Cross River Bank

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Cross River Bank Locations

Deposit Rates - July 6, 2022

SAVINGS RATES APY MIN

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58410
Date Established 2008
Assets $ 9.13 billion
Loans $ 8.00 billion
Deposits $ 3.93 billion
Capital $ 727.59 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 362.59 million
Interest-bearing balances $ 357.53 million
Total securities $ 132.29 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 8.00 billion
Loan loss allowance $ 42.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.23 million
All other assets $ 604.02 million
     Total Assets $ 8.40 billion

LIABILITIES
Total deposits $ 3.93 billion
      Interest-bearing deposits $ 2.64 billion
      Deposits held in domestic offices $ 3.93 billion
      % insured (estimated) 48.09%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.32 billion
Subordinated debt N.A.
All other liabilities $ 155.46 millionn
      Total Liabilities $ 8.40 billion
      Shareholders’ Equity $ 727.59 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 675.46 million
Total Interest Expense $ 58.52 million
Net interest income $ 616.94 million
Provision for loan and lease losses $ 10.68 million
Total non interest income $ 106.94 million
Total non interest expense $ 249.66 million
Pre-tax Net Operating Income $ 463.54 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 $9 billion in assets. Customers can open an account at one of its 1 branches.

Customer Reviews for Cross River Bank (1)

Rated 1.00 stars out of 5 - based on 1 reviews
  • Phone service is atrocious and online service not existent. I am just waiting for month interest to credit and then I will undo this one.


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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
    Bank
    -
    $50,000
    N.A.
    1.00%
    8.55x (National Avg. - 0.12%)
    $0
    -
    SCENARIO
    Year Rate
    1.00%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 500 350
    2 50,500 505 354
    3 51,005 510 357
    4 51,515 515 361
    5 52,030 520 364
    6 52,551 526 368
    7 53,076 531 372
    8 53,607 536 375
    9 54,143 541 379
    10 54,684 547 383
    11 55,231 552 387
    12 55,783 558 390
    13 56,341 563 394
    14 56,905 569 398
    15 57,474 575 402
    16 58,048 580 406
    17 58,629 586 410
    18 59,215 592 415
    19 59,807 598 419
    20 60,405 604 423
    TOTAL $11,010 $7,707
  • 2
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    1.25%
    10.68x (National Avg. - 0.12%)
    $5,000
    -
    SCENARIO
    Year Rate
    1.25%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 625 438
    2 50,625 633 443
    3 51,258 641 449
    4 51,899 649 454
    5 52,547 657 460
    6 53,204 665 466
    7 53,869 673 471
    8 54,543 682 477
    9 55,224 690 483
    10 55,915 699 489
    11 56,614 708 495
    12 57,321 717 502
    13 58,038 725 508
    14 58,763 735 514
    15 59,498 744 521
    16 60,241 753 527
    17 60,994 762 534
    18 61,757 772 540
    19 62,529 782 547
    20 63,310 791 554
    TOTAL $14,102 $9,871
  • 3
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    1.61%
    13.76x (National Avg. - 0.12%)
    $0
    -
    SCENARIO
    Year Rate
    1.61%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 805 564
    2 50,805 818 573
    3 51,623 831 582
    4 52,454 845 591
    5 53,299 858 601
    6 54,157 872 610
    7 55,029 886 620
    8 55,915 900 630
    9 56,815 915 640
    10 57,730 929 651
    11 58,659 944 661
    12 59,603 960 672
    13 60,563 975 683
    14 61,538 991 694
    15 62,529 1,007 705
    16 63,536 1,023 716
    17 64,558 1,039 728
    18 65,598 1,056 739
    19 66,654 1,073 751
    20 67,727 1,090 763
    TOTAL $18,818 $13,172
  • 4
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    1.70%
    14.53x (National Avg. - 0.12%)
    $2,500
    -
    SCENARIO
    Year Rate
    1.70%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 850 595
    2 50,850 864 605
    3 51,714 879 615
    4 52,594 894 626
    5 53,488 909 637
    6 54,397 925 647
    7 55,322 940 658
    8 56,262 956 670
    9 57,219 973 681
    10 58,191 989 692
    11 59,181 1,006 704
    12 60,187 1,023 716
    13 61,210 1,041 728
    14 62,250 1,058 741
    15 63,309 1,076 753
    16 64,385 1,095 766
    17 65,479 1,113 779
    18 66,593 1,132 792
    19 67,725 1,151 806
    20 68,876 1,171 820
    TOTAL $20,047 $14,033