Spencer Savings Bank Sla
Elmwood Park, New Jersey · FDIC Cert #30076
This is the FDIC profile for Spencer Savings Bank Sla, an FDIC-insured bank (Certificate #30076) with $3.9B in total assets and $2.9B in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Elmwood Park, New Jersey, the bank maintains a Tier 1 capital ratio of 15.04% (Well-Capitalized) and a nonperforming loan ratio of 0.24%. BankHealthData assigns a composite Health Grade of B (73/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Spencer Savings Bank Sla (FDIC cert 30076) is a mid-sized bank with $3.9B in total assets and $2.9B in deposits, based in Elmwood Park, New Jersey. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is strong: Tier 1 capital ratio of 15.04% 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 0.24% 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: 10.9% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is thin: ROA of 0.43% 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 mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Spencer Savings Bank Sla carries a composite BankHealth grade of B (73/100) 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: Spencer Savings Bank Sla
- Total Assets
- $3.9B
- Total Deposits
- $2.9B
- Tier 1 Capital Ratio
- 15.04%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.24%
- Liquidity Ratio
- 10.87%
- Return on Assets
- 0.43%
- Headquarters
- Elmwood Park, New Jersey
- FDIC Certificate
- #30076
- Health Grade
- B (73/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Spencer Savings Bank Sla files quarterly Call Reports with the FDIC under Certificate #30076. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
Track Spencer Savings Bank Sla
Subscribe for BankHealthData updates by email. No spam, unsubscribe anytime.
Capital & Safety Analysis
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
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.
How Spencer Savings Bank Sla Compares
Spencer Savings Bank Sla’s Health Score of 73 is 5 points below the New Jersey state average of 78 across 48 FDIC-insured banks. Its 15.04% Tier 1 capital ratio is 1.0 points above the US banking industry average near 14%. The 0.24% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 0.43% is below the national ROA benchmark of ~1.1%. Among 368 similarly-sized banks, the average Health Score is 78, meaning this bank ranks below its size cohort. Site-wide, Spencer Savings Bank Sla is 7 points below the portfolio average of 80.
Frequently Asked Questions
Spencer Savings Bank Sla has a Bank Health Score of B (73/100), placing it in solid financial health. 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.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Spencer Savings Bank Sla's Tier 1 capital ratio of 15.04% and nonperforming loan ratio of 0.24% 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 Spencer Savings Bank Sla is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #30076). 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.
Spencer Savings Bank Sla holds $3.9B in total assets and $2.9B in total deposits. It is headquartered in Elmwood Park, New Jersey (FDIC Certificate #30076).
Spencer Savings Bank Sla's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #30076 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Spencer Savings Bank Sla has a Tier 1 capital ratio of 15.04%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's 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 — 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%).
Spencer Savings Bank Sla'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.