Oritani Bank

Headquarters

370 Pascack Road
Township Of Washington, NJ 07676
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

Oritani Bank is an FDIC insured institution located in Township Of Washington, NJ. It was founded in 1911 and has approximately $3.99 billion in assets. Customers can open an account at one of its 27 branches.

FDIC Insured Yes
FDIC Certificate # 28866
Date Established 1911
Assets $ 4.07 billion
Loans $ 3.42 billion
Deposits $ 2.97 billion
Capital $ 496.08 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Oritani 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
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 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 Oritani Bank
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Branches

Oritani 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


Oritani Bank Locations


Financial Details

Oritani Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Oritani 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
Oritani Bank U.S. Bank Average
1.2% 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, Oritani Bank had $6,321,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $496,075,000 in equity and $28,608,000 in loans loss reserves. That gives it a Texas Ratio of 1.2%.

Return on Equity
Oritani Bank U.S. Bank Average
10.24% 7.80%

Oritani Bank has a Return on Equity of 10.24% 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
Oritani Bank U.S. Bank Average
12.19% 12.68%

Oritani Bank has a Capitalization of 12.19% 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.

Oritani Bank Balance Sheet Analysis

As of September 30, 2019, Oritani Bank had assets of $3,988,696,000, loans of $3,421,268,000, and deposits of $2,966,533,000. 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 $ 27.05 million
Interest-bearing balances $ 6.77 million
Total securities $ 352.45 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.42 billion
Loan loss allowance $ 28.61 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 $ 173.14 million
     Total Assets $ 3.49 billion
LIABILITIES
Total deposits $ 2.97 billion
      Interest-bearing deposits $ 2.79 billion
      Deposits held in domestic offices $ 2.97 billion
      % insured (estimated) 81.50%
Federal funds purchased and repurchase agreements $ 13.28 million
Trading liabilities N.A.
Other borrowed funds $ 444.84 million
Subordinated debt N.A.
All other liabilities $ 67.97 million
      Total Liabilities $ 3.49 billion
      Shareholders’ Equity $ 577.08 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 118.50 million
Total Interest Expense $ 44.23 million
Net interest income $ 74.27 million
Provision for loan and lease losses N.A.
Total non interest income $ 3.01 million
Total non interest expense $ 28.34 million
Pre-tax Net Operating Income $ 48.95 million

Bank Loan Profile?

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

Compared to other banks in New Jersey, Oritani 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 7.63
Multifamily
Mortgages
54.53
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.30
Construction and Development Loans 0.60
Commercial Real Estate 37.52
Commercial and Industrial Loans 0.55
Farm Loans 0.00

Frequently Asked Questions About Oritani Bank

Branches and Savings

Is Oritani Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28866.

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

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

Why are Oritani Bank CD rates not competitive?

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

Is Oritani Bank a commercial bank?

Yes

Where are Oritani Bank locations?

See branch locations nearby.

Is Oritani Bank open on Saturdays?

Is Oritani Bank open on Sundays?

What time does Oritani Bank open?

What time does Oritani Bank close?

Are Oritani Bank ATMs Open 24/7?

Do Oritani Bank ATMs accept cash deposits?

Can Oritani Bank customers use other ATMs?

Do Oritani Bank branches have notaries?

Will Oritani Bank notarize my document?

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

Will the Oritani Bank branch print checks?

Do Oritani Bank checks expire?

Does Oritani Bank require US citizenship to open account?

Can Oritani Bank close my account?

Does Oritani Bank Report to credit bureaus?

Does Oritani Bank Use Equifax?

What is Oritani Bank's ACH Routing Number?

What is Oritani Bank's SWIFT code?

Products

Does Oritani Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Oritani Bank offer personal loans?

Compare personal loan rates here.

Does Oritani Bank offer student loans?

Will Oritani Bank cash a check?

Will Oritani Bank redeem a savings bond?

Does Oritani Bank cash savings bonds?

Will Oritani Bank cash money orders?

Can Oritani Bank issue a money order?

Does Oritani Bank do currency exchange?

Background on The Bank

Who owns Oritani Bank?

How long has Oritani Bank been around?

Can Oritani Bank transfer to other banks?

Does Oritani Bank have quick pay?

Does Oritani Bank accept rolled coins?

Will Oritani Bank accept loose change?

Where is Oritani Bank headquarters?

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