Overview / Commentary
Somerset Savings Bank is headquartered in Bound Brook and is the 36th largest bank in the state of New Jersey. It is also the 1,270th largest bank in the nation. It was established in 1887 and as of December of 2019, it had grown to 68 employees at 7 locations. Somerset Savings Bank has an A+ health rating.
Reviews (1)
Bank Experience
Posted by: Adk | Jul 11, 2016
Very bad experience. Teller in 1st cubicle in Middlesex branch is very rude, very loud, talkative that everyone hears. She harassed me 3 times with her nasty, unprofessional remarks to me and management just watching not intervening to just calm her down. I will close my account because of her.
Health
A+
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28778 |
| Year Established | 1887 |
| Employees | 68 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 2.65% |
| Annual Interest Income | $16.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $587.9MM$565.4MM |
| Loans | Q4 2019vs Q4 2018 | $333.7MM$334.2MM |
| Deposits | Q4 2019vs Q4 2018 | $465.3MM$447.6MM |
| Equity Capital | Q4 2019vs Q4 2018 | $118.8MM$113.9MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $916.00K$900.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $269.00K$132.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |