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BankHealth

SPENCER SAVINGS BANK SLA

ELMWOOD PARK, NEW JERSEY · FDIC Cert #30076

B
Health Score
73/100
$3.9B
Total Assets
$2.9B
Total Deposits
15.04%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, SPENCER SAVINGS BANK SLA holds a Tier 1 capital ratio of 15.04%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning SPENCER SAVINGS BANK SLA has a strong buffer to absorb potential losses.

Key Financial Metrics

0.24%
Nonperforming Loans
Low — healthy loan portfolio
10.87%
Liquidity Ratio
Adequate liquidity
0.43%
Return on Assets
Low profitability
$2.9B
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

SPENCER SAVINGS BANK SLA shows strong financial health indicators. With $3.9B in assets and a Health Score of 73/100, 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.

Frequently Asked Questions

SPENCER SAVINGS BANK SLA has a Bank Health Score of B (73/100). It holds a Tier 1 capital ratio of 15.04%, 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.

SPENCER SAVINGS BANK SLA holds $3.9B in total assets and $2.9B in total deposits. It is located in ELMWOOD PARK, NEW JERSEY (FDIC Certificate #30076).

SPENCER SAVINGS BANK SLA has a Tier 1 capital ratio of 15.04%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 0.24%, and the return on assets is 0.43%.

Yes. SPENCER SAVINGS BANK SLA is FDIC-insured (Certificate #30076). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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