Cross River Bank Annual Report

We maintain the complete database with all recent information about Cross River Bank that you may need. With the help of the annual report, you can know the financial health of the bank, see how large it is, and track the dynamics and last trends of all financial indicators. All Cross River Bank data is relevant for April 2024.

Address
885 Teaneck Road Teaneck, NJ 07666
FDIC Certificate ID
58410
Bank Charter Class
Federal Reserve Non-member

Financial report Cross River Bank

Quarterly
Annually
Change dates
  • June 30, 2022
  • March 31, 2022
  • December 31, 2021
  • September 30, 2021
  • June 30, 2021
  • March 31, 2021
  • December 31, 2020
  • September 30, 2020
  • June 30, 2020
  • March 31, 2020
  • December 31, 2019
  • September 30, 2019
  • June 30, 2019
  • March 31, 2019
  • December 31, 2018
  • September 30, 2018
  • June 30, 2018
  • March 31, 2018
  • December 31, 2017
  • September 30, 2017
  • June 30, 2017
  • March 31, 2017
  • December 31, 2016
  • September 30, 2016
  • June 30, 2016
  • March 31, 2016
  • December 31, 2015
  • September 30, 2015
  • June 30, 2015
  • March 31, 2015
  • December 31, 2014
  • September 30, 2014
  • June 30, 2014
  • March 31, 2014
  • December 31, 2013
  • September 30, 2013
  • June 30, 2013
  • March 31, 2013
  • December 31, 2012
  • September 30, 2012
  • June 30, 2012
  • March 31, 2012
  • December 31, 2011
  • September 30, 2011
  • June 30, 2011
  • March 31, 2011
  • December 31, 2010
  • September 30, 2010
  • June 30, 2010
  • March 31, 2010
  • December 31, 2009
  • September 30, 2009
  • June 30, 2009
  • March 31, 2009
  • December 31, 2008
  • September 30, 2008
  • June 30, 2008
  • June 30, 2022
  • March 31, 2022
  • December 31, 2021
  • September 30, 2021
  • June 30, 2021
  • March 31, 2021
  • December 31, 2020
  • September 30, 2020
  • June 30, 2020
  • March 31, 2020
  • December 31, 2019
  • September 30, 2019
  • June 30, 2019
  • March 31, 2019
  • December 31, 2018
  • September 30, 2018
  • June 30, 2018
  • March 31, 2018
  • December 31, 2017
  • September 30, 2017
  • June 30, 2017
  • March 31, 2017
  • December 31, 2016
  • September 30, 2016
  • June 30, 2016
  • March 31, 2016
  • December 31, 2015
  • September 30, 2015
  • June 30, 2015
  • March 31, 2015
  • December 31, 2014
  • September 30, 2014
  • June 30, 2014
  • March 31, 2014
  • December 31, 2013
  • September 30, 2013
  • June 30, 2013
  • March 31, 2013
  • December 31, 2012
  • September 30, 2012
  • June 30, 2012
  • March 31, 2012
  • December 31, 2011
  • September 30, 2011
  • June 30, 2011
  • March 31, 2011
  • December 31, 2010
  • September 30, 2010
  • June 30, 2010
  • March 31, 2010
  • December 31, 2009
  • September 30, 2009
  • June 30, 2009
  • March 31, 2009
  • December 31, 2008
  • September 30, 2008
  • June 30, 2008
  • June 30, 2022
  • March 31, 2022
  • December 31, 2021
  • September 30, 2021
  • June 30, 2021
  • March 31, 2021
  • December 31, 2020
  • September 30, 2020
  • June 30, 2020
  • March 31, 2020
  • December 31, 2019
  • September 30, 2019
  • June 30, 2019
  • March 31, 2019
  • December 31, 2018
  • September 30, 2018
  • June 30, 2018
  • March 31, 2018
  • December 31, 2017
  • September 30, 2017
  • June 30, 2017
  • March 31, 2017
  • December 31, 2016
  • September 30, 2016
  • June 30, 2016
  • March 31, 2016
  • December 31, 2015
  • September 30, 2015
  • June 30, 2015
  • March 31, 2015
  • December 31, 2014
  • September 30, 2014
  • June 30, 2014
  • March 31, 2014
  • December 31, 2013
  • September 30, 2013
