New Jersey Community Bank

Headquarters

3441 Highway 9
Freehold, NJ 07728
See all branch locations →

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

2020 Overview

General Bank Information

New Jersey Community Bank is an FDIC insured institution located in Freehold, NJ. It was founded in 2008 and has approximately $0.1 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 58664
Date Established 2008
Assets $ 103.12 million
Loans $ 76.42 million
Deposits $ 87.87 million
Capital $ 8.59 million
 

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

Deposit Rates - September 20, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 20, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for New Jersey Community 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
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to New Jersey Community Bank
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Branches

New Jersey Community 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


New Jersey Community Bank Locations


Financial Details

New Jersey Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of New Jersey Community 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
New Jersey Community Bank U.S. Bank Average
14.22% 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, New Jersey Community Bank had $1,431,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,588,000 in equity and $1,474,000 in loans loss reserves. That gives it a Texas Ratio of 14.22%.

Return on Equity
New Jersey Community Bank U.S. Bank Average
-12.62% 7.80%

New Jersey Community Bank has a Return on Equity of -12.62% 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
New Jersey Community Bank U.S. Bank Average
8.33% 12.68%

New Jersey Community Bank has a Capitalization of 8.33% 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.

New Jersey Community Bank Balance Sheet Analysis

As of March 31, 2018, New Jersey Community Bank had assets of $96,996,000, loans of $76,423,000, and deposits of $87,873,000. 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 $ 2.01 million
Interest-bearing balances $ 1.30 million
Total securities $ 11.18 million
Federal funds sold and reverse repurchase $ 1.00 million
Net loans and leases $ 76.42 million
Loan loss allowance $ 1.47 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 $ 4.64 million
     Total Assets $ 88.41 million
LIABILITIES
Total deposits $ 87.87 million
      Interest-bearing deposits $ 78.38 million
      Deposits held in domestic offices $ 87.87 million
      % insured (estimated) 85.55%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.54 million
      Total Liabilities $ 88.41 million
      Shareholders’ Equity $ 14.71 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.96 million
Total Interest Expense $ 0.24 million
Net interest income $ 0.72 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.05 million
Total non interest expense $ 1.05 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in New Jersey, New Jersey Community Bank has a significantly higher percent of Commercial Real Estate 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 26.96
Multifamily
Mortgages
5.85
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 2.50
Commercial Real Estate 64.67
Commercial and Industrial Loans 1.13
Farm Loans 0.00

Frequently Asked Questions About New Jersey Community Bank

Branches and Savings

Is New Jersey Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58664.

Why does New Jersey Community Bank pay such low interest on savings accounts?

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

Why are New Jersey Community Bank CD rates not competitive?

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

Is New Jersey Community Bank a commercial bank?

Yes

Where are New Jersey Community Bank locations?

See branch locations nearby.

Is New Jersey Community Bank open on Saturdays?

Is New Jersey Community Bank open on Sundays?

What time does New Jersey Community Bank open?

What time does New Jersey Community Bank close?

Are New Jersey Community Bank ATMs Open 24/7?

Do New Jersey Community Bank ATMs accept cash deposits?

Can New Jersey Community Bank customers use other ATMs?

Do New Jersey Community Bank branches have notaries?

Will New Jersey Community Bank notarize my document?

What address for New Jersey Community Bank should I put for incoming ACH transfers?

Will the New Jersey Community Bank branch print checks?

Do New Jersey Community Bank checks expire?

Does New Jersey Community Bank require US citizenship to open account?

Can New Jersey Community Bank close my account?

Does New Jersey Community Bank Report to credit bureaus?

Does New Jersey Community Bank Use Equifax?

What is New Jersey Community Bank's ACH Routing Number?

What is New Jersey Community Bank's SWIFT code?

Products

Does New Jersey Community Bank offer mortgages?

Compare mortgage rates here.

Does New Jersey Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does New Jersey Community Bank offer personal loans?

Compare personal loan rates here.

Does New Jersey Community Bank offer student loans?

Will New Jersey Community Bank cash a check?

Will New Jersey Community Bank redeem a savings bond?

Does New Jersey Community Bank cash savings bonds?

Will New Jersey Community Bank cash money orders?

Can New Jersey Community Bank issue a money order?

Does New Jersey Community Bank do currency exchange?

Background on The Bank

Who owns New Jersey Community Bank?

How long has New Jersey Community Bank been around?

Can New Jersey Community Bank transfer to other banks?

Does New Jersey Community Bank have quick pay?

Does New Jersey Community Bank accept rolled coins?

Will New Jersey Community Bank accept loose change?

Where is New Jersey Community Bank headquarters?

Customer Reviews for New Jersey Community Bank


  • May 08, 2019

    Could you please give me the stock prices for the end of each month in 2018?
    Thank you,

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