Banks | Cross River Bank

Cross River Bank

For information concerning Brix Direct, a division of Cross River Bank online bank, please click here.

Cross River Bank is an FDIC insured institution headquartered at 885 Teaneck Rd, Teaneck, NJ 07666.
It was founded in 0000 and has approximately $9 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - June 7, 2023

SAVINGS RATES APY MIN
SAV
2.60% $0 Compare

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58410
Date Established 0000
Assets $ 9.16 billion
Loans $ 7.22 billion
Deposits $ 5.73 billion
Capital $ 1,068.93 million

Summary Balance Sheet as of December 31, 2022

ASSETS
Cash & Balances due from depository institutions $ 1,030.22 million
Interest-bearing balances $ 929.08 million
Total securities $ 303.02 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 7.22 billion
Loan loss allowance $ 81.53 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 6.11 million
All other assets $ 585.34 million
     Total Assets $ 8.09 billion

LIABILITIES
Total deposits $ 5.73 billion
      Interest-bearing deposits $ 4.39 billion
      Deposits held in domestic offices $ 5.73 billion
      % insured (estimated) 58.38%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.94 billion
Subordinated debt N.A.
All other liabilities $ 175.55 millionn
      Total Liabilities $ 8.09 billion
      Shareholders’ Equity $ 1,068.93 million

Summary Income Statement as of December 31, 2022

INCOME AND EXPENSES
Total Interest Income $ 585.55 million
Total Interest Expense $ 72.68 million
Net interest income $ 512.87 million
Provision for loan and lease losses $ 61.43 million
Total non interest income N.A.
Total non interest expense $ 311.81 million
Pre-tax Net Operating Income $ 131.27 million

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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Branches

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Cross River Bank Locations

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.
    2.60%
    16.46x (National Avg. - 0.16%)
    $0
    -
    SCENARIO
    Year Rate
    2.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,300 910
    2 51,300 1,334 934
    3 52,634 1,368 958
    4 54,002 1,404 983
    5 55,406 1,441 1,008
    6 56,847 1,478 1,035
    7 58,325 1,516 1,062
    8 59,841 1,556 1,089
    9 61,397 1,596 1,117
    10 62,994 1,638 1,146
    11 64,631 1,680 1,176
    12 66,312 1,724 1,207
    13 68,036 1,769 1,238
    14 69,805 1,815 1,270
    15 71,620 1,862 1,303
    16 73,482 1,911 1,337
    17 75,392 1,960 1,372
    18 77,353 2,011 1,408
    19 79,364 2,063 1,444
    20 81,427 2,117 1,482
    TOTAL $33,544 $23,481
  • 2
    LOCAL SAVINGS
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    4.00%
    25.32x (National Avg. - 0.16%)
    $0
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689
  • 3
    LOCAL SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    N.A.
    4.85%
    30.70x (National Avg. - 0.16%)
    $1,000
    -
    SCENARIO
    Year Rate
    4.85%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,425 1,698
    2 52,425 2,543 1,780
    3 54,968 2,666 1,866
    4 57,634 2,795 1,957
    5 60,429 2,931 2,052
    6 63,360 3,073 2,151
    7 66,433 3,222 2,255
    8 69,654 3,378 2,365
    9 73,033 3,542 2,479
    10 76,575 3,714 2,600
    11 80,289 3,894 2,726
    12 84,183 4,083 2,858
    13 88,266 4,281 2,997
    14 92,546 4,489 3,142
    15 97,035 4,706 3,294
    16 101,741 4,934 3,454
    17 106,676 5,174 3,622
    18 111,849 5,425 3,797
    19 117,274 5,688 3,981
    20 122,962 5,964 4,175
    TOTAL $78,925 $55,248
  • 4
    ONLINE SAVINGS
    Citizens , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    4.50%
    28.48x (National Avg. - 0.16%)
    $1
    -
    SCENARIO
    Year Rate
    4.50%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,250 1,575
    2 52,250 2,351 1,646
    3 54,601 2,457 1,720
    4 57,058 2,568 1,797
    5 59,626 2,683 1,878
    6 62,309 2,804 1,963
    7 65,113 2,930 2,051
    8 68,043 3,062 2,143
    9 71,105 3,200 2,240
    10 74,305 3,344 2,341
    11 77,648 3,494 2,446
    12 81,143 3,651 2,556
    13 84,794 3,816 2,671
    14 88,610 3,987 2,791
    15 92,597 4,167 2,917
    16 96,764 4,354 3,048
    17 101,119 4,550 3,185
    18 105,669 4,755 3,329
    19 110,424 4,969 3,478
    20 115,393 5,193 3,635
    TOTAL $70,586 $49,410


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