  • June 30, 2013
  • March 31, 2013
  • December 31, 2012
  • September 30, 2012
  • June 30, 2012
  • March 31, 2012
  • December 31, 2011
  • September 30, 2011
  • June 30, 2011
  • March 31, 2011
  • December 31, 2010
  • September 30, 2010
  • June 30, 2010
  • March 31, 2010
  • December 31, 2009
  • September 30, 2009
  • June 30, 2009
  • March 31, 2009
  • December 31, 2008
  • September 30, 2008
  • June 30, 2008
  • June 30, 2022
  • March 31, 2022
  • December 31, 2021
  • September 30, 2021
  • June 30, 2021
  • March 31, 2021
  • December 31, 2020
  • September 30, 2020
  • June 30, 2020
  • March 31, 2020
  • December 31, 2019
  • September 30, 2019
  • June 30, 2019
  • March 31, 2019
  • December 31, 2018
  • September 30, 2018
  • June 30, 2018
  • March 31, 2018
  • December 31, 2017
  • September 30, 2017
  • June 30, 2017
  • March 31, 2017
  • December 31, 2016
  • September 30, 2016
  • June 30, 2016
  • March 31, 2016
  • December 31, 2015
  • September 30, 2015
  • June 30, 2015
  • March 31, 2015
  • December 31, 2014
  • September 30, 2014
  • June 30, 2014
  • March 31, 2014
  • December 31, 2013
  • September 30, 2013
  • June 30, 2013
  • March 31, 2013
  • December 31, 2012
  • September 30, 2012
  • June 30, 2012
  • March 31, 2012
  • December 31, 2011
  • September 30, 2011
  • June 30, 2011
  • March 31, 2011
  • December 31, 2010
  • September 30, 2010
  • June 30, 2010
  • March 31, 2010
  • December 31, 2009
  • September 30, 2009
  • June 30, 2009
  • March 31, 2009
  • December 31, 2008
  • September 30, 2008
  • June 30, 2008
  • June 30, 2022
  • March 31, 2022
  • December 31, 2021
  • September 30, 2021
  • June 30, 2021
  • March 31, 2021
  • December 31, 2020
  • September 30, 2020
  • June 30, 2020
  • March 31, 2020
  • December 31, 2019
  • September 30, 2019
  • June 30, 2019
  • March 31, 2019
  • December 31, 2018
  • September 30, 2018
  • June 30, 2018
  • March 31, 2018
  • December 31, 2017
  • September 30, 2017
  • June 30, 2017
  • March 31, 2017
  • December 31, 2016
  • September 30, 2016
  • June 30, 2016
  • March 31, 2016
  • December 31, 2015
  • September 30, 2015
  • June 30, 2015
  • March 31, 2015
  • December 31, 2014
  • September 30, 2014
  • June 30, 2014
  • March 31, 2014
  • December 31, 2013
  • September 30, 2013
  • June 30, 2013
  • March 31, 2013
  • December 31, 2012
  • September 30, 2012
  • June 30, 2012
  • March 31, 2012
  • December 31, 2011
  • September 30, 2011
  • June 30, 2011
  • March 31, 2011
  • December 31, 2010
  • September 30, 2010
  • June 30, 2010
  • March 31, 2010
  • December 31, 2009
  • September 30, 2009
  • June 30, 2009
  • March 31, 2009
  • December 31, 2008
  • September 30, 2008
  • June 30, 2008
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  • 2022
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All values USD, Dollar figures in thousands
Updated June 30, 2022
Item
2022
2021
2020
2019
2018
Trends
Assets and Liabilities
Total assets
Total assets
8,553,880
9,130,310
9,693,503
2,060,327
1,388,222
Cash & Balances due from depository institutions
Cash & Balances due from depository institutions
490,515
362,587
225,410
319,849
286,129
Cash items in process of collection
Cash items in process of collection
12,608
4,083
599
1,510
N/A
Collection in domestic offices
Collection in domestic offices
N/A
N/A
N/A
N/A
N/A
Currency and coin in domestic offices
Currency and coin in domestic offices
12,608
4,083
599
1,510
N/A
Balances due from depository institutions in U.S.
Balances due from depository institutions in U.S.
