Kearny Bank


614 Kearny Ave
Kearny, NJ 07032
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Notable Rates APY Vs.Others
Savings 0.10% 0.66% →
1-Year CD 0.25% 0.67% →
2-Year CD 0.30% 0.75% →
5-Year CD 0.30% 1.15% →
30-Year Mortgage 4.10% 2.72% →
15-Year Mortgage 3.80% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Kearny Bank is an FDIC insured institution located in Kearny, NJ. It was founded in 1884 and has approximately $7.32 billion in assets. Customers can open an account at one of its 43 branches.

FDIC Insured Yes
FDIC Certificate # 28765
Date Established 1884
Assets $ 7.32 billion
Loans $ 4.78 billion
Deposits $ 5.36 billion
Capital $ 1,012.82 million

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

Deposit Rates - April 16, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 - Learn More
Premium Money Market Account
0.45% $25,000 - Learn More
6 Mo CD
0.15% $500 - Learn More
12 Mo CD
0.25% $500 - Learn More
24 Mo CD
0.30% $500 - Learn More
36 Mo CD
0.30% $500 - Learn More
48 Mo CD
0.30% $500 - Learn More
60 Mo CD
0.30% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.25% $2,500 - Learn MoreShow Less
Checking Rates APY MIN FEE
High Yield Checking 1.00% $0 $0.00 Learn MoreShow Less
RELATIONSHIP CHECKING 0.05% $0 $0.00 Learn MoreShow Less

Loan Rates - April 16, 2021

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
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.


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Financial Details

Kearny Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Kearny 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
Kearny Bank U.S. Bank Average
6.66% 5.49%

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, 2020, Kearny Bank had $71,472,000 in non-current loans and $178,000 in owned real estate. To cover these potential losses it had $1,012,820,000 in equity and $63,386,000 in loans loss reserves. That gives it a Texas Ratio of 6.66%.

Return on Equity
Kearny Bank U.S. Bank Average
5.12% 9.24%

Kearny Bank has a Return on Equity of 5.12% versus the BestCashCow average of 9.24%. 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.

Kearny Bank U.S. Bank Average
13.84% 11.96%

Kearny Bank has a Capitalization of 13.84% versus the BestCashCow average of 11.96. 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.

Kearny Bank Balance Sheet Analysis

As of December 31, 2020, Kearny Bank had assets of $7,316,961,000, loans of $4,777,849,000, and deposits of $5,360,312,000. 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, 2020
Cash & Balances due from depository institutions $ 127.64 million
Interest-bearing balances $ 93.43 million
Total securities $ 1,710.44 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 4.78 billion
Loan loss allowance $ 63.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.18 million
Goodwill and other intangibles $ 215.26 million
All other assets $ 405.77 million
     Total Assets $ 6.30 billion
Total deposits $ 5.36 billion
      Interest-bearing deposits $ 4.82 billion
      Deposits held in domestic offices $ 5.36 billion
      % insured (estimated) 77.90%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 896.47 million
Subordinated debt N.A.
All other liabilities $ 47.36 million
      Total Liabilities $ 6.30 billion
      Shareholders’ Equity $ 1,012.82 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 238.91 million
Total Interest Expense $ 69.74 million
Net interest income $ 169.17 million
Provision for loan and lease losses $ 9.14 million
Total non interest income $ 19.70 million
Total non interest expense $ 117.55 million
Pre-tax Net Operating Income $ 62.19 million

Bank Loan Profile?

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

Compared to other banks in New Jersey, Kearny Bank has a significantly higher percent of Multifamily Mortgages 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 28.59
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.45
Construction and Development Loans 1.86
Commercial Real Estate 23.26
Commercial and Industrial Loans 4.19
Farm Loans 0.00

Frequently Asked Questions About Kearny Bank

Branches and Savings

Is Kearny Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28765.

Why does Kearny Bank pay such low interest on savings accounts?

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

Why are Kearny Bank CD rates not competitive?

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

Is Kearny Bank a commercial bank?


Where are Kearny Bank locations?

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Does Kearny Bank require US citizenship to open account?

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Does Kearny Bank offer mortgages?

Compare mortgage rates here.

Does Kearny Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Kearny Bank offer personal loans?

Compare personal loan rates here.

Does Kearny Bank offer student loans?

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Background on The Bank

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