Northfield Bank

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Northfield Bank is an FDIC insured institution headquartered at 1731 Victory Blvd, Staten Island, NY 10314.
It was founded in 1887 and has approximately $5 billion in assets. Customers can open an account at one of its 39 branches.

Deposit Rates - February 26, 2024

SAVINGS RATES APY MIN

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28710
Date Established 1887
Assets $ 5.43 billion
Loans $ 4.19 billion
Deposits $ 3.72 billion
Capital $ 697.92 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 80.56 million
Interest-bearing balances $ 67.30 million
Total securities $ 754.44 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 4.19 billion
Loan loss allowance $ 38.48 million
Trading account assets $ 17.96 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 41.39 million
All other assets $ 266.64 million
     Total Assets $ 4.74 billion

LIABILITIES
Total deposits $ 3.72 billion
      Interest-bearing deposits $ 2.96 billion
      Deposits held in domestic offices $ 3.72 billion
      % insured (estimated) 56.93%
Federal funds purchased and repurchase agreements $ 25.00 million
Trading liabilities $ 6.52 million
Other borrowed funds $ 383.60 million
Subordinated debt N.A.
All other liabilities $ 43.31 millionn
      Total Liabilities $ 4.74 billion
      Shareholders’ Equity $ 697.92 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 154.33 million
Total Interest Expense $ 57.44 million
Net interest income $ 96.89 million
Provision for loan and lease losses $ 1.08 million
Total non interest income $ 8.29 million
Total non interest expense $ 61.74 million
Pre-tax Net Operating Income $ 41.64 million


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Branches

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Northfield 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.
    0.15%
    0.71x (National Avg. - 0.21%)
    $35,000
    -
    SCENARIO
    Year Rate
    0.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 75 53
    2 50,075 75 53
    3 50,150 75 53
    4 50,225 75 53
    5 50,301 75 53
    6 50,376 76 53
    7 50,452 76 53
    8 50,527 76 53
    9 50,603 76 53
    10 50,679 76 53
    11 50,755 76 53
    12 50,831 76 53
    13 50,907 76 53
    14 50,984 76 54
    15 51,060 77 54
    16 51,137 77 54
    17 51,214 77 54
    18 51,290 77 54
    19 51,367 77 54
    20 51,444 77 54
    TOTAL $1,522 $1,065
  • 2
    LOCAL SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    5.10%
    24.29x (National Avg. - 0.21%)
    $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