Cross River Bank


885 Teaneck Rd
Teaneck, NJ 07666
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Notable Rates APY Vs.Others
Savings 2.60% 5.50% →
1-Year CD N.A. 5.50% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Cross River Bank is an FDIC insured institution located in Teaneck, NJ. It was founded in 2008 and has approximately $8.3 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58410
Date Established 2008
Assets $ 8.30 billion
Loans $ 6.32 billion
Deposits $ 6.38 billion
Capital $ 1,006.94 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 - March 1, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
E-Connect Savings
2.60% $0 - Learn More

Bank Online Offers


Loan Rates - March 1, 2024

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 2024

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NMLS ID: 3029

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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Cross River Bank
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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 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
76.21% 4.13%

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, 2023, Cross River Bank had $862,640,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,006,942,000 in equity and $124,986,000 in loans loss reserves. That gives it a Texas Ratio of 76.21%.

Return on Equity
Cross River Bank U.S. Bank Average
-3.53% 26.02%

Cross River Bank has a Return on Equity of -3.53% versus the BestCashCow average of 26.02%. 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
12.14% 10.23%

Cross River Bank has a Capitalization of 12.14% versus the BestCashCow average of 10.23. 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, 2023, Cross River Bank had assets of $8,295,910,000, loans of $6,319,761,000, and deposits of $6,379,954,000. 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, 2023
Cash & Balances due from depository institutions $ 952.20 million
Interest-bearing balances $ 796.68 million
Total securities $ 594.08 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.32 billion
Loan loss allowance $ 124.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 5.99 million
All other assets $ 585.34 million
     Total Assets $ 7.29 billion
Total deposits $ 6.38 billion
      Interest-bearing deposits $ 5.20 billion
      Deposits held in domestic offices $ 6.38 billion
      % insured (estimated) 81.71%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.94 billion
Subordinated debt N.A.
All other liabilities $ 175.55 million
      Total Liabilities $ 7.29 billion
      Shareholders’ Equity $ 1,006.94 million

Summary Income Statement

September 30, 2023
Total Interest Income $ 517.40 million
Total Interest Expense $ 167.05 million
Net interest income $ 350.35 million
Provision for loan and lease losses $ 80.67 million
Total non interest income N.A.
Total non interest expense $ 292.16 million
Pre-tax Net Operating Income $ 131.27 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 0.61
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.79
Construction and Development Loans 1.41
Commercial Real Estate 6.44
Commercial and Industrial Loans 57.58
Farm Loans 0.00

Customer Reviews for Cross River Bank

  • June 26, 2022 |

    ACH transfers are not allowed. Called and was told that I had to set up wire transfers (and pay fees) or I could come in to the bank and get a bank check.

  • January 15, 2022 |

    Online Savings Rates

    I've done some work with these guys.
    This is a New Jersey-based bitcoin ponzi scheme run by a bunch of 30-something Wall Street throw aways. If you must chase 51 bps, I suggest you do it somewhere else.

  • 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!

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