Amboy Bank


3590 Nj Highway 9 South
Old Bridge, NJ 08857
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Notable Rates APY Vs.Others
Savings 0.20% 0.85% →
1-Year CD 0.50% 0.75% →
2-Year CD 0.50% 0.80% →
5-Year CD 0.50% 1.10% →
30-Year Mortgage 4.75% 2.72% →
15-Year Mortgage 3.88% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Amboy Bank is an FDIC insured institution located in Old Bridge, NJ. It was founded in 1888 and has approximately $2.62 billion in assets. Customers can open an account at one of its 23 branches.

FDIC Insured Yes
FDIC Certificate # 6423
Date Established 1888
Assets $ 2.62 billion
Loans $ 1,612.32 million
Deposits $ 2.20 billion
Capital $ 372.83 million

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.

Deposit Rates - October 15, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.20% $300 $24,999 Learn More
Money Market
0.20% $1,500 $9,999 Learn More
Money Market
0.25% $10,000 $24,999 Learn More
Money Market
0.25% $25,000 $99,999 Learn More
6 Mo CD
0.25% $10,000 - Learn More
12 Mo CD
0.50% $10,000 - Learn More
24 Mo CD
0.50% $5,000 - Learn More
36 Mo CD
0.50% $5,000 - Learn More
48 Mo CD
0.50% $5,000 - Learn More
60 Mo CD
0.50% $5,000 - Learn More

Bank Online Offers


Loan Rates - October 15, 2021

Your Current Location: Connecticut, CT 06828

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.


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Climate Initiatives

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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 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
4.41% 4.78%

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 June 30, 2021, Amboy Bank had $9,299,000 in non-current loans and $8,511,000 in owned real estate. To cover these potential losses it had $372,834,000 in equity and $31,225,000 in loans loss reserves. That gives it a Texas Ratio of 4.41%.

Return on Equity
Amboy Bank U.S. Bank Average
15.66% 11.29%

Amboy Bank has a Return on Equity of 15.66% versus the BestCashCow average of 11.29%. 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.

Amboy Bank U.S. Bank Average
14.22% 11.72%

Amboy Bank has a Capitalization of 14.22% versus the BestCashCow average of 11.72. 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 June 30, 2021, Amboy Bank had assets of $2,621,174,000, loans of $1,612,318,000, and deposits of $2,203,724,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 527.43 million
Interest-bearing balances $ 511.20 million
Total securities $ 294.69 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,612.32 million
Loan loss allowance $ 31.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 8.51 million
Goodwill and other intangibles N.A.
All other assets $ 154.67 million
     Total Assets $ 2.25 billion
Total deposits $ 2.20 billion
      Interest-bearing deposits $ 2.04 billion
      Deposits held in domestic offices $ 2.20 billion
      % insured (estimated) 73.40%
Federal funds purchased and repurchase agreements $ 31.97 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 12.65 million
      Total Liabilities $ 2.25 billion
      Shareholders’ Equity $ 372.83 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 39.60 million
Total Interest Expense $ 2.90 million
Net interest income $ 36.70 million
Provision for loan and lease losses N.A.
Total non interest income $ 10.32 million
Total non interest expense $ 18.03 million
Pre-tax Net Operating Income $ 28.98 million

Bank Loan Profile?

The top three loan types in Amboy Bank’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and Construction and Development Loans.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.90
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.37
Construction and Development Loans 19.91
Commercial Real Estate 29.94
Commercial and Industrial Loans 6.38
Farm Loans 0.00

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?


Where are Amboy Bank locations?

See branch locations nearby.

Is Amboy Bank open on Saturdays?

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Are Amboy Bank ATMs Open 24/7?

Do Amboy Bank ATMs accept cash deposits?

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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?


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?

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Background on The Bank

Who owns Amboy Bank?

How long has Amboy Bank been around?

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Does Amboy Bank have quick pay?

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