Northfield Bank

Headquarters

1731 Victory Blvd
Staten Island, NY 10314
See all branch locations →

Phone 833-301-NFBK

Northfield Bank
Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.25% 0.67% →
2-Year CD 0.50% 0.80% →
5-Year CD 0.75% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Northfield Bank is an FDIC insured institution located in Staten Island, NY. It was founded in 1887 and has approximately $5.43 billion in assets. Customers can open an account at one of its 39 branches.

FDIC Insured Yes
FDIC Certificate # 28710
Date Established 1887
Assets $ 5.43 billion
Loans $ 3.78 billion
Deposits $ 4.19 billion
Capital $ 675.88 million
 

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

Deposit Rates - November 29, 2021

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.25% $2,500 $3,499 Learn MoreShow Less

Online Only Savings Rates of Northfield Bank

Online Savings Rates APY MIN MAX
Platinum Online Savings Account
0.45% $0 $225,000 Learn More

Bank Online Offers

 

Loan Rates - November 29, 2021

Your Current Location: Washington, WA 98109

Home Equity 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

Northfield 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:
Seattle,Washington


Northfield Bank Locations



Climate Initiatives

Northfield Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Northfield Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northfield 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
Northfield Bank U.S. Bank Average
1.73% 4.78%

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 June 30, 2021, Northfield Bank had $12,253,000 in non-current loans and $100,000 in owned real estate. To cover these potential losses it had $675,875,000 in equity and $39,493,000 in loans loss reserves. That gives it a Texas Ratio of 1.73%.

Return on Equity
Northfield Bank U.S. Bank Average
11.34% 11.29%

Northfield Bank has a Return on Equity of 11.34% versus the BestCashCow average of 11.29%. 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
Northfield Bank U.S. Bank Average
12.46% 11.72%

Northfield Bank has a Capitalization of 12.46% versus the BestCashCow average of 11.72. 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.

Northfield Bank Balance Sheet Analysis

As of June 30, 2021, Northfield Bank had assets of $5,426,055,000, loans of $3,777,780,000, and deposits of $4,186,925,000. 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

June 30, 2021
ASSETS
Cash & Balances due from depository institutions $ 192.89 million
Interest-bearing balances $ 174.21 million
Total securities $ 1,104.06 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.78 billion
Loan loss allowance $ 39.49 million
Trading account assets $ 13.48 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.10 million
Goodwill and other intangibles $ 41.64 million
All other assets $ 234.27 million
     Total Assets $ 4.75 billion
LIABILITIES
Total deposits $ 4.19 billion
      Interest-bearing deposits $ 3.35 billion
      Deposits held in domestic offices $ 4.19 billion
      % insured (estimated) 64.12%
Federal funds purchased and repurchase agreements $ 50.00 million
Trading liabilities $ 0.79 million
Other borrowed funds $ 481.89 million
Subordinated debt N.A.
All other liabilities $ 30.58 million
      Total Liabilities $ 4.75 billion
      Shareholders’ Equity $ 675.88 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 88.30 million
Total Interest Expense $ 9.79 million
Net interest income $ 78.51 million
Provision for loan and lease losses N.A.
Total non interest income $ 6.95 million
Total non interest expense $ 39.01 million
Pre-tax Net Operating Income $ 52.52 million

Bank Loan Profile?

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

Compared to other banks in New York, Northfield 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 7.89
Multifamily
Mortgages
66.09
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 3.14
Construction and Development Loans 1.68
Commercial Real Estate 19.58
Commercial and Industrial Loans 5.75
Farm Loans 0.00

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*Should any logos, images or public notes appear on this page,they do so courtesy of Northfield Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.