# NVE BANK
ENGLEWOOD, NJ · FDIC certificate 29875 · asset band $300M-1B · latest filing 2025-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $645.2M | |
| Deposits | $407.5M | |
| Loans and leases | $359.5M | |
| Total equity | $129.5M | |
| Loans / deposits | 87.79% (p68 of band) | 80.20% |
| Liquid assets / assets | 37.51% (p76 of band) | |
| Uninsured deposits / deposits | 25.62% (p52 of band) | 25.15% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 14.88% (p86 of band) | |
| FHLB advances / assets | 14.88% | |
| Tier 1 leverage | 20.54% (p98 of band) | 10.44% |
| Unrealized securities loss / equity | -11.13% (p55 of band) | -13.25% |
| AOCI / equity | 0.81% (p38 of band) | |
| ROA (annualized) | 1.37% (p71 of band) | 1.02% |
| Net interest margin | 2.88% (p18 of band) | 3.54% |
| Efficiency ratio | 60.95% (p37 of band) | |
| Noncurrent loans | 2.57% (p95 of band) | 0.34% |
| Net charge-offs (annualized) | 0.00% (p51 of band) | |
| Reserve coverage of noncurrent | 18.40% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 6.00% (p9 of band) | |
| Auto loans | $26,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -10.8% | |
| Employees | 57 | |

