SB One Bank

Headquarters

399 Route 23
Franklin, NJ 07416
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.25% 1.15% →
2-Year CD 0.40% 1.26% →
5-Year CD 0.75% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

SB One Bank is an FDIC insured institution located in Franklin, NJ. It was founded in 1976 and has approximately $2 billion in assets. Customers can open an account at one of its 15 branches.

FDIC Insured Yes
FDIC Certificate # 22221
Date Established 1976
Assets $ 2.00 billion
Loans $ 1,618.58 million
Deposits $ 1,525.08 million
Capital $ 222.52 million
 

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

Deposit Rates - July 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $100 $24,999 Learn More
Money Market
0.01% $1,000 $9,999 Learn More
Money Market
0.05% $10,000 $24,999 Learn More
Money Market
0.10% $25,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $2,500 - Learn More
6 Mo CD
0.20% $2,500 - Learn More
12 Mo CD
0.25% $2,500 - Learn More
24 Mo CD
0.40% $2,500 - Learn More
36 Mo CD
0.60% $2,500 - Learn More
48 Mo CD
0.70% $2,500 - Learn More
60 Mo CD
0.75% $2,500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - July 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for SB One 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
3.039% 3.000% 0.50 $1,250 $1,055 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
2.990 %
$0 Learn More
More Info

Note to SB One Bank
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Branches

SB One 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


SB One Bank Locations


Financial Details

SB One Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of SB One 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
SB One Bank U.S. Bank Average
7.62% 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, SB One Bank had $13,944,000 in non-current loans and $3,793,000 in owned real estate. To cover these potential losses it had $222,516,000 in equity and $10,267,000 in loans loss reserves. That gives it a Texas Ratio of 7.62%.

Return on Equity
SB One Bank U.S. Bank Average
11.02% 9.41%

SB One Bank has a Return on Equity of 11.02% 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
SB One Bank U.S. Bank Average
11.11% 12.82%

SB One Bank has a Capitalization of 11.11% 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.

SB One Bank Balance Sheet Analysis

As of December 31, 2019, SB One Bank had assets of $2,002,702,000, loans of $1,618,579,000, and deposits of $1,525,079,000. 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 $ 43.49 million
Interest-bearing balances $ 34.37 million
Total securities $ 216.19 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,618.58 million
Loan loss allowance $ 10.27 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.79 million
Goodwill and other intangibles $ 29.04 million
All other assets $ 67.93 million
     Total Assets $ 1,780.19 million
LIABILITIES
Total deposits $ 1,525.08 million
      Interest-bearing deposits $ 1,266.73 million
      Deposits held in domestic offices $ 1,525.08 million
      % insured (estimated) 83.03%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 237.84 million
Subordinated debt N.A.
All other liabilities $ 17.27 million
      Total Liabilities $ 1,780.19 million
      Shareholders’ Equity $ 222.52 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 82.46 million
Total Interest Expense $ 21.97 million
Net interest income $ 60.49 million
Provision for loan and lease losses $ 2.53 million
Total non interest income $ 12.10 million
Total non interest expense $ 40.89 million
Pre-tax Net Operating Income $ 29.16 million

Bank Loan Profile?

The top three loan types in SB One Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in New Jersey, SB One 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 23.64
Multifamily
Mortgages
11.43
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 13.72
Construction and Development Loans 7.74
Commercial Real Estate 50.02
Commercial and Industrial Loans 7.72
Farm Loans 0.00

Frequently Asked Questions About Sb One Bank

Branches and Savings

Is Sb One Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22221.

Why does Sb One Bank pay such low interest on savings accounts?

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

Why are Sb One Bank CD rates not competitive?

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

Is Sb One Bank a commercial bank?

Yes

Where are Sb One Bank locations?

See branch locations nearby.

Is Sb One Bank open on Saturdays?

Is Sb One Bank open on Sundays?

What time does Sb One Bank open?

What time does Sb One Bank close?

Are Sb One Bank ATMs Open 24/7?

Do Sb One Bank ATMs accept cash deposits?

Can Sb One Bank customers use other ATMs?

Do Sb One Bank branches have notaries?

Will Sb One Bank notarize my document?

What address for Sb One Bank should I put for incoming ACH transfers?

Will the Sb One Bank branch print checks?

Do Sb One Bank checks expire?

Does Sb One Bank require US citizenship to open account?

Can Sb One Bank close my account?

Does Sb One Bank Report to credit bureaus?

Does Sb One Bank Use Equifax?

What is Sb One Bank's ACH Routing Number?

What is Sb One Bank's SWIFT code?

Products

Does Sb One Bank offer mortgages?

Compare mortgage rates here.

Does Sb One Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Sb One Bank offer personal loans?

Compare personal loan rates here.

Does Sb One Bank offer student loans?

Will Sb One Bank cash a check?

Will Sb One Bank redeem a savings bond?

Does Sb One Bank cash savings bonds?

Will Sb One Bank cash money orders?

Can Sb One Bank issue a money order?

Does Sb One Bank do currency exchange?

Background on The Bank

Who owns Sb One Bank?

How long has Sb One Bank been around?

Can Sb One Bank transfer to other banks?

Does Sb One Bank have quick pay?

Does Sb One Bank accept rolled coins?

Will Sb One Bank accept loose change?

Where is Sb One Bank headquarters?

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