Somerset Regal Bank is headquartered in BOUND BROOK and is the 23rd largest bank in the state of New Jersey. It is also the 989th largest bank in the nation. It was established in 1887 and as of September of 2024, it had grown to 117 employees at 15 locations. Somerset Regal Bank's money market rates are 9X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 28778 |
Year Established | 1887 |
Employees | 117 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | -0.09% |
Return on Equity - YTD | -0.5% |
Annual Interest Income | $34.5MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $1.05B$1.11B |
Loans | Q3 2024vs Q3 2023 | $767.7MM$692.9MM |
Deposits | Q3 2024vs Q3 2023 | $831.4MM$884.9MM |
Equity Capital | Q3 2024vs Q3 2023 | $189MM$192.4MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $5.1MM$5.3MM |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $9K$137K |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $10k* | - | Tiered Savings | ||
OTHER TIERS: 0.05% → $0 - $10k | |||||
0.05% | $50 | - | Passbook Savings | ||
0.05% | $50 | - | Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.08% | $0 | - | Premium Money Market Account | |
0.10% | $250 | - | Provider Money Market Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $500 | - | Interest Checking | |
0.05% | $500 | - | Free 50+ Checking with Interest |
Somerset Regal Bank Locations | ||
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Middlesex | 1305 Bound Brook Road | Middlesex, NJ 08846 |
Flemington | 141 Broad Street | Flemington, NJ 08822 |
Somerset Savings Bank, SLA | 220 W Union Ave | Bound Brook, NJ 08805 |
Manville Branch | 41 South Main Street | Manville, NJ 08835 |
Whitehouse Branch | 410 Us 22 | Whitehouse Station, NJ 08889 |
Somerville | 64 West End Avenue | Somerville, NJ 08876 |
Raritan | 802 Somerset Street | Raritan, NJ 08869 |