## Flags firing in the latest filing

- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | capital falling |  |
| 2012-06 | 1 |  | capital falling |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | uninsured deposits leaving |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 1 |  | uninsured deposits leaving |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 2 | deposits shrinking |  |
| 2015-09 | 1 |  | deposits shrinking |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 2 | deposits shrinking |  |
| 2018-06 | 3 | loans exceed deposits |  |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 2 |  | deposits shrinking |
| 2019-12 | 3 | capital falling, uninsured deposits leaving | loans exceed deposits |
| 2020-03 | 1 |  | capital falling, uninsured deposits leaving |
| 2020-06 | 1 |  |  |
| 2020-09 | 2 | capital falling |  |
| 2020-12 | 1 |  | capital falling |
| 2021-03 | 3 | NIM <2.5%, uninsured deposits leaving |  |
| 2021-06 | 3 | expense ratio p90 | uninsured deposits leaving |
| 2021-09 | 3 | noncurrent p90 | expense ratio p90 |
| 2021-12 | 3 |  |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 5 | assets shrinking, uninsured deposits leaving |  |
| 2022-09 | 4 | deposits shrinking | NIM <2.5%, uninsured deposits leaving |
| 2022-12 | 2 |  | assets shrinking, deposits shrinking |
| 2023-03 | 3 | deposits shrinking, uninsured deposits leaving | noncurrent p90 |
| 2023-06 | 3 | noncurrent p90 | uninsured deposits leaving |
| 2023-09 | 4 | wholesale funding >15% |  |
| 2023-12 | 3 |  | wholesale funding >15% |
| 2024-03 | 2 |  | deposits shrinking |
| 2024-06 | 3 | capital falling |  |
| 2024-09 | 2 |  | capital falling |
| 2024-12 | 3 | deposits shrinking |  |
| 2025-03 | 4 | assets shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-05-06 [Latora, Bahl Desai and Chae join Ion Bank’s New Jersey commercial lending team - ROI-NJ](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOdWRpSUZqdXdVT3VJNE1LRGNlN2h3Z3ZCYkh2bGl4Z1BDR3NHcXNLbGllcmxiTkwyQkdvUk9vWGNIYVNwaENKZERrVlNnRnJsZW5BYTlFSWZtTnlJSkNNd2lWSUNfNVRrSUN6aDN2eHFlVHhYd0tzeGwzNEFYUFJsTmcwWG1VOVlSRHlKNUZFeDlaZTZmaUU1YTIxS2JMUWJCY1hza2FET2dvT2FrcHAya00ySHhIT2d1STJB?oc=5) · ROI-NJ
- 2024-12-26 [Naugatuck-based Ion Bank’s merger with a New Jersey bank receives state approval - hartfordbusiness.com](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQQVdYTmo1NFRlREJ0UHNQdzJ1cmFlZENnZEJhMzJScEV2cnF4VE1sREwtZ29wY1p4NWRmaXNvN3lid293dnBwUmNuNjl3U1pWSlc1ZEtBaFpLSE1HZVVtNUtDYV81M3dKNVlYd1N5eGU4VUswdkxDQWp0eC1GZ0JoZ04wU0NxT0hPLWNYTGpOdEExcFNaUWNSNFREVzM5UmpmMTBpLXpnS25wcXFtdmExZGFGMzFBcE5l?oc=5) · hartfordbusiness.com
- 2024-07-23 [Connecticut-based Ion Bank asks regulators to approve NJ bank acquisition - ctinsider.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNNlF5MnRzVnJ6UnJwdm5UOEdzMVpfU2tFN2VMdUh6R3dUUE94dnV3RnZjTGRYd0s2NzJod1RDekhPVlFBd0w3S2JBa25fQUg1bzBhQWtnVS1TX08xVy0zMXdYakJXMlI0S2VQaU1lS3htV2d1MW4zYXJ4ai1wZjdpWkNnc0JhT1RXSkxDNk5pazhEaWpnZmk4UGw0dmNUOHoyY3RNanFIcjY?oc=5) · ctinsider.com
- 2019-10-18 [NVE Bank Fall Fest helps shred sensitive documents - thepressgroup.net](https://news.google.com/rss/articles/CBMigwFBVV95cUxQYWFoUlBwNTNJSDJVQ01ZLTNSOTEyckhPX3o5aEFUWjBQVTkwNVFOX2tlOWhFR0U4c29Bb2E0RFI5eEU3VkY0Z3ktNVhveDQ2NkVYTE1CRGR6SERfNDAwVEphOG1FRTQ2Um5hd0ZnMC00TVg5c1RMdUtFS3BMSERrX2lSQQ?oc=5) · thepressgroup.net
- 2016-04-07 [NVE Bank appoints John Nowicki to VP/senior credit underwriter - Bergen Record](https://news.google.com/rss/articles/CBMi1AFBVV95cUxQWWtaakF4MHRJMUFPYjljcFk2WVNZZThxbFJVWDdiN1dFbGZvSnV6el96TjUxTDFMbVNzckE0ZHBCcV9SaXNGc0xzY3Bld191Y0l1Sld3ZkNTb3JSbThrY3ViSWo4RVE0dURfaGxEemdlWFo5UFZvMzR6WlI5Y1QzWXl1SldaWFFjbGxrZkY1Z3YtQVg1cExsZTR1TktQTjZiQmpSQmdHX19YUGVGNVFEdlBZbVZiNE5sS0RMWHBKUm1fUEx1SU5tUjlwenl0RFdaM08yXw?oc=5) · Bergen Record
- 2026-06-18 [Ion Bank targets Boston-area market in proposed merger - hartfordbusiness.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxOaGU2bGltc2stOGtVSVZLdmVQdGdndGYzSVJMX1I4dkJhTjhJOGgtNnR5OFBiRm0xRkdzYjJaS2FDZUJhblF5eWlhOUlGWENMakxCb1BBY3dUZzBVZVdiRlZRWnRGXzhldkw4NVhDek5raGFaaDZjZ05fZjhoLVhyclhyN1A3cFUtM0JRbDZ1eWVmcEpxQ01F?oc=5) · hartfordbusiness.com
- 2013-10-10 [Lakeland Bank appoints new officers - www.advertisernewssouth.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxNQWRuclJQb0hqRnMzTHRVdXB2bHJ5d2p6ZTdNLW9zdnB6Znk2OXJmV1BfekdxMUxtOXZRTG5FNFNOR1I0ck03SFlMLTJUQW1JdURjYnFyRm5NRTltQTdqa1VsQ3dYeUtadFFMckZBaDNseGc5bzJFc2tmdHIzR28tQklSaUo2VEZrVGd3YmtGcWU4R0tSSlNMY2dTTkRPOVIxYUpsQTJsLVlUYll1WlE?oc=5) · www.advertisernewssouth.com
- 2017-10-18 [2 Suspected in Pa. Bank Heist While Dressed as Nuns - NBC10 Philadelphia](https://news.google.com/rss/articles/CBMixAFBVV95cUxQNEtHTEk0VjhwUnQwUjhzREpkU1Q2REdGMUtvckwzMjhscElERUptRWp4TEhTTnZBZ19Mcm1KaF9NZTFTd2E4aGdqaExSZVdlRmtSYTdJQjNjcnQ0WUdJTEgtZ1E1VDNWRDF0SzNQR1BwcmhsS3hINzlvZi1BUjl2S3V2RUZ4ajZzeTQ5cThLUF9abEpaNHZaang2amtKMEwyMkZSWGpLb0hKaFBQZFo3Yjg0MXhhTldtRm5ZWkxGejVRNUdw0gHMAUFVX3lxTE11R0lKM3RyLWpQS2lxczJDQ1pVV3czM3BUNVdZR3Q0VDl1ODFVMTh6UTBfVUZQdk0wbmp2bmZYOGxJUTk3ajZxSmcxeEdJeVpvSkMzajQ3VXV4aEk0WnEwOUJqaGh1dHhSZUtON2I2OWRVa3JwQ01BSjRRSjBKS0o0U2ZPVkstVlpabWUtRHIzb1VDSjRNRUxEQ3U3aGZ0UWREV2FveE1EM01vNTItQnp2TjRVTVR4SEpmdHQwYXktYl9xN1hzRWt1MV9lRA?oc=5) · NBC10 Philadelphia

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29875 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/51.json (key "29875", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide