Somerset Regal Bank
Somerset Regal Bank is an FDIC-insured commercial bank headquartered in Bound Brook, NJ, supervised by the FDIC, with $1.22B in total assets at Q3 2026, up 9.6% from Q3 2025, the 21st largest of 49 banks headquartered in New Jersey. It was established in 1887 and holds FDIC certificate 28778. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.46% at Q3 2026, above the 8% community bank leverage ratio requirement for being considered well capitalized.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 28778
- Headquarters
- Bound Brook, NJ
- Established
- 1887
- Total assets, Q3 2026
- $1.22B
- Assets vs Q3 2025
- +9.6%
- Tier 1 leverage ratio, Q3 2026
- 13.46%
- Domestic offices
- 14 branches
- Routing number
- 221270211
- Safety and soundness
- Is Somerset Regal Bank safe?
- Latest call report
- Q3 2026, FFIEC 051 · Somerset Regal Bank call report
- Holding company
- SR BANCORP, INC.
- Asset rank in state
- 21st of 49 in New Jersey
Somerset Regal Bank spends more to run itself than most banks of its size. Its balance sheet stood at $1.2 billion at September 30, 2026, up 9.6% from a year earlier; it is based in Bound Brook, New Jersey. It earns about $0.39 a year on every $100 of assets, about a third the median of $1.32 for the 887 banks with $1 billion to $10 billion in assets. It also spends about 78 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 57 cents).
Earnings jumped: net income for the quarter was $1.1 million, 57% above the same quarter a year earlier. Its margin is thin by comparison: it keeps 3.04 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.80 cents).
As of September 30, 2026, Somerset Regal Bank reported a return on assets of 0.39%, a nonperforming-loan ratio of 0.01% and a Texas ratio of 0.06%. The figures come from its call report filed with the FFIEC.
Of the 49 banks headquartered in New Jersey, Somerset Regal Bank is the 21st largest by total assets at Q3 2026. From Q2 2026 to Q3 2026, its total assets rose 2.3% to $1.22B, loans rose 5.1% and deposits rose 5.9%. Its loan book on September 30, 2026 was led by 1-4 family residential loans, at 53.3% of total loans, followed by multifamily loans at 29.8%. Its 14 offices in the FDIC Summary of Deposits are in 14 cities in NJ; its Livingston office books 23% of its branch deposits. Judged on its Q3 2026 call report, Somerset Regal Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 220 W Union Ave, Bound Brook, NJ 08805
- County
- Somerset
- Metro Area
- New York-Newark-Jersey City, NY-NJ
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- 1887
- Former names
- Somerset Savings Bank, SLA (1988-2023)
- Domestic offices
- 14 branches
- Employees (FTE)
- 116
- Domestic deposits
- $979.2M
- Allowance for credit losses
- $6.1M
- Net charge-offs (YTD)
- $0
- Average total assets
- $1.18B
- Average total loans
- $917.8M
- Average interest-bearing deposits
- $830.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28778
- Fed RSSD
- 159971
- SEC CIK
- 1951276 → filed by SR BANCORP, INC.
- Website
- www.somersetregalbank.com →
- Parent Holding Company
- SR BANCORP, INC. (RSSD 5805657) · SRBK
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Christopher J Pribula | CEO | President and CEO |
| David M Orbach | CHR | Executive Chair |
| Harris M Faqueri | CFO | SVP and CFO |
| Neil C Viotto | COO | EVP and COO |
Asset Quality
Balance Sheet
Income Statement
Operating & Funding
Watch Somerset Regal Bank: get a note when its numbers change. Free, no card required.
Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. As a community bank leverage ratio filer, Somerset Regal Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q3 2026, Somerset Regal Bank's total assets ran between $1.02B (Q2 2024) and $1.22B (Q3 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$1.22B total assets against $1.11B; $1.04B total liabilities against $920.3M.
$947.4M net loans and leases against $826.4M; $979.2M