Banks | Ridgewood Savings Bank

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 - June 09, 2025

SAVINGS RATES	APY	MIN
SAV	3.50%	$0	Compare
SAV	0.25%	$0	Compare

CD RATES	APY	MIN
6 Mo CD	3.40%	$100	Compare
9 Mo CD	4.00%	$100	Compare
10 Mo CD	4.50%	$100	Compare
12 Mo CD	3.85%	$100	Compare
18 Mo CD	3.55%	$100	Compare
24 Mo CD	2.50%	$100	Compare
36 Mo CD	3.35%	$100	Compare
48 Mo CD	3.35%	$100	Compare
60 Mo CD	3.35%	$100	Compare

MM RATES	APY	MIN
Money Market	0.25%	$10,000	Compare
Money Market	4.05%	$10,000	Compare
Money Market	0.35%	$25,000	Compare

INT CHECKING RATES	APY	MIN
INTCK	0.25%	$50,000

Loan Rates - June 09, 2025

MORTGAGE PURCHASE	APR(%)	MONTHLY PAYMENT
10 Year Fixed Conforming	6.72%	$3,517.41
15 Year Fixed Conforming	6.78%	$2,740.27
20 Year Fixed Conforming	7.00%	$2,402.82
30 Year Fixed Conforming	7.23%	$2,062.77

MORTGAGE REFINANCE	APR(%)	MONTHLY PAYMENT
10 Year Fixed Conforming	6.72%	$3,517.41
15 Year Fixed Conforming	6.78%	$2,740.27
20 Year Fixed Conforming	7.00%	$2,402.82
30 Year Fixed Conforming	7.23%	$2,062.77

See Other Mortgage Rates →

HOME EQUITY RATES	APR(%)	MONTHLY PAYMENT
Line of Credit	7.25%	Varies
Compare with 6.99 RATE Line of Credit from Third Federal Savings and Loan
Compare with 7.75 RATE Line of Credit from Four Leaf Federal Credit Union
Compare with RATE Line of Credit from PenFed Credit Union

See Other Home Equity Rates →

Overview 2025

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 16026
Date Established	1921
Assets	$ 7.19 billion
Loans	$ 4.68 billion
Deposits	$ 5.68 billion
Capital	$ 861.05 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions	$ 315.55 million
Interest-bearing balances	$ 293.43 million
Total securities	$ 1,648.29 million
Federal funds sold and reverse repurchase	$ 94.64 million
Net loans and leases	$ 4.68 billion
Loan loss allowance	$ 35.48 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	$ 6.33 billion

LIABILITIES
Total deposits	$ 5.68 billion
Interest-bearing deposits	$ 5.14 billion
Deposits held in domestic offices	$ 5.68 billion
% insured (estimated)"	87.20%
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	$ 6.33 billion
Shareholders’ Equity	$ 861.05 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income	$ 265.31 million
Total Interest Expense	$ 150.98 million
Net interest income	$ 114.33 million
Provision for loan and lease losses	$ 5.29 million
Total non interest income	$ 16.23 million
Total non interest expense	$ 109.49 million
Pre-tax Net Operating Income	$ 31.79 million

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