
| Return on Equity - YTD | 1.1% |
| Annual Interest Income | $2.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $120.9MM$119.2MM |
| Loans | Q2 2020vs Q2 2019 | $87.2MM$79.5MM |
| Deposits | Q2 2020vs Q2 2019 | $93.9MM$94.5MM |
| Equity Capital | Q2 2020vs Q2 2019 | $19.6MM$19.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $862.00K$846.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $830.00K$940.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |