1st Constitution Bank


2650 Route 130
Cranbury, NJ 08512
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Notable Rates APY Vs.Others
Savings 0.20% 0.65% →
1-Year CD 0.55% 0.70% →
2-Year CD 0.55% 0.75% →
5-Year CD 0.75% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

1st Constitution Bank is an FDIC insured institution located in Cranbury, NJ. It was founded in 1989 and has approximately $1.81 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 27552
Date Established 1989
Assets $ 1,805.68 million
Loans $ 1,293.62 million
Deposits $ 1,561.55 million
Capital $ 209.15 million

For a more detailed analysis of 1st Constitution Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 26, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.20% $2,500 - Learn More
Money Market
0.10% $2,500 $9,999 Learn More
Money Market
0.15% $10,000 $24,999 Learn More
Money Market
0.45% $25,000 - Learn More
6 Mo CD
0.30% $10,000 - Learn More
12 Mo CD
0.55% $10,000 - Learn More
18 Mo CD
0.55% $10,000 - Learn More
24 Mo CD
0.55% $10,000 - Learn More
36 Mo CD
0.65% $10,000 - Learn More
48 Mo CD
0.70% $10,000 - Learn More
60 Mo CD
0.75% $10,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 - Learn MoreShow Less

Loan Rates - July 26, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for 1st Constitution Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.540% 2.500%
0.50 points
$1,310 fees
$988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to 1st Constitution Bank
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Financial Details

1st Constitution Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 1st Constitution Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
1st Constitution Bank U.S. Bank Average
6.98% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, 1st Constitution Bank had $15,750,000 in non-current loans and $48,000 in owned real estate. To cover these potential losses it had $209,149,000 in equity and $17,044,000 in loans loss reserves. That gives it a Texas Ratio of 6.98%.

Return on Equity
1st Constitution Bank U.S. Bank Average
9.64% 11.43%

1st Constitution Bank has a Return on Equity of 9.64% versus the BestCashCow average of 11.43%. 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.

1st Constitution Bank U.S. Bank Average
11.58% 11.51%

1st Constitution Bank has a Capitalization of 11.58% versus the BestCashCow average of 11.51. 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.

1st Constitution Bank Balance Sheet Analysis

As of March 31, 2021, 1st Constitution Bank had assets of $1,805,675,000, loans of $1,293,623,000, and deposits of $1,561,551,000. 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.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions $ 165.85 million
Interest-bearing balances $ 158.44 million
Total securities $ 226.27 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,293.62 million
Loan loss allowance $ 17.04 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles $ 36.68 million
All other assets $ 52.87 million
     Total Assets $ 1,596.53 million
Total deposits $ 1,561.55 million
      Interest-bearing deposits $ 1,091.88 million
      Deposits held in domestic offices $ 1,561.55 million
      % insured (estimated) 76.51%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 16.99 million
Subordinated debt N.A.
All other liabilities $ 17.98 million
      Total Liabilities $ 1,596.53 million
      Shareholders’ Equity $ 209.15 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 16.96 million
Total Interest Expense $ 1.60 million
Net interest income $ 15.36 million
Provision for loan and lease losses $ 1.40 million
Total non interest income $ 4.00 million
Total non interest expense $ 11.03 million
Pre-tax Net Operating Income $ 6.94 million

Bank Loan Profile?

The top three loan types in 1st Constitution Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in New Jersey, 1st Constitution Bank has a significantly higher percent of Construction and Development Loans, Commercial and Industrial 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 12.38
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 0.00
Construction and Development Loans 10.71
Commercial Real Estate 39.31
Commercial and Industrial Loans 31.39
Farm Loans 0.00

Frequently Asked Questions About 1st Constitution Bank

Branches and Savings

Is 1st Constitution Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27552.

Why does 1st Constitution Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are 1st Constitution Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is 1st Constitution Bank a commercial bank?


Where are 1st Constitution Bank locations?

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Is 1st Constitution Bank open on Saturdays?

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Are 1st Constitution Bank ATMs Open 24/7?

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Will 1st Constitution Bank notarize my document?

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Do 1st Constitution Bank checks expire?

Does 1st Constitution Bank require US citizenship to open account?

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Does 1st Constitution Bank offer mortgages?

Compare mortgage rates here.

Does 1st Constitution Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does 1st Constitution Bank offer personal loans?

Compare personal loan rates here.

Does 1st Constitution Bank offer student loans?

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Background on The Bank

Who owns 1st Constitution Bank?

How long has 1st Constitution Bank been around?

Can 1st Constitution Bank transfer to other banks?

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Will 1st Constitution Bank accept loose change?

Where is 1st Constitution Bank headquarters?

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