13,214
25,168
31,669
15,764
N/A
Balances due from foreign banks
Balances due from foreign banks
N/A
N/A
N/A
N/A
N/A
Balances due from FRB
Balances due from FRB
464,694
333,336
193,143
302,576
N/A
Total securities *
Total securities *
269,076
132,289
50,217
9,961
24,675
U.S. Government securities
U.S. Government securities
120,862
25,466
13,700
3,554
9,809
U.S. Treasury securities
U.S. Treasury securities
99,674
N/A
N/A
N/A
5,941
U.S. Government agency obligations
U.S. Government agency obligations
21,188
25,466
13,700
3,554
3,868
Securities issued by states & political subdivisions
Securities issued by states & political subdivisions
N/A
N/A
861
1,000
986
Other domestic debt securities
Other domestic debt securities
146,715
103,823
32,656
3,407
13,880
Privately issued residential mortgage-backed securities
Privately issued residential mortgage-backed securities
N/A
N/A
N/A
1,530
3,379
Asset backed securities
Asset backed securities
75,439
48,807
32,656
1,877
10,501
Structured financial products - Total
Structured financial products - Total
N/A
85
N/A
N/A
N/A
Other domestic debt securities - All other
Other domestic debt securities - All other
20,776
4,431
N/A
N/A
N/A
Foreign debt securities
Foreign debt securities
3,000
3,000
3,000
2,000
N/A
Equity securities not held for trading
Equity securities not held for trading
N/A
N/A
N/A
N/A
N/A
Equity securities available-for-sale
Equity securities available-for-sale
N/A
N/A
N/A
N/A
N/A
Credit Loss Allowance for Held to Maturity Debt Securities
Credit Loss Allowance for Held to Maturity Debt Securities
1,501
N/A
N/A
N/A
N/A
Assets held in trading accounts for TFR Reporters
Assets held in trading accounts for TFR Reporters
N/A
N/A
N/A
N/A
N/A
General valuation allowances for securities for TFR Reporters
General valuation allowances for securities for TFR Reporters
N/A
N/A
N/A
N/A
N/A
Federal funds sold and reverse repurchase
Federal funds sold and reverse repurchase
N/A
N/A
N/A
N/A
N/A
Net loans and leases
Net loans and leases
7,169,957
7,999,952
9,133,953
1,658,113
1,011,291
Loan and leases loss allowance**
Loan and leases loss allowance**
56,334
42,120
49,840
36,800
18,290
Total loans and leases
Total loans and leases
7,226,291
8,042,072
9,183,793
1,694,913
1,029,581
Unearned income
Unearned income
4,378
181,176
124,412
12,125
5,746
Loans and leases, gross
Loans and leases, gross
7,230,669
8,223,248
9,308,205
1,707,038
1,035,327
All real estate loans
All real estate loans
876,565
855,198
575,367
506,364
387,560
Real estate loans in domestic offices
Real estate loans in domestic offices
876,565
855,198
575,367
506,364
387,560
Construction and development loans
Construction and development loans
89,057
86,077
51,498
24,004
9,828
Residential 1-4 family construction
Residential 1-4 family construction
23,507
31,315
21,116
4,686
N/A
Other construction, all land development and other land
Other construction, all land development and other land
65,550
54,762
30,382
19,318
9,828
Secured by nonfarm nonresidential properties
Secured by nonfarm nonresidential properties
406,750
457,119
261,882
224,964
173,277
Nonfarm nonresidential secured by owner-occupied properties
Nonfarm nonresidential secured by owner-occupied properties
46,503
41,956
51,633
61,949
56,747
Commercial real estate other non-farm non-residential
Commercial real estate other non-farm non-residential
360,247
415,163
210,249
163,015
116,530
Multifamily residential real estate
Multifamily residential real estate
341,962
267,019
189,765
164,606
130,073
1-4 family residential loans
1-4 family residential loans
38,796
44,983
72,222
92,790
74,382
Farmland loans
Farmland loans
N/A
N/A
N/A
N/A
N/A
Loans held in foreign offices
Loans held in foreign offices
N/A
N/A
N/A
N/A
N/A
Farm loans
Farm loans
N/A
N/A
N/A
N/A
N/A
Commercial and industrial loans
Commercial and industrial loans
3,638,752
5,565,974
7,397,894
66,898
37,957
Loans to individuals
Loans to individuals
2,328,604
1,664,911
1,073,534
912,155
475,388
Credit card loans
Credit card loans
3
3
3
4
4
Related Plans
Related Plans
N/A
N/A
N/A
N/A
N/A
Consumer Loans - Auto
Consumer Loans - Auto
N/A
N/A
N/A
N/A
N/A
Other loans to individuals
Other loans to individuals
2,328,601
1,664,908
1,073,531
912,151
475,384
All other loans & leases*
All other loans & leases*
386,748
137,166
261,411
221,622
134,421
Loans to foreign governments and official institutions
Loans to foreign governments and official institutions
N/A
N/A
N/A
N/A
N/A
Obligations of states and political subdivisions in U.S.
