Hudson City Savings Bank
West 80 Century Road
Paramus, NJ 7652
General Bank Information
FDIC Insured Yes
FDIC Certificate # 13074
Date Established 1868
Hudson City Savings Bank is an FDIC insured institution located in Paramus, NJ. It was founded in 1868 and has approximately $37.16 billion in assets. Customers can open an account via one of its 135 branches.
Hudson City Savings Bank Financial Size
For a more detailed analysis of Hudson City Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Bank Loan Profile?
Comparison to Other Banks
|1-4 Family Residential Loans||100.00||✓|
|Credit Card Loans||0.00||✓|
|Consumer Auto Loans||0.00||✓|
|Small Business Loans||0.03||✓|
|Construction and Development Loans||0.00||✓|
|Commercial Real Estate||0.05||✓|
|Commercial and Industrial Loans||0.04||✓|
The top three loan types in Hudson City Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.
Compared to other banks in New Jersey, Hudson City Savings Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
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|Fixed IRA Rates||APY||Min||Max||More|
|Fixed IRA 0K||0.50%||$500||-|
|Special: 18 Mo FIRA||1.00%||$500||-|
|Special: 24 Mo FIRA||1.15%||$500||-|
|Special: 30 Mo FIRA||1.15%||$500||-|
|Special: 36 Mo FIRA||1.20%||$500||-|
|Variable IRA Rates||APY||Min||Max||More|
|Var IRA 0K||0.15%||$10||-|
|Premium MM 10K||0.10%||$10||$24,999|
|Premium MM 25K||0.20%||$25,000||-|
|Int Checking Rates||APY||Min||Max||More|
|Int Ckg 0K||0.10%||$10||$999|
|Int Ckg 2.5K||0.15%||$1,000||-|
|Super NOW Account||0.20%||$1,000||$8.00|
|Better Interest Banking||0.25%||$5,000||$10.00|
|High Value Checking||0.35%||$0||$0.00|
|Free Personal Checking||0.00%||$0||$0.00|
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BestCashCow tracks mortgage, home equity, and auto loan rates. In the future, we will be adding other loan products. Please contact the lender for questions about their loan products.
|Home Equity Rates||APR||Rate||Monthly Payment||More|
|Line of Credit||3.25%||3.25%||Varies|
|10 Year Loan||4.00%||4.00%||$506.23|
|15 Year Loan||4.38%||4.38%||$379.44|
Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Hudson City Savings Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Hudson City Savings Bank. The data is provided by the FDIC. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.
|Hudson City Savings Bank||U.S. Bank Average|
The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of September 30, 2014, Hudson City Savings Bank had $859,839,000 in non-current loans and $78,514,000 in owned real estate. To cover these potential losses it had $4,459,677,000 in equity and $242,212,000 in loans loss reserves. That gives it a Texas Ratio of 19.96%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.
|Return on Equity||3.43%||9.04%|
Hudson City Savings Bank has a Return on Equity of 3.43% versus the BestCashCow average of 9.04%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Hudson City Savings Bank has a Capitalization of 12% versus the BestCashCow average of 11.20%. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Hudson City Savings Bank Balance Sheet Analysis
As of September 30, 2014, Hudson City Savings Bank had assets of $37,157,485,000, loans of $22,144,986,000, and deposits of $20,104,783,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Customer Comments for Hudson City Savings Bank
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