Ridgewood Savings Bank


Ridgewood Savings Bank is an FDIC insured institution headquartered at 7102 Forest Ave, Ridgewood, NY 11385.
It was founded in 1921 and has approximately $7 billion in assets. Customers can open an account at one of its 39 branches.

Deposit Rates - May 27, 2024

SAVINGS RATES APY MIN
MM RATES APY MIN
Money Market
4.75% $10,000 Compare

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16026
Date Established 1921
Assets $ 6.97 billion
Loans $ 4.47 billion
Deposits $ 5.51 billion
Capital $ 822.56 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 254.24 million
Interest-bearing balances $ 233.65 million
Total securities $ 1,717.50 million
Federal funds sold and reverse repurchase $ 94.64 million
Net loans and leases $ 4.47 billion
Loan loss allowance $ 31.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles $ 80.21 million
All other assets $ 274.88 million
     Total Assets $ 6.15 billion

LIABILITIES
Total deposits $ 5.51 billion
      Interest-bearing deposits $ 4.99 billion
      Deposits held in domestic offices $ 5.51 billion
      % insured (estimated) 88.66%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 402.86 million
Subordinated debt N.A.
All other liabilities $ 114.65 millionn
      Total Liabilities $ 6.15 billion
      Shareholders’ Equity $ 822.56 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 234.24 million
Total Interest Expense $ 107.16 million
Net interest income $ 127.07 million
Provision for loan and lease losses $ 0.68 million
Total non interest income $ 14.05 million
Total non interest expense $ 108.75 million
Pre-tax Net Operating Income $ 31.79 million

Customer Reviews for Ridgewood Savings Bank

There are currently no comments for Ridgewood Savings Bank. Be the first to share your experience. Please provide comments that will help others.


Add Your Review


Rate it here →



Branches

Click on location and enter new zip number to change.
Your current location is: Ashburn, VA

Ridgewood Savings 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.
    3.50%
    16.13x (National Avg. - 0.22%)
    $0
    -
    SCENARIO
    Year Rate
    3.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,750 1,225
    2 51,750 1,811 1,268
    3 53,561 1,875 1,312
    4 55,436 1,940 1,358
    5 57,376 2,008 1,406
    6 59,384 2,078 1,455
    7 61,463 2,151 1,506
    8 63,614 2,226 1,559
    9 65,840 2,304 1,613
    10 68,145 2,385 1,670
    11 70,530 2,469 1,728
    12 72,998 2,555 1,788
    13 75,553 2,644 1,851
    14 78,198 2,737 1,916
    15 80,935 2,833 1,983
    16 83,767 2,932 2,052
    17 86,699 3,034 2,124
    18 89,734 3,141 2,198
    19 92,874 3,251 2,275
    20 96,125 3,364 2,355
    TOTAL $49,489 $34,643
  • 2
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    4.50%
    20.74x (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