1st Constitution Bank

Headquarters

2650 Route 130
Cranbury, NJ 08512
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.95% →
1-Year CD 0.70% 1.01% →
2-Year CD 0.80% 0.95% →
5-Year CD 1.00% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

1st Constitution Bank is an FDIC insured institution located in Cranbury, NJ. It was founded in 1989 and has approximately $1.61 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 27552
Date Established 1989
Assets $ 1,610.31 million
Loans $ 1,219.56 million
Deposits $ 1,298.50 million
Capital $ 190.87 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 - October 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.45% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 28, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to 1st Constitution Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

1st Constitution Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


1st Constitution Bank Locations


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
6.8% 6.94%

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, 2020, 1st Constitution Bank had $13,198,000 in non-current loans and $470,000 in owned real estate. To cover these potential losses it had $190,874,000 in equity and $10,001,000 in loans loss reserves. That gives it a Texas Ratio of 6.8%.

Return on Equity
1st Constitution Bank U.S. Bank Average
7.47% 7.80%

1st Constitution Bank has a Return on Equity of 7.47% versus the BestCashCow average of 7.80%. 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.

Capitalization
1st Constitution Bank U.S. Bank Average
11.85% 12.68%

1st Constitution Bank has a Capitalization of 11.85% versus the BestCashCow average of 12.68. 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, 2020, 1st Constitution Bank had assets of $1,610,310,000, loans of $1,219,561,000, and deposits of $1,298,496,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 13.32 million
Interest-bearing balances $ 3.34 million
Total securities $ 252.11 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,219.56 million
Loan loss allowance $ 10.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.47 million
Goodwill and other intangibles $ 37.56 million
All other assets $ 54.78 million
     Total Assets $ 1,419.44 million
LIABILITIES
Total deposits $ 1,298.50 million
      Interest-bearing deposits $ 998.89 million
      Deposits held in domestic offices $ 1,298.50 million
      % insured (estimated) 82.13%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 112.38 million
Subordinated debt N.A.
All other liabilities $ 8.56 million
      Total Liabilities $ 1,419.44 million
      Shareholders’ Equity $ 190.87 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 16.39 million
Total Interest Expense $ 3.30 million
Net interest income $ 13.09 million
Provision for loan and lease losses $ 0.90 million
Total non interest income $ 2.38 million
Total non interest expense $ 9.72 million
Pre-tax Net Operating Income $ 4.85 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 15.11
Multifamily
Mortgages
5.26
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 0.00
Construction and Development Loans 11.81
Commercial Real Estate 42.03
Commercial and Industrial Loans 26.32
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?

Yes

Where are 1st Constitution Bank locations?

See branch locations nearby.

Is 1st Constitution Bank open on Saturdays?

Is 1st Constitution Bank open on Sundays?

What time does 1st Constitution Bank open?

What time does 1st Constitution Bank close?

Are 1st Constitution Bank ATMs Open 24/7?

Do 1st Constitution Bank ATMs accept cash deposits?

Can 1st Constitution Bank customers use other ATMs?

Do 1st Constitution Bank branches have notaries?

Will 1st Constitution Bank notarize my document?

What address for 1st Constitution Bank should I put for incoming ACH transfers?

Will the 1st Constitution Bank branch print checks?

Do 1st Constitution Bank checks expire?

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

Can 1st Constitution Bank close my account?

Does 1st Constitution Bank Report to credit bureaus?

Does 1st Constitution Bank Use Equifax?

What is 1st Constitution Bank's ACH Routing Number?

What is 1st Constitution Bank's SWIFT code?

Products

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?

Will 1st Constitution Bank cash a check?

Will 1st Constitution Bank redeem a savings bond?

Does 1st Constitution Bank cash savings bonds?

Will 1st Constitution Bank cash money orders?

Can 1st Constitution Bank issue a money order?

Does 1st Constitution Bank do currency exchange?

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?

Does 1st Constitution Bank have quick pay?

Does 1st Constitution Bank accept rolled coins?

Will 1st Constitution Bank accept loose change?

Where is 1st Constitution Bank headquarters?

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