Amboy Bank

3590 Nj Highway 9 South
Old Bridge, NJ 08857

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 6423
Date Established 1888
Assets $2.33 billion
Loans $1.73 billion
Deposits $1.95 billion
Capital $0.35 billion

Amboy Bank is an FDIC insured institution located in Old Bridge, NJ. It was founded in 1888 and has approximately $2.33 billion in assets. Customers can open an account at one of its 23 branches.

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

Bank Loan Profile?

The top three loan types in Amboy Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in New Jersey, Amboy Bank has a significantly higher percent of Multifamily Mortgages, Construction and Development 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 25.04
Multifamily
Mortgages
22.92
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.54
Construction and Development Loans 22.08
Commercial Real Estate 28.32
Commercial and Industrial Loans 3.47
Farm Loans 0.00

Deposit Rates - September 19, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.60% $10,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.30% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
2.68% $50 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.20% $1,500 $9,999 Learn MoreShow Less
MM 10K
0.30% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.50% $25,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.15% $3,001 - Learn MoreShow Less

Online Only Savings Rates of Amboy Direct

Online Savings Rates APY MIN MAX

Online Only CD Rates of Amboy Direct

Online CD Rates APY MIN MAX

Bank Online Offers

Loan Rates - September 19, 2018

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

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.

Branches

Amboy 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


Amboy Bank Locations

Financial Details

Amboy Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Amboy 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
Amboy Bank U.S. Bank Average
14.97% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Amboy Bank had $21,457,000 in non-current loans and $36,157,000 in owned real estate. To cover these potential losses it had $354,602,000 in equity and $30,268,000 in loans loss reserves. That gives it a Texas Ratio of 14.97%.

Return on Equity
Amboy Bank U.S. Bank Average
11.76% 9.35%

Amboy Bank has a Return on Equity of 11.76% versus the BestCashCow average of 9.35%. 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
Amboy Bank U.S. Bank Average
15.19% 12.01%

Amboy Bank has a Capitalization of 15.19% versus the BestCashCow average of 12.01. 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.

Amboy Bank Balance Sheet Analysis

As of March 31, 2018, Amboy Bank had assets of $2,333,794,000, loans of $1,729,748,000, and deposits of $1,950,001,000. 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

ASSETS
Cash & Balances due from depository institutions $0.17 billion
Interest-bearing balances $0.15 billion
Total securities $0.26 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.73 billion
Loan loss allowance $0.03 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.04 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.13 billion
     Total Assets $1.98 billion
LIABILITIES
Total deposits $1.95 billion
      Interest-bearing deposits $1.85 billion
      Deposits held in domestic offices $1.95 billion
      % insured (estimated) 82.77%
Federal funds purchased and repurchase agreements $0.02 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $1.98 billion
      Shareholders’ Equity $0.35 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Amboy Bank

Branches and Savings

Is Amboy Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6423.

Why does Amboy Bank pay such low interest on savings accounts?

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

Why are Amboy Bank CD rates not competitive?

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

Is Amboy Bank a commercial bank?

Yes

Where are Amboy Bank locations?

See branch locations nearby.

Is Amboy Bank open on Saturdays?

Is Amboy Bank open on Sundays?

What time does Amboy Bank open?

What time does Amboy Bank close?

Are Amboy Bank ATMs Open 24/7?

Do Amboy Bank ATMs accept cash deposits?

Can Amboy Bank customers use other ATMs?

Do Amboy Bank branches have notaries?

Will Amboy Bank notarize my document?

What address for Amboy Bank should I put for incoming ACH transfers?

Will the Amboy Bank branch print checks?

Do Amboy Bank checks expire?

Does Amboy Bank require US citizenship to open account?

Can Amboy Bank close my account?

Does Amboy Bank Report to credit bureaus?

Does Amboy Bank Use Equifax?

What is Amboy Bank's ACH Routing Number?

What is Amboy Bank's SWIFT code?

Products

Does Amboy Bank offer mortgages?

Compare mortgage rates here.

Does Amboy Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Amboy Bank offer personal loans?

Compare personal loan rates here.

Does Amboy Bank offer student loans?

Will Amboy Bank cash a check?

Will Amboy Bank redeem a savings bond?

Does Amboy Bank cash savings bonds?

Will Amboy Bank cash money orders?

Can Amboy Bank issue a money order?

Does Amboy Bank do currency exchange?

Background on The Bank

Who owns Amboy Bank?

How long has Amboy Bank been around?

Can Amboy Bank transfer to other banks?

Does Amboy Bank have quick pay?

Does Amboy Bank accept rolled coins?

Will Amboy Bank accept loose change?

Where is Amboy Bank headquarters?

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