Cross River Bank
Teaneck, New Jersey · FDIC Cert #58410
Cross River Bank is an FDIC-insured bank (Certificate #58410) with $8.8B in total assets and $7.0B in total deposits as of the Q2 2024 Call Report. Headquartered in Teaneck, New Jersey, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 12.84%. BankHealthData assigns a composite Health Grade of F (21/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Cross River Bank (FDIC cert 58410) is a mid-sized bank with $8.8B in total assets and $7.0B in deposits, based in Teaneck, New Jersey. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality shows stress: non-performing loan ratio of 12.84% is well above the peer median and signals significant credit-quality challenges. Banks in this range typically face heightened regulatory monitoring. Liquidity is in the normal range: 22.5% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is thin: ROA of 0.30% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. Cross River Bank carries a composite BankHealth grade of F (21/100) 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: Cross River Bank
- Total Assets
- $8.8B
- Total Deposits
- $7.0B
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 12.84%
- Liquidity Ratio
- 22.51%
- Return on Assets
- 0.30%
- Headquarters
- Teaneck, New Jersey
- FDIC Certificate
- #58410
- Health Grade
- F (21/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Cross River Bank holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject Cross River Bank to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
Cross River Bank shows some financial weakness with a Health Score of 21/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
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 Cross River Bank Compares
Cross River Bank’s Health Score of 21 is 51 points below the New Jersey state average of 72 across 48 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 12.84% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.30% is below the national ROA benchmark of ~1.1%. Among 185 similarly-sized banks, the average Health Score is 75, meaning this bank ranks below its size cohort. Site-wide, Cross River Bank is 49 points below the portfolio average of 70.
Frequently Asked Questions
Cross River Bank has a Bank Health Score of F (21/100), placing it in weak financial health. It holds a Tier 1 capital ratio of 0.00%, which is below 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. Cross River Bank's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 12.84% indicate an elevated 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 Cross River Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #58410). 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.
Cross River Bank holds $8.8B in total assets and $7.0B in total deposits. It is headquartered in Teaneck, New Jersey (FDIC Certificate #58410).
Cross River Bank has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 12.84%, and the return on assets is 0.30%.
Yes. Cross River Bank is FDIC-insured (Certificate #58410). 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 F grade on our Bank Health Score means below 40/100 — significant weakness on multiple metrics; depositors above the FDIC limit should be especially vigilant. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Cross River Bank shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.