Obligations of states and political subdivisions in U.S.
N/A
N/A
N/A
N/A
N/A
Other loans
Other loans
386,748
137,166
261,411
221,622
134,421
Lease financing receivables
Lease financing receivables
N/A
N/A
N/A
N/A
N/A
Loans to depository institutions and acceptances of other banks
Loans to depository institutions and acceptances of other banks
N/A
N/A
N/A
N/A
N/A
Trading account assets
Trading account assets
N/A
N/A
N/A
N/A
N/A
Bank premises and fixed assets
Bank premises and fixed assets
37,687
30,239
24,357
17,151
8,419
Other real estate owned
Other real estate owned
N/A
N/A
N/A
N/A
N/A
Direct and indirect investments in real estate
Direct and indirect investments in real estate
N/A
N/A
N/A
N/A
N/A
OREO: Real estate acquired
OREO: Real estate acquired
N/A
N/A
N/A
N/A
N/A
Other real estate owned: 1-4 family residential
Other real estate owned: 1-4 family residential
N/A
N/A
N/A
N/A
N/A
Other Real Estate Owned: Multi-family residential
Other Real Estate Owned: Multi-family residential
N/A
N/A
N/A
N/A
N/A
Other real estate owned: Commercial real estate
Other real estate owned: Commercial real estate
N/A
N/A
N/A
N/A
N/A
Other real estate owned:Construction & development
Other real estate owned:Construction & development
N/A
N/A
N/A
N/A
N/A
Other real estate owned: Farmland
Other real estate owned: Farmland
N/A
N/A
N/A
N/A
N/A
Foreclosed properties from GNMA loans before June 2018
Foreclosed properties from GNMA loans before June 2018
N/A
N/A
N/A
N/A
N/A
Other real estate owned in foreign offices
Other real estate owned in foreign offices
N/A
N/A
N/A
N/A
N/A
Goodwill and other intangibles
Goodwill and other intangibles
1,309
1,226
806
760
787
Goodwill
Goodwill
N/A
N/A
N/A
N/A
N/A
Mortgage servicing assets
Mortgage servicing assets
N/A
1,226
806
760
787
All other assets
All other assets
585,336
604,017
258,760
54,493
56,921
Liabilities and Capital
Total liabilities and capital
Total liabilities and capital
8,553,880
9,130,310
9,693,503
2,060,327
1,388,222
Total Liabilities
Total Liabilities
7,738,495
8,402,723
9,314,802
1,809,329
1,241,001
Total deposits
Total deposits
4,627,093
3,930,696
3,024,212
1,618,307
1,144,807
Deposits held in domestic offices
Deposits held in domestic offices
4,627,093
3,930,696
3,024,212
1,618,307
1,144,807
Individuals, partnerships, and corporations
Individuals, partnerships, and corporations
4,627,093
3,930,696
3,024,212
1,618,307
1,144,807
U.S. Government
U.S. Government
N/A
N/A
N/A
N/A
N/A
States and political subdivisions in the U.S.
States and political subdivisions in the U.S.
N/A
N/A
N/A
N/A
N/A
Commercial banks and other depository institutions in U.S.
Commercial banks and other depository institutions in U.S.
