Banks | Cross River Bank

Cross River Bank

For information concerning Brix Direct, a division of Cross River Bank, a subsidiary of Cross River Bank, please see the Brix Direct, a division of Cross River Bank page here.

Branches

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Cross River Bank Locations

Deposit Rates - April 20, 2021

SAVINGS RATES APY MIN MAX
SAV
0.51% $0 - Compare

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58410
Date Established 2008
Assets $ 9.69 billion
Loans $ 9.13 billion
Deposits $ 3.02 billion
Capital $ 378.70 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 225.41 million
Interest-bearing balances $ 224.15 million
Total securities $ 50.22 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 9.13 billion
Loan loss allowance $ 49.84 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.81 million
All other assets $ 258.76 million
     Total Assets $ 9.31 billion

LIABILITIES
Total deposits $ 3.02 billion
      Interest-bearing deposits $ 2.43 billion
      Deposits held in domestic offices $ 3.02 billion
      % insured (estimated) 40.75%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.20 billion
Subordinated debt N.A.
All other liabilities $ 94.90 millionn
      Total Liabilities $ 9.31 billion
      Shareholders’ Equity $ 378.70 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 318.46 million
Total Interest Expense $ 67.76 million
Net interest income $ 250.70 million
Provision for loan and lease losses $ 44.47 million
Total non interest income $ 39.49 million
Total non interest expense $ 129.53 million
Pre-tax Net Operating Income $ 116.20 million

Cross River Bank is an FDIC insured institution headquartered at 885 Teaneck Road, Teaneck, NJ 7666.
It was founded in 2008 and has approximately $10 billion in assets. Customers can open an account at one of its 1 branches.

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    ONLINE SAVINGS
    Cross River Bank
    Bank
    -
    $50,000
    N.A.
    0.51%
    4.47x (National Avg. - 0.11%)
    $0
    -
    SCENARIO
    Year Rate
    0.51%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 255 179
    2 50,255 256 179
    3 50,511 258 180
    4 50,769 259 181
    5 51,028 260 182
    6 51,288 262 183
    7 51,550 263 184
    8 51,813 264 185
    9 52,077 266 186
    10 52,342 267 187
    11 52,609 268 188
    12 52,878 270 189
    13 53,147 271 190
    14 53,418 272 191
    15 53,691 274 192
    16 53,965 275 193
    17 54,240 277 194
    18 54,516 278 195
    19 54,794 279 196
    20 55,074 281 197
    TOTAL $5,355 $3,748
  • 2
    ONLINE SAVINGS
    Citi Accelerate , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    0.50%
    4.39x (National Avg. - 0.11%)
    $0
    -
    SCENARIO
    Year Rate
    0.50%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 250 175
    2 50,250 251 176
    3 50,501 253 177
    4 50,754 254 178
    5 51,008 255 179
    6 51,263 256 179
    7 51,519 258 180
    8 51,776 259 181
    9 52,035 260 182
    10 52,296 261 183
    11 52,557 263 184
    12 52,820 264 185
    13 53,084 265 186
    14 53,349 267 187
    15 53,616 268 188
    16 53,884 269 189
    17 54,154 271 190
    18 54,424 272 190
    19 54,696 273 191
    20 54,970 275 192
    TOTAL $5,245 $3,671


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