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

Deposit Rates - June 19, 2024

SAVINGS RATES APY MIN

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58410
Date Established 2008
Assets $ 8.73 billion
Loans $ 6.12 billion
Deposits $ 6.73 billion
Capital $ 1,022.98 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 1,277.41 million
Interest-bearing balances $ 1,043.33 million
Total securities $ 810.35 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 6.12 billion
Loan loss allowance $ 106.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 6.20 million
All other assets $ 585.34 million
     Total Assets $ 7.70 billion

LIABILITIES
Total deposits $ 6.73 billion
      Interest-bearing deposits $ 5.36 billion
      Deposits held in domestic offices $ 6.73 billion
      % insured (estimated) 77.48%
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 $ 7.70 billion
      Shareholders’ Equity $ 1,022.98 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 715.74 million
Total Interest Expense $ 239.29 million
Net interest income $ 476.45 million
Provision for loan and lease losses $ 86.51 million
Total non interest income N.A.
Total non interest expense $ 396.17 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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Your current location is: Ashburn, VA

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%
    11.82x (National Avg. - 0.22%)
    $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
    Bank
    -
    $50,000
    N.A.
    5.10%
    23.18x (National Avg. - 0.22%)
    $0
    -
    SCENARIO
    Year Rate
    5.10%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,550 1,785
    2 52,550 2,680 1,876
    3 55,230 2,817 1,972
    4 58,047 2,960 2,072
    5 61,007 3,111 2,178
    6 64,119 3,270 2,289
    7 67,389 3,437 2,406
    8 70,825 3,612 2,528
    9 74,437 3,796 2,657
    10 78,234 3,990 2,793
    11 82,224 4,193 2,935
    12 86,417 4,407 3,085
    13 90,824 4,632 3,242
    14 95,456 4,868 3,408
    15 100,325 5,117 3,582
    16 105,441 5,378 3,764
    17 110,819 5,652 3,956
    18 116,471 5,940 4,158
    19 122,411 6,243 4,370
    20 128,654 6,561 4,593
    TOTAL $85,215 $59,650
  • 3
    LOCAL SAVINGS
    Bank
    -
    $50,000
    N.A.
    5.30%
    24.09x (National Avg. - 0.22%)
    $0
    -
    SCENARIO
    Year Rate
    5.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,650 1,855
    2 52,650 2,790 1,953
    3 55,440 2,938 2,057
    4 58,379 3,094 2,166
    5 61,473 3,258 2,281
    6 64,731 3,431 2,402
    7 68,162 3,613 2,529
    8 71,774 3,804 2,663
    9 75,578 4,006 2,804
    10 79,584 4,218 2,953
    11 83,802 4,441 3,109
    12 88,243 4,677 3,274
    13 92,920 4,925 3,447
    14 97,845 5,186 3,630
    15 103,031 5,461 3,822
    16 108,491 5,750 4,025
    17 114,242 6,055 4,238
    18 120,296 6,376 4,463
    19 126,672 6,714 4,700
    20 133,386 7,069 4,949
    TOTAL $90,455 $63,319
  • 4
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    4.50%
    20.45x (National Avg. - 0.22%)
    $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