Haven Savings Bank

Headquarters

621 Washington Street
Hoboken, NJ 07030
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.05% →
1-Year CD 0.60% 0.95% →
2-Year CD 0.70% 1.05% →
5-Year CD 0.90% 1.30% →
30-Year Mortgage 4.81% 2.80% →
15-Year Mortgage 3.07% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Haven Savings Bank is an FDIC insured institution located in Hoboken, NJ. It was founded in 1938 and has approximately $1 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 30039
Date Established 1938
Assets $ 1,004.48 million
Loans $ 807.55 million
Deposits $ 784.55 million
Capital $ 107.77 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
30 Mo CD
0.70% $10,000 $14,999 Learn More
30 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Haven 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:
Fairfield,Connecticut


Haven Savings Bank Locations


Financial Details

Haven Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Haven 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
Haven Savings Bank U.S. Bank Average
5.01% 6.94%

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, 2020, Haven Savings Bank had $4,850,000 in non-current loans and $772,000 in owned real estate. To cover these potential losses it had $107,767,000 in equity and $4,491,000 in loans loss reserves. That gives it a Texas Ratio of 5.01%.

Return on Equity
Haven Savings Bank U.S. Bank Average
-0.61% 7.80%

Haven Savings Bank has a Return on Equity of -0.61% versus the BestCashCow average of 7.80%. 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
Haven Savings Bank U.S. Bank Average
10.73% 12.68%

Haven Savings Bank has a Capitalization of 10.73% versus the BestCashCow average of 12.68. 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.

Haven Savings Bank Balance Sheet Analysis

As of March 31, 2020, Haven Savings Bank had assets of $1,004,484,000, loans of $807,553,000, and deposits of $784,553,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 36.33 million
Interest-bearing balances $ 33.69 million
Total securities $ 101.19 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 807.55 million
Loan loss allowance $ 4.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.77 million
Goodwill and other intangibles $ 6.11 million
All other assets $ 44.91 million
     Total Assets $ 896.72 million
LIABILITIES
Total deposits $ 784.55 million
      Interest-bearing deposits $ 715.05 million
      Deposits held in domestic offices $ 784.55 million
      % insured (estimated) 85.88%
Federal funds purchased and repurchase agreements $ 0.80 million
Trading liabilities N.A.
Other borrowed funds $ 100.00 million
Subordinated debt N.A.
All other liabilities $ 11.37 million
      Total Liabilities $ 896.72 million
      Shareholders’ Equity $ 107.77 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 8.90 million
Total Interest Expense $ 3.71 million
Net interest income $ 5.20 million
Provision for loan and lease losses $ 0.04 million
Total non interest income N.A.
Total non interest expense $ 5.00 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in New Jersey, Haven 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 71.77
Multifamily
Mortgages
11.76
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 1.39
Commercial Real Estate 15.19
Commercial and Industrial Loans 0.44
Farm Loans 0.00

Frequently Asked Questions About Haven Savings Bank

Branches and Savings

Is Haven Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30039.

Why does Haven 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 Haven Savings Bank CD rates not competitive?

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

Is Haven Savings Bank a commercial bank?

Yes

Where are Haven Savings Bank locations?

See branch locations nearby.

Is Haven Savings Bank open on Saturdays?

Is Haven Savings Bank open on Sundays?

What time does Haven Savings Bank open?

What time does Haven Savings Bank close?

Are Haven Savings Bank ATMs Open 24/7?

Do Haven Savings Bank ATMs accept cash deposits?

Can Haven Savings Bank customers use other ATMs?

Do Haven Savings Bank branches have notaries?

Will Haven Savings Bank notarize my document?

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

Will the Haven Savings Bank branch print checks?

Do Haven Savings Bank checks expire?

Does Haven Savings Bank require US citizenship to open account?

Can Haven Savings Bank close my account?

Does Haven Savings Bank Report to credit bureaus?

Does Haven Savings Bank Use Equifax?

What is Haven Savings Bank's ACH Routing Number?

What is Haven Savings Bank's SWIFT code?

Products

Does Haven Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Haven Savings Bank offer personal loans?

Compare personal loan rates here.

Does Haven Savings Bank offer student loans?

Will Haven Savings Bank cash a check?

Will Haven Savings Bank redeem a savings bond?

Does Haven Savings Bank cash savings bonds?

Will Haven Savings Bank cash money orders?

Can Haven Savings Bank issue a money order?

Does Haven Savings Bank do currency exchange?

Background on The Bank

Who owns Haven Savings Bank?

How long has Haven Savings Bank been around?

Can Haven Savings Bank transfer to other banks?

Does Haven Savings Bank have quick pay?

Does Haven Savings Bank accept rolled coins?

Will Haven Savings Bank accept loose change?

Where is Haven Savings Bank headquarters?

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