N/A
N/A
N/A
N/A
N/A
Banks in foreign countries
Banks in foreign countries
N/A
N/A
N/A
N/A
N/A
Foreign governments and official institutions
Foreign governments and official institutions
N/A
N/A
N/A
N/A
N/A
Deposits held in foreign offices
Deposits held in foreign offices
N/A
N/A
N/A
N/A
N/A
Deposits held in domestic offices
Deposits held in domestic offices
4,627,093
3,930,696
3,024,212
1,618,307
1,144,807
Transaction accounts
Transaction accounts
2,837,117
2,142,661
822,289
431,709
643,876
Nontransaction accounts
Nontransaction accounts
1,789,976
1,788,035
2,201,923
1,186,598
500,931
Money market deposit accounts (MMDAs)
Money market deposit accounts (MMDAs)
732,557
637,859
609,137
34,131
38,909
Other savings deposits (excluding MMDAs)
Other savings deposits (excluding MMDAs)
471,760
590,135
360,022
62,982
75,567
Total time deposits
Total time deposits
585,659
560,041
1,232,763
1,089,486
386,456
Federal funds purchased and repurchase agreements
Federal funds purchased and repurchase agreements
N/A
N/A
N/A
N/A
N/A
Trading liabilities
Trading liabilities
N/A
N/A
N/A
N/A
N/A
N/A - idobrmtg
N/A - idobrmtg
2,935,853
4,316,566
6,195,692
163,500
85,000
Subordinated debt
Subordinated debt
N/A
N/A
N/A
N/A
N/A
All other liabilities
All other liabilities
175,549
155,461
94,898
27,522
11,194
Total equity capital
Total equity capital
815,385
727,587
378,701
250,998
147,221
Bank equity capital
Bank equity capital
815,380
727,581
378,695
250,992
147,215
Perpetual preferred stock
Perpetual preferred stock
N/A
N/A
N/A
N/A
N/A
Common stock
Common stock
N/A
N/A
9,251
9,251
9,251
Surplus
Surplus
191,429
191,429
182,178
97,678
36,898
Undivided profits
Undivided profits
623,951
536,152
187,266
144,063
101,066
Equity, minor interest in consolidated subs
Equity, minor interest in consolidated subs
5
6
6
6
6
Memoranda
Noncurrent loans and leases
Noncurrent loans and leases
1,128,937
26,643
6,948
7,231
2,142
Income earned, not collected on loans
Income earned, not collected on loans
92,485
83,014
59,054
12,634
14,736
Earning assets
Earning assets
7,915,351
8,489,771
9,408,319
1,986,413
1,321,075
Long-term assets (5+ years)
Long-term assets (5+ years)
632,541
121,378
76,460
35,903
81,713
Average total assets
Average total assets
8,864,690
11,632,260
7,194,918.8
1,773,136
1,240,146.4
Average assets, quarterly
Average assets, quarterly
8,718,472.5
10,300,020.5
10,736,444
2,030,167
1,285,384.5
Total risk weighted assets adjusted
Total risk weighted assets adjusted
N/A
3,306,131
2,068,032
1,463,460
903,532
Adjusted average assets for leverage capital purposes
Adjusted average assets for leverage capital purposes
5,645,957
4,875,560
3,892,934
2,090,710
1,346,293
Life insurance assets
Life insurance assets
8,817
8,711
8,500
8,304
8,098
General account life insurance assets
General account life insurance assets
3,963
3,917
3,826
3,733
3,638
Separate account life insurance assets
Separate account life insurance assets
N/A
N/A
N/A
N/A
N/A
Hybrid life insurance assets
Hybrid life insurance assets
4,854
4,794
4,674
4,571
4,460
Volatile liabilities
Volatile liabilities
426,016
224,917
527,767
430,154
63,380
Insider loans
Insider loans
N/A
N/A
100
3,255
4,182
FHLB advances
FHLB advances
177,500
192,500
208,500
163,500
85,000
Loans and leases held for sale
Loans and leases held for sale
1,609,515
1,123,522
348,188
312,021
191,414
Unused loan commitments
Unused loan commitments
229,557
183,882
96,678
101,021
56,996
Tier one (core) capital
Tier one (core) capital
758,881
728,313
378,559
250,906
147,314
Tier 2 Risk-based capital
Tier 2 Risk-based capital
N/A
41,372
26,155
18,525
11,382
Total unused commitments
Total unused commitments
229,557
183,882
96,678
101,021
56,996
Derivatives
Derivatives
18,405
N/A
N/A
N/A
N/A