Ascendia Bank
Glen Rock, New Jersey · FDIC Cert #28729
Ascendia Bank is an FDIC-insured bank (Certificate #28729) with $386M in total assets and $283M in total deposits as of the Q2 2024 Call Report. Headquartered in Glen Rock, New Jersey, the bank maintains a Tier 1 capital ratio of 13.80% (Well-Capitalized) and a nonperforming loan ratio of 0.11%. BankHealthData assigns a composite Health Grade of B (70/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Ascendia Bank (FDIC cert 28729) is a community bank — $386M in total assets, $283M in deposits, serving the Glen Rock, New Jersey area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 13.80% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is clean: non-performing loan ratio of 0.11% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 12.7% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is negative: ROA of -0.27% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Ascendia Bank carries a composite BankHealth grade of B (70/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Ascendia Bank
- Total Assets
- $386M
- Total Deposits
- $283M
- Tier 1 Capital Ratio
- 13.80%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.11%
- Liquidity Ratio
- 12.72%
- Return on Assets
- -0.27%
- Headquarters
- Glen Rock, New Jersey
- FDIC Certificate
- #28729
- Health Grade
- B (70/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Ascendia Bank holds a Tier 1 capital ratio of 13.80%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Ascendia Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Ascendia Bank shows strong financial health indicators. With $386M in assets and a Health Score of 70/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Ascendia Bank Compares
Ascendia Bank’s Health Score of 70 is 2 points below the New Jersey state average of 72 across 48 FDIC-insured banks. Its 13.80% Tier 1 capital ratio is 0.2 points below the US banking industry average near 14%. The 0.11% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of -0.27% is below the national ROA benchmark of ~1.1%. Among 1550 similarly-sized banks, the average Health Score is 70, meaning this bank ranks above its size cohort.
Frequently Asked Questions
Ascendia Bank has a Bank Health Score of B (70/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 13.80%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Ascendia Bank's Tier 1 capital ratio of 13.80% and nonperforming loan ratio of 0.11% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Ascendia Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #28729). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Ascendia Bank holds $386M in total assets and $283M in total deposits. It is headquartered in Glen Rock, New Jersey (FDIC Certificate #28729).
Ascendia Bank has a Tier 1 capital ratio of 13.80%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.11%, and the return on assets is -0.27%.
Yes. Ascendia Bank is FDIC-insured (Certificate #28729). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Ascendia Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.