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 - November 28, 2023

SAVINGS RATES APY MIN
MM RATES APY MIN
Money Market
4.65% $10,000 Compare

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16026
Date Established 1921
Assets $ 6.90 billion
Loans $ 4.37 billion
Deposits $ 5.47 billion
Capital $ 793.05 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 200.01 million
Interest-bearing balances $ 178.07 million
Total securities $ 1,826.66 million
Federal funds sold and reverse repurchase $ 64.37 million
Net loans and leases $ 4.37 billion
Loan loss allowance $ 30.96 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 $ 6.10 billion

LIABILITIES
Total deposits $ 5.47 billion
      Interest-bearing deposits $ 4.95 billion
      Deposits held in domestic offices $ 5.47 billion
      % insured (estimated) 87.01%
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 $ 6.10 billion
      Shareholders’ Equity $ 793.05 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 112.08 million
Total Interest Expense $ 46.08 million
Net interest income $ 66.00 million
Provision for loan and lease losses N.A.
Total non interest income $ 7.02 million
Total non interest expense $ 53.24 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
View Branches Statewide →

View Branches Nationwide →

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.
    3.45%
    19.94x (National Avg. - 0.17%)
    $0
    -
    SCENARIO
    Year Rate
    3.45%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,725 1,208
    2 51,725 1,785 1,249
    3 53,510 1,846 1,292
    4 55,356 1,910 1,337
    5 57,265 1,976 1,383
    6 59,241 2,044 1,431
    7 61,285 2,114 1,480
    8 63,399 2,187 1,531
    9 65,586 2,263 1,584
    10 67,849 2,341 1,639
    11 70,190 2,422 1,695
    12 72,612 2,505 1,754
    13 75,117 2,592 1,814
    14 77,708 2,681 1,877
    15 80,389 2,773 1,941
    16 83,162 2,869 2,008
    17 86,032 2,968 2,078
    18 89,000 3,070 2,149
    19 92,070 3,176 2,223
    20 95,247 3,286 2,300
    TOTAL $48,533 $33,973
  • 2
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    4.35%
    25.14x (National Avg. - 0.17%)
    $0
    -
    SCENARIO
    Year Rate
    4.35%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,175 1,523
    2 52,175 2,270 1,589
    3 54,445 2,368 1,658
    4 56,813 2,471 1,730
    5 59,284 2,579 1,805
    6 61,863 2,691 1,884
    7 64,554 2,808 1,966
    8 67,362 2,930 2,051
    9 70,293 3,058 2,140
    10 73,350 3,191 2,234
    11 76,541 3,330 2,331
    12 79,871 3,474 2,432
    13 83,345 3,626 2,538
    14 86,970 3,783 2,648
    15 90,754 3,948 2,763
    16 94,701 4,120 2,884
    17 98,821 4,299 3,009
    18 103,120 4,486 3,140
    19 107,605 4,681 3,277
    20 112,286 4,884 3,419
    TOTAL $67,171 $47,019
  • 3
    LOCAL SAVINGS
    Bank
    -
    $50,000
    N.A.
    5.35%
    30.92x (National Avg. - 0.17%)
    $25,000
    -
    SCENARIO
    Year Rate
    5.35%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,675 1,873
    2 52,675 2,818 1,973
    3 55,493 2,969 2,078
    4 58,462 3,128 2,189
    5 61,590 3,295 2,307
    6 64,885 3,471 2,430
    7 68,356 3,657 2,560
    8 72,013 3,853 2,697
    9 75,866 4,059 2,841
    10 79,925 4,276 2,993
    11 84,201 4,505 3,153
    12 88,705 4,746 3,322
    13 93,451 5,000 3,500
    14 98,451 5,267 3,687
    15 103,718 5,549 3,884
    16 109,267 5,846 4,092
    17 115,113 6,159 4,311
    18 121,271 6,488 4,542
    19 127,759 6,835 4,785
    20 134,594 7,201 5,041
    TOTAL $91,795 $64,256