Provident Bank

Washington And York Streets
Jersey City, NJ 07303

Notable Rates APY Vs.Others
Savings 0.05% 2.20% →
1-Year CD 1.00% 2.20% →
2-Year CD 1.25% 2.20% →
5-Year CD 1.55% 2.60% →
30-Year Mortgage 3.65% 3.31% →
15-Year Mortgage 3.13% 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Provident Bank is an FDIC insured institution located in Jersey City, NJ. It was founded in 1839 and has approximately $9.92 billion in assets. Customers can open an account at one of its 88 branches.

FDIC Insured Yes
FDIC Certificate # 12010
Date Established 1839
Assets $9.92 billion
Loans $7.21 billion
Deposits $7.01 billion
Capital $1.35 billion

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

Deposit Rates - February 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1,000 - Learn MoreShow Less
Premium Money Market Account
0.75% $15,000 - Learn MoreShow Less
3 Mo CD
0.15% $500 - Learn MoreShow Less
6 Mo CD
0.50% $500 - Learn MoreShow Less
12 Mo CD
1.00% $500 - Learn MoreShow Less
18 Mo CD
1.10% $500 - Learn MoreShow Less
24 Mo CD
1.25% $500 - Learn MoreShow Less
30 Mo CD
1.35% $500 - Learn MoreShow Less
36 Mo CD
1.40% $500 - Learn MoreShow Less
60 Mo CD
1.55% $500 - Learn MoreShow Less

Fixed IRA
1.00% $1,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
Provident Smart Checking 1.51% $0 $0.00 Learn MoreShow Less
Provident Platinum CheckingSM 0.00% $10,000 $25.00 Learn MoreShow Less
NJ Consumer Checking 0.00% $0 $3.00 Learn MoreShow Less

Loan Rates - February 22, 2020

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.


Provident Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Provident Bank Locations

Financial Details

Provident Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Provident 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
Provident Bank U.S. Bank Average
2.94% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2019, Provident Bank had $39,981,000 in non-current loans and $1,404,000 in owned real estate. To cover these potential losses it had $1,348,972,000 in equity and $57,344,000 in loans loss reserves. That gives it a Texas Ratio of 2.94%.

Return on Equity
Provident Bank U.S. Bank Average
8.58% 9.72%

Provident Bank has a Return on Equity of 8.58% versus the BestCashCow average of 9.72%. 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.

Provident Bank U.S. Bank Average
13.6% 12.89%

Provident Bank has a Capitalization of 13.6% versus the BestCashCow average of 12.89. 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.

Provident Bank Balance Sheet Analysis

As of September 30, 2019, Provident Bank had assets of $9,917,493,000, loans of $7,209,650,000, and deposits of $7,009,477,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.18 billion
Interest-bearing balances $0.01 billion
Total securities $1.51 billion
Federal funds sold and reverse repurchase $0.08 billion
Net loans and leases $7.21 billion
Loan loss allowance $0.06 billion
Trading account assets $0.05 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.44 billion
All other assets $0.34 billion
     Total Assets $8.57 billion
Total deposits $7.01 billion
      Interest-bearing deposits $5.28 billion
      Deposits held in domestic offices $7.01 billion
      % insured (estimated) 50.63%
Federal funds purchased and repurchase agreements $0.06 billion
Trading liabilities $0.05 billion
Other borrowed funds $1.40 billion
Subordinated debt $0.00 billion
All other liabilities $0.04 billion
      Total Liabilities $8.57 billion
      Shareholders’ Equity $1.35 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.28 billion
Total Interest Expense $0.06 billion
Net interest income $0.22 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.05 billion
Total non interest expense $0.15 billion
Pre-tax Net Operating Income $0.11 billion

Bank Loan Profile?

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

Compared to other banks, Provident 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.27
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 4.80
Construction and Development Loans 6.16
Commercial Real Estate 45.21
Commercial and Industrial Loans 9.85
Farm Loans 0.00

Frequently Asked Questions About Provident Bank

Branches and Savings

Is Provident Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12010.

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

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

Why are Provident Bank CD rates not competitive?

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

Is Provident Bank a commercial bank?


Where are Provident Bank locations?

See branch locations nearby.

Is Provident Bank open on Saturdays?

Is Provident Bank open on Sundays?

What time does Provident Bank open?

What time does Provident Bank close?

Are Provident Bank ATMs Open 24/7?

Do Provident Bank ATMs accept cash deposits?

Can Provident Bank customers use other ATMs?

Do Provident Bank branches have notaries?

Will Provident Bank notarize my document?

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

Will the Provident Bank branch print checks?

Do Provident Bank checks expire?

Does Provident Bank require US citizenship to open account?

Can Provident Bank close my account?

Does Provident Bank Report to credit bureaus?

Does Provident Bank Use Equifax?

What is Provident Bank's ACH Routing Number?

What is Provident Bank's SWIFT code?


Does Provident Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Provident Bank offer personal loans?

Compare personal loan rates here.

Does Provident Bank offer student loans?

Will Provident Bank cash a check?

Will Provident Bank redeem a savings bond?

Does Provident Bank cash savings bonds?

Will Provident Bank cash money orders?

Can Provident Bank issue a money order?

Does Provident Bank do currency exchange?

Background on The Bank

Who owns Provident Bank?

How long has Provident Bank been around?

Can Provident Bank transfer to other banks?

Does Provident Bank have quick pay?

Does Provident Bank accept rolled coins?

Will Provident Bank accept loose change?

Where is Provident Bank headquarters?

Customer Reviews for Provident Bank

  • May 14, 2015

    looking to refinance into a fixed equity 15 yr loan, I have now a 1st Mortg & equity line total of about 218000. looking to get about 360 & pay off the old ones & have extra, I have a 4 unit house were we live as well, pleas call me with rates and more info @ 718-438-1815

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