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 - July 18, 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 - July 18, 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 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	$ 7.30 billion
Loans	$ 4.73 billion
Deposits	$ 5.77 billion
Capital	$ 882.07 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions	$ 366.78 million
Interest-bearing balances	$ 343.10 million
Total securities	$ 1,655.30 million
Federal funds sold and reverse repurchase	$ 94.64 million
Net loans and leases	$ 4.73 billion
Loan loss allowance	$ 35.62 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	$ 6.42 billion

LIABILITIES
Total deposits	$ 5.77 billion
Interest-bearing deposits	$ 5.21 billion
Deposits held in domestic offices	$ 5.77 billion
% insured (estimated)"	86.77%
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	$ 6.42 billion
Shareholders’ Equity	$ 882.07 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income	$ 69.56 million
Total Interest Expense	$ 39.07 million
Net interest income	$ 30.49 million
Provision for loan and lease losses	$ 0.74 million
Total non interest income	$ 3.83 million
Total non interest expense	$ 26.84 million
Pre-tax Net Operating Income	$ 31.79 million

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