NVE Bank

70-76 Engle Street
Englewood, NJ 07631

Notable Rates APY Vs.Others
Savings 0.10% 1.90% →
1-Year CD 0.50% 1.90% →
2-Year CD 0.65% 1.95% →
5-Year CD 1.00% 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

NVE Bank is an FDIC insured institution located in Englewood, NJ. It was founded in 1887 and has approximately $0.67 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 29875
Date Established 1887
Assets $0.67 billion
Loans $0.47 billion
Deposits $0.48 billion
Capital $0.11 billion
 

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

Deposit Rates - April 9, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.20% $1,000 - Learn MoreShow Less
6 Mo CD
0.38% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.07% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $2,499 Learn MoreShow Less
Int Ckg
0.08% $2,500 - Learn MoreShow Less

Loan Rates - April 9, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for NVE 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

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to NVE Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

NVE 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


NVE Bank Locations


Financial Details

NVE Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of NVE 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
NVE Bank U.S. Bank Average
4.09% 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, NVE Bank had $4,564,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $109,866,000 in equity and $1,770,000 in loans loss reserves. That gives it a Texas Ratio of 4.09%.

Return on Equity
NVE Bank U.S. Bank Average
4.57% 9.41%

NVE Bank has a Return on Equity of 4.57% 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
NVE Bank U.S. Bank Average
16.29% 12.82%

NVE Bank has a Capitalization of 16.29% 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.

NVE Bank Balance Sheet Analysis

As of December 31, 2019, NVE Bank had assets of $674,431,000, loans of $474,412,000, and deposits of $475,988,000. 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 $0.08 billion
Interest-bearing balances $0.08 billion
Total securities $0.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.47 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.03 billion
     Total Assets $0.56 billion
LIABILITIES
Total deposits $0.48 billion
      Interest-bearing deposits $0.36 billion
      Deposits held in domestic offices $0.48 billion
      % insured (estimated) 90.63%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.07 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.56 billion
      Shareholders’ Equity $0.11 billion

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Bank Loan Profile?

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

Compared to other banks, NVE Bank’s loan portfolio does not show any specific loan specialty.

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 55.68
Multifamily
Mortgages
11.22
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 7.83
Construction and Development Loans 1.09
Commercial Real Estate 32.09
Commercial and Industrial Loans 0.22
Farm Loans 0.00

Frequently Asked Questions About Nve Bank

Branches and Savings

Is Nve Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29875.

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

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

Why are Nve Bank CD rates not competitive?

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

Is Nve Bank a commercial bank?

Yes

Where are Nve Bank locations?

See branch locations nearby.

Is Nve Bank open on Saturdays?

Is Nve Bank open on Sundays?

What time does Nve Bank open?

What time does Nve Bank close?

Are Nve Bank ATMs Open 24/7?

Do Nve Bank ATMs accept cash deposits?

Can Nve Bank customers use other ATMs?

Do Nve Bank branches have notaries?

Will Nve Bank notarize my document?

What address for Nve Bank should I put for incoming ACH transfers?

Will the Nve Bank branch print checks?

Do Nve Bank checks expire?

Does Nve Bank require US citizenship to open account?

Can Nve Bank close my account?

Does Nve Bank Report to credit bureaus?

Does Nve Bank Use Equifax?

What is Nve Bank's ACH Routing Number?

What is Nve Bank's SWIFT code?

Products

Does Nve Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Nve Bank offer personal loans?

Compare personal loan rates here.

Does Nve Bank offer student loans?

Will Nve Bank cash a check?

Will Nve Bank redeem a savings bond?

Does Nve Bank cash savings bonds?

Will Nve Bank cash money orders?

Can Nve Bank issue a money order?

Does Nve Bank do currency exchange?

Background on The Bank

Who owns Nve Bank?

How long has Nve Bank been around?

Can Nve Bank transfer to other banks?

Does Nve Bank have quick pay?

Does Nve Bank accept rolled coins?

Will Nve Bank accept loose change?

Where is Nve Bank headquarters?

Customer Reviews for NVE Bank

There are currently no comments for NVE Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →