Cross River Bank


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

Notable Rates APY Vs.Others
Savings 0.51% 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
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 $13.48 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58410
Date Established 2008
Assets $ 13.48 billion
Loans $ 12.39 billion
Deposits $ 4.73 billion
Capital $ 444.36 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 - July 31, 2021

Your Current Location: Connecticut, CT 06828

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 - July 31, 2021

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 2021

Lender APR Rate (%) Monthly
Learn More
CIT Bank
NMLS ID: 541760
2.812% 2.750%
0.75 points
$2,015 fees
$1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.349% 3.250%
0.75 points
$3,125 fees
$1,089 Learn More
Morty, Inc.
NMLS ID: 1429243
2.464% 2.375%
0.75 points
$2,972 fees
$972 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info
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

Note to Cross River Bank
To upload and update your bank's rates please register. It is free to register and add rates.


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:

Cross River Bank Locations

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
4.09% 5.29%

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 March 31, 2021, Cross River Bank had $19,333,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $444,356,000 in equity and $27,971,000 in loans loss reserves. That gives it a Texas Ratio of 4.09%.

Return on Equity
Cross River Bank U.S. Bank Average
61.13% 11.43%

Cross River Bank has a Return on Equity of 61.13% versus the BestCashCow average of 11.43%. 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
3.3% 11.51%

Cross River Bank has a Capitalization of 3.3% versus the BestCashCow average of 11.51. 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 March 31, 2021, Cross River Bank had assets of $13,483,018,000, loans of $12,391,856,000, and deposits of $4,729,831,000. 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

March 31, 2021
Cash & Balances due from depository institutions $ 484.93 million
Interest-bearing balances $ 484.07 million
Total securities $ 50.72 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 12.39 billion
Loan loss allowance $ 27.97 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.84 million
All other assets $ 527.78 million
     Total Assets $ 13.04 billion
Total deposits $ 4.73 billion
      Interest-bearing deposits $ 3.98 billion
      Deposits held in domestic offices $ 4.73 billion
      % insured (estimated) 61.56%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 7.88 billion
Subordinated debt N.A.
All other liabilities $ 431.17 million
      Total Liabilities $ 13.04 billion
      Shareholders’ Equity $ 444.36 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 111.79 million
Total Interest Expense $ 18.16 million
Net interest income $ 93.63 million
Provision for loan and lease losses N.A.
Total non interest income $ 17.40 million
Total non interest expense $ 43.45 million
Pre-tax Net Operating Income $ 83.47 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.55
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.51
Construction and Development Loans 0.49
Commercial Real Estate 2.30
Commercial and Industrial Loans 86.50
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?

Is Cross River Bank open on Sundays?

What time does Cross River Bank open?

What time does Cross River Bank close?

Are Cross River Bank ATMs Open 24/7?

Do Cross River Bank ATMs accept cash deposits?

Can Cross River Bank customers use other ATMs?

Do Cross River Bank branches have notaries?

Will Cross River Bank notarize my document?

What address for Cross River Bank should I put for incoming ACH transfers?

Will the Cross River Bank branch print checks?

Do Cross River Bank checks expire?

Does Cross River Bank require US citizenship to open account?

Can Cross River Bank close my account?

Does Cross River Bank Report to credit bureaus?

Does Cross River Bank Use Equifax?

What is Cross River Bank's ACH Routing Number?

What is Cross River Bank's SWIFT code?


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?

Will Cross River Bank redeem a savings bond?

Does Cross River Bank cash savings bonds?

Will Cross River Bank cash money orders?

Can Cross River Bank issue a money order?

Does Cross River Bank do currency exchange?

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?

Where is Cross River Bank headquarters?

Customer Reviews for Cross River Bank

  • 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.

  • April 25, 2021 |

    Online Savings Rates

    I had a great CD rate that I found on this site last year, but the CD just matured and i couldn't convert it to a savings account at this rate. Was forced to close account and transfer balance back to external account.

  • April 27, 2020 |

    I just deposited into their 1 yr. CD 2.28 (which is correct as of 4.27.20) and had relatively minor issues with the application. If you provide your callback no. a person will get back to you and explain then send you on your way. I had relatively few problems though a solid deposit. Now the issue is their strength going forward in a tough economic future. Always check rates with home site before applying with any bank. So far so good with Brix

Add Your Review

Rate it here →