Cross River Bank

885 Teaneck Road
Teaneck, NJ 07666

Notable Rates APY Vs.Others
Savings 1.82% 2.20% →
1-Year CD N.A. 2.20% →
2-Year CD N.A. 2.20% →
5-Year CD N.A. 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Cross River Bank is an FDIC insured institution located in Teaneck, NJ. It was founded in 2008 and has approximately $2 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58410
Date Established 2008
Assets $2.00 billion
Loans $1.63 billion
Deposits $1.50 billion
Capital $0.24 billion

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 - February 27, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Learn more about these great rates:

Loan Rates - February 27, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
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Quicken Loans NMLS #3030
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
Rocket Mortgage
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More
NMLS ID: 2890
License#: 13256
3.156% 3.125% 0.38 $978 $1,071 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
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Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
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Note to Cross River Bank
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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.

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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 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
0.82% 6.70%

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 September 30, 2019, Cross River Bank had $2,231,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $235,065,000 in equity and $35,980,000 in loans loss reserves. That gives it a Texas Ratio of 0.82%.

Return on Equity
Cross River Bank U.S. Bank Average
17.45% 9.72%

Cross River Bank has a Return on Equity of 17.45% versus the BestCashCow average of 9.72%. 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.

Cross River Bank U.S. Bank Average
11.75% 12.89%

Cross River Bank has a Capitalization of 11.75% versus the BestCashCow average of 12.89. 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 September 30, 2019, Cross River Bank had assets of $2,000,007,000, loans of $1,627,319,000, and deposits of $1,504,025,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.24 billion
Interest-bearing balances $0.23 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.63 billion
Loan loss allowance $0.04 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 $0.00 billion
All other assets $0.10 billion
     Total Assets $1.76 billion
Total deposits $1.50 billion
      Interest-bearing deposits $0.99 billion
      Deposits held in domestic offices $1.50 billion
      % insured (estimated) 56.86%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.23 billion
Subordinated debt $0.00 billion
All other liabilities $0.03 billion
      Total Liabilities $1.76 billion
      Shareholders’ Equity $0.24 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.11 billion
Total Interest Expense $0.02 billion
Net interest income $0.09 billion
Provision for loan and lease losses $0.03 billion
Total non interest income $0.03 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.04 billion

Bank Loan Profile?

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

Compared to other banks, Cross River Bank’s loan portfolio does not show any specific loan specialty.

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 5.42
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 5.13
Construction and Development Loans 2.35
Commercial Real Estate 12.74
Commercial and Industrial Loans 3.82
Farm Loans 0.00

Frequently Asked Questions About Cross River Bank

Branches and Savings

Is Cross River Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58410.

Why does Cross River Bank pay such low interest on savings accounts?

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

Why are Cross River Bank CD rates not competitive?

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

Is Cross River Bank a commercial bank?


Where are Cross River Bank locations?

See branch locations nearby.

Is Cross River Bank open on Saturdays?

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Are Cross River Bank ATMs Open 24/7?

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Do Cross River Bank checks expire?

Does Cross River Bank require US citizenship to open account?

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Does Cross River Bank offer mortgages?

Compare mortgage rates here.

Does Cross River Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cross River Bank offer personal loans?

Compare personal loan rates here.

Does Cross River Bank offer student loans?

Will Cross River Bank cash a check?

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Can Cross River Bank issue a money order?

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Background on The Bank

Who owns Cross River Bank?

How long has Cross River Bank been around?

Can Cross River Bank transfer to other banks?

Does Cross River Bank have quick pay?

Does Cross River Bank accept rolled coins?

Will Cross River Bank accept loose change?

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Customer Reviews for Cross River Bank

  • August 16, 2019 |

    CDs 24 Month Rates

    beware, the rates are not correct as listed on this web site

  • July 28, 2019 |

    Through Cross River Bank's highly capable bank executive Juliana Mitchell, I was able to set up a 3-year CD very quickly at one of the highest prevailing rates in the country. Thank you, Cross River Bank.

  • July 26, 2017

    I have had saving here previously, some cds and some money markets the cds fine, the money markets can change at will, but since the rate is high i will put some $ here soon. By the way , I don't need to cross a river to get there, only a few streams.

  • July 06, 2017 |

    I was having problems opening the account so I called and the lady was fascinated by the fact that I live in San Diego. That tells me that this isn't a national gig. I'll cross a different river.

  • August 11, 2016


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