Haddon Savings Bank

Headquarters

201 White Horse Pike
Haddon Heights, NJ 08035
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.45% 1.40% →
1-Year CD 0.80% 1.15% →
2-Year CD 1.00% 1.26% →
5-Year CD 1.25% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Haddon Savings Bank is an FDIC insured institution located in Haddon Heights, NJ. It was founded in 1905 and has approximately $0.33 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 28222
Date Established 1905
Assets $ 326.87 million
Loans $ 131.76 million
Deposits $ 269.71 million
Capital $ 33.32 million
 

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

Deposit Rates - July 7, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.45% $1,000 $4,999 Learn More
Money Market
0.45% $1,000 $4,999 Learn More
Money Market
0.60% $10,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.65% $500 - Learn More
6 Mo CD
0.70% $500 - Learn More
12 Mo CD
0.80% $500 - Learn More
18 Mo CD
0.85% $500 - Learn More
24 Mo CD
1.00% $500 - Learn More
30 Mo CD
1.05% $500 - Learn More
36 Mo CD
1.15% $500 - Learn More
48 Mo CD
1.20% $500 - Learn More
60 Mo CD
1.25% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.40% $50 - Learn MoreShow Less

Loan Rates - July 7, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Haddon Savings 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Haddon Savings Bank
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Branches

Haddon Savings 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


Haddon Savings Bank Locations


Financial Details

Haddon Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Haddon Savings 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
Haddon Savings Bank U.S. Bank Average
1.92% 6.51%

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 December 31, 2019, Haddon Savings Bank had $651,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $33,319,000 in equity and $631,000 in loans loss reserves. That gives it a Texas Ratio of 1.92%.

Return on Equity
Haddon Savings Bank U.S. Bank Average
2.55% 9.41%

Haddon Savings Bank has a Return on Equity of 2.55% versus the BestCashCow average of 9.41%. 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
Haddon Savings Bank U.S. Bank Average
10.19% 12.82%

Haddon Savings Bank has a Capitalization of 10.19% versus the BestCashCow average of 12.82. 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.

Haddon Savings Bank Balance Sheet Analysis

As of December 31, 2019, Haddon Savings Bank had assets of $326,873,000, loans of $131,756,000, and deposits of $269,707,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 4.08 million
Interest-bearing balances $ 2.75 million
Total securities $ 174.57 million
Federal funds sold and reverse repurchase $ 1.72 million
Net loans and leases $ 131.76 million
Loan loss allowance $ 0.63 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 13.47 million
     Total Assets $ 293.55 million
LIABILITIES
Total deposits $ 269.71 million
      Interest-bearing deposits $ 268.09 million
      Deposits held in domestic offices $ 269.71 million
      % insured (estimated) 96.11%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 21.76 million
Subordinated debt N.A.
All other liabilities $ 2.09 million
      Total Liabilities $ 293.55 million
      Shareholders’ Equity $ 33.32 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 10.41 million
Total Interest Expense $ 4.46 million
Net interest income $ 5.95 million
Provision for loan and lease losses $ 0.37 million
Total non interest income $ 0.34 million
Total non interest expense $ 5.07 million
Pre-tax Net Operating Income $ 0.84 million

Bank Loan Profile?

The top three loan types in Haddon Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in New Jersey, Haddon Savings Bank has a significantly higher percent of 1-4 Family Residential 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 73.22
Multifamily
Mortgages
0.74
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 4.31
Construction and Development Loans 0.26
Commercial Real Estate 14.58
Commercial and Industrial Loans 11.59
Farm Loans 0.00

Frequently Asked Questions About Haddon Savings Bank

Branches and Savings

Is Haddon Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28222.

Why does Haddon Savings Bank pay such low interest on savings accounts?

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

Why are Haddon Savings Bank CD rates not competitive?

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

Is Haddon Savings Bank a commercial bank?

Yes

Where are Haddon Savings Bank locations?

See branch locations nearby.

Is Haddon Savings Bank open on Saturdays?

Is Haddon Savings Bank open on Sundays?

What time does Haddon Savings Bank open?

What time does Haddon Savings Bank close?

Are Haddon Savings Bank ATMs Open 24/7?

Do Haddon Savings Bank ATMs accept cash deposits?

Can Haddon Savings Bank customers use other ATMs?

Do Haddon Savings Bank branches have notaries?

Will Haddon Savings Bank notarize my document?

What address for Haddon Savings Bank should I put for incoming ACH transfers?

Will the Haddon Savings Bank branch print checks?

Do Haddon Savings Bank checks expire?

Does Haddon Savings Bank require US citizenship to open account?

Can Haddon Savings Bank close my account?

Does Haddon Savings Bank Report to credit bureaus?

Does Haddon Savings Bank Use Equifax?

What is Haddon Savings Bank's ACH Routing Number?

What is Haddon Savings Bank's SWIFT code?

Products

Does Haddon Savings Bank offer mortgages?

Compare mortgage rates here.

Does Haddon Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Haddon Savings Bank offer personal loans?

Compare personal loan rates here.

Does Haddon Savings Bank offer student loans?

Will Haddon Savings Bank cash a check?

Will Haddon Savings Bank redeem a savings bond?

Does Haddon Savings Bank cash savings bonds?

Will Haddon Savings Bank cash money orders?

Can Haddon Savings Bank issue a money order?

Does Haddon Savings Bank do currency exchange?

Background on The Bank

Who owns Haddon Savings Bank?

How long has Haddon Savings Bank been around?

Can Haddon Savings Bank transfer to other banks?

Does Haddon Savings Bank have quick pay?

Does Haddon Savings Bank accept rolled coins?

Will Haddon Savings Bank accept loose change?

Where is Haddon Savings Bank headquarters?

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