ConnectOne Bank

301 Sylvan Avenue
Englewood Cliffs, NJ 07632

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57919
Date Established 2005
Assets $5.27 billion
Loans $4.33 billion
Deposits $3.92 billion
Capital $0.66 billion

ConnectOne Bank is an FDIC insured institution located in Englewood Cliffs, NJ. It was founded in 2005 and has approximately $5.27 billion in assets. Customers can open an account at one of its 23 branches.

For a more detailed analysis of ConnectOne 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 ConnectOne Bank’s loan portfolio are Multifamily Mortgages, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in New Jersey, ConnectOne 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 10.20
Multifamily
Mortgages
34.21
Credit Card Loans 0.02
Consumer Auto Loans 0.00
Small Business Loans 3.00
Construction and Development Loans 14.88
Commercial Real Estate 26.02
Commercial and Industrial Loans 12.12
Farm Loans 0.00

Deposit Rates - November 20, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $2,500 - Learn MoreShow Less
Premium Money Market Account
1.15% $2,500 $749,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.41% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1,000 - Learn MoreShow Less

Loan Rates - November 20, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for ConnectOne 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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.500% 5.500% 0.00 $0 $1,420 Learn More
Ally Bank
NMLS ID: 181005
4.926% 4.875% 0.25 $1,554 $1,324 Learn More
Rocket Mortgage
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.49% $284 Learn More
Third Federal Savings and Loans 4.24% $246 Learn More

Note to ConnectOne Bank
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Branches

ConnectOne 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


ConnectOne Bank Locations

Financial Details

ConnectOne Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of ConnectOne 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
ConnectOne Bank U.S. Bank Average
7.41% 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 June 30, 2018, ConnectOne Bank had $50,152,000 in non-current loans and $1,076,000 in owned real estate. To cover these potential losses it had $657,973,000 in equity and $33,594,000 in loans loss reserves. That gives it a Texas Ratio of 7.41%.

Return on Equity
ConnectOne Bank U.S. Bank Average
7.64% 9.77%

ConnectOne Bank has a Return on Equity of 7.64% versus the BestCashCow average of 9.77%. 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
ConnectOne Bank U.S. Bank Average
12.47% 12.31%

ConnectOne Bank has a Capitalization of 12.47% versus the BestCashCow average of 12.31. 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.

ConnectOne Bank Balance Sheet Analysis

As of June 30, 2018, ConnectOne Bank had assets of $5,274,739,000, loans of $4,327,260,000, and deposits of $3,924,549,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.18 billion
Interest-bearing balances $0.12 billion
Total securities $0.41 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $4.33 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 $0.00 billion
Goodwill and other intangibles $0.15 billion
All other assets $0.19 billion
     Total Assets $4.62 billion
LIABILITIES
Total deposits $3.92 billion
      Interest-bearing deposits $3.14 billion
      Deposits held in domestic offices $3.92 billion
      % insured (estimated) 58.70%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.63 billion
Subordinated debt $0.03 billion
All other liabilities $0.03 billion
      Total Liabilities $4.62 billion
      Shareholders’ Equity $0.66 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.10 billion
Total Interest Expense $0.02 billion
Net interest income $0.08 billion
Provision for loan and lease losses $0.02 billion
Total non interest income $0.00 billion
Total non interest expense $0.03 billion
Pre-tax Net Operating Income $0.03 billion

Frequently Asked Questions About Connectone Bank

Branches and Savings

Is Connectone Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57919.

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

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

Why are Connectone Bank CD rates not competitive?

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

Is Connectone Bank a commercial bank?

Yes

Where are Connectone Bank locations?

See branch locations nearby.

Is Connectone Bank open on Saturdays?

Is Connectone Bank open on Sundays?

What time does Connectone Bank open?

What time does Connectone Bank close?

Are Connectone Bank ATMs Open 24/7?

Do Connectone Bank ATMs accept cash deposits?

Can Connectone Bank customers use other ATMs?

Do Connectone Bank branches have notaries?

Will Connectone Bank notarize my document?

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

Will the Connectone Bank branch print checks?

Do Connectone Bank checks expire?

Does Connectone Bank require US citizenship to open account?

Can Connectone Bank close my account?

Does Connectone Bank Report to credit bureaus?

Does Connectone Bank Use Equifax?

What is Connectone Bank's ACH Routing Number?

What is Connectone Bank's SWIFT code?

Products

Does Connectone Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Connectone Bank offer personal loans?

Compare personal loan rates here.

Does Connectone Bank offer student loans?

Will Connectone Bank cash a check?

Will Connectone Bank redeem a savings bond?

Does Connectone Bank cash savings bonds?

Will Connectone Bank cash money orders?

Can Connectone Bank issue a money order?

Does Connectone Bank do currency exchange?

Background on The Bank

Who owns Connectone Bank?

How long has Connectone Bank been around?

Can Connectone Bank transfer to other banks?

Does Connectone Bank have quick pay?

Does Connectone Bank accept rolled coins?

Will Connectone Bank accept loose change?

Where is Connectone Bank headquarters?

Customer Reviews for ConnectOne Bank


  • Serenity

    September 28, 2017 |

    CDs 18 Month Rates

    Back in July 2017 I opened an 18 Month Cd and the
    personal experience I had
    with the bank and the woman who opened the account with me was the best I ever had with a bank.
    There were some issues that had to be resolved and were resolved promptly and very professionally. If I could give them 10 Stars I certainly would. Great CD Rates! Special Professional Service!

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