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 7666.
It was founded in 2008 and has approximately $9 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - December 3, 2022

SAVINGS RATES APY MIN

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58410
Date Established 2008
Assets $ 8.55 billion
Loans $ 7.17 billion
Deposits $ 4.63 billion
Capital $ 815.39 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 490.52 million
Interest-bearing balances $ 476.32 million
Total securities $ 269.08 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 7.17 billion
Loan loss allowance $ 56.33 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.31 million
All other assets $ 585.34 million
     Total Assets $ 7.74 billion

LIABILITIES
Total deposits $ 4.63 billion
      Interest-bearing deposits $ 3.18 billion
      Deposits held in domestic offices $ 4.63 billion
      % insured (estimated) 36.61%
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 $ 7.74 billion
      Shareholders’ Equity $ 815.39 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 280.54 million
Total Interest Expense $ 19.13 million
Net interest income $ 261.42 million
Provision for loan and lease losses $ 15.23 million
Total non interest income $ 30.68 million
Total non interest expense $ 145.59 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
    Bank
    -
    $50,000
    N.A.
    2.60%
    20.80x (National Avg. - 0.13%)
    $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
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    3.00%
    24.00x (National Avg. - 0.13%)
    $0
    -
    SCENARIO
    Year Rate
    3.00%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,500 1,050
    2 51,500 1,545 1,082
    3 53,045 1,591 1,114
    4 54,636 1,639 1,147
    5 56,275 1,688 1,182
    6 57,964 1,739 1,217
    7 59,703 1,791 1,254
    8 61,494 1,845 1,291
    9 63,339 1,900 1,330
    10 65,239 1,957 1,370
    11 67,196 2,016 1,411
    12 69,212 2,076 1,453
    13 71,288 2,139 1,497
    14 73,427 2,203 1,542
    15 75,629 2,269 1,588
    16 77,898 2,337 1,636
    17 80,235 2,407 1,685
    18 82,642 2,479 1,735
    19 85,122 2,554 1,788
    20 87,675 2,630 1,841
    TOTAL $40,306 $28,214