Cross River Bank

Headquarters

885 Teaneck Road
Teaneck, NJ 07666
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.51% 0.85% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Cross River Bank is an FDIC insured institution located in Teaneck, NJ. It was founded in 2008 and has approximately $14.32 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58410
Date Established 2008
Assets $ 14.32 billion
Loans $ 13.43 billion
Deposits $ 3.48 billion
Capital $ 527.48 million
 

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

Deposit Rates - December 8, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
E-Connect Savings
0.51% $0 - Learn More


Online Only CD Rates of Brix Direct, a division of Cross River Bank

Online CD Rates APY MIN MAX
Online 1-year CD
0.20% $50,000 - Learn More
Online 2-Year CD
0.30% $50,000 - Learn More
Online 3-Year CD
0.35% $50,000 - Learn More

Bank Online Offers

 

Loan Rates - December 8, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Cross River 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
Payment
Learn More
CIT Bank
NMLS ID: 541760
3.045% 2.975%
0.88 points
$2,232 fees
$1,051 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

Note to Cross River Bank
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Branches

Cross River 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


Cross River Bank Locations



Climate Initiatives

Cross River Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Cross River Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cross River 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
Cross River Bank U.S. Bank Average
1.66% 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, Cross River Bank had $9,315,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $527,475,000 in equity and $33,135,000 in loans loss reserves. That gives it a Texas Ratio of 1.66%.

Return on Equity
Cross River Bank U.S. Bank Average
64.05% 11.29%

Cross River Bank has a Return on Equity of 64.05% 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.

Capitalization
Cross River Bank U.S. Bank Average
3.68% 11.72%

Cross River Bank has a Capitalization of 3.68% 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.

Cross River Bank Balance Sheet Analysis

As of June 30, 2021, Cross River Bank had assets of $14,323,105,000, loans of $13,431,305,000, and deposits of $3,477,359,000. 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
ASSETS
Cash & Balances due from depository institutions $ 359.04 million
Interest-bearing balances $ 355.91 million
Total securities $ 70.99 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 13.43 billion
Loan loss allowance $ 33.14 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.92 million
All other assets $ 430.40 million
     Total Assets $ 13.80 billion
LIABILITIES
Total deposits $ 3.48 billion
      Interest-bearing deposits $ 2.62 billion
      Deposits held in domestic offices $ 3.48 billion
      % insured (estimated) 54.86%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.14 billion
Subordinated debt N.A.
All other liabilities $ 176.19 million
      Total Liabilities $ 13.80 billion
      Shareholders’ Equity $ 527.48 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 275.14 million
Total Interest Expense $ 33.41 million
Net interest income $ 241.73 million
Provision for loan and lease losses N.A.
Total non interest income $ 45.93 million
Total non interest expense $ 97.83 million
Pre-tax Net Operating Income $ 193.97 million

Bank Loan Profile?

The top three loan types in Cross River Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in New Jersey, Cross River Bank has a significantly higher percent of 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 0.33
Multifamily
Mortgages
1.40
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.37
Construction and Development Loans 0.48
Commercial Real Estate 2.34
Commercial and Industrial Loans 87.20
Farm Loans 0.00

Customer Reviews for Cross River Bank


  • November 19, 2021 |

    Online Savings Rates

    Just terrible and should not be listed here.

  • September 19, 2021 |

    Online Savings Rates

    No problems at first and then I needed to reach customer service with an easy question about ACH transfers and they could not answer it. I will go back to making a little less at a more established name.

  • July 7, 2021 |

    Online Savings Rates

    This is s a crap organization run by kids that abused PPP, and are now about to boil themselves on crypto. You should not give them your money at 51 basis points!

  • June 29, 2021 |

    Online Savings Rates

    This is the most disorganized bank I have seen. I have no reason to be believe that it isn't an honest bank, but I need to avoid it in order to maintain sanity. Service on your account is by phone only.

  • June 21, 2021 |

    Online Savings Rates

    Good luck getting any customer service by email or phone. Easiest thing for me when my CD came due was to have them transfer my money back to me.

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