Third Federal rate are typically 20% lower than other leaders
Guaranteed Lowest Rate
No closing costs, prepayment penalties, or minimum draw requirements
10 year draw period
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for
taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2021
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 16026
Date Established
1921
Assets
$ 6.37 billion
Loans
$ 3.98 billion
Deposits
$ 5.02 billion
Capital
$ 814.61 million
Summary Balance Sheet
ASSETS
Cash & Balances due from depository institutions
$ 319.30 million
Interest-bearing balances
$ 119.74 million
Total securities
$ 1,620.66 million
Federal funds sold and reverse repurchase
$ 144.32 million
Net loans and leases
$ 3.98 billion
Loan loss allowance
$ 27.31 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
$ 0.22 million
Goodwill and other intangibles
$ 80.21 million
All other assets
$ 212.59 million
Total Assets
$ 5.56 billion
LIABILITIES
Total deposits
$ 5.02 billion
Interest-bearing deposits
$ 4.54 billion
Deposits held in domestic offices
$ 5.02 billion
% insured (estimated)
91.29%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
$ 433.79 million
Subordinated debt
N.A.
All other liabilities
$ 107.08 millionn
Total Liabilities
$ 5.56 billion
Shareholders’ Equity
$ 814.61 million
Summary Income Statement
INCOME AND EXPENSES
Total Interest Income
$ 178.28 million
Total Interest Expense
$ 55.61 million
Net interest income
$ 122.66 million
Provision for loan and lease losses
$ 5.59 million
Total non interest income
$ 11.08 million
Total non interest expense
$ 100.39 million
Pre-tax Net Operating Income
$ 27.77 million
Ridgewood Savings Bank is an FDIC insured institution headquartered at
7102 Forest Avenue, Ridgewood, NY 11385.
It was founded in
1921 and has approximately $6 billion in
assets. Customers can open an account at one of its 39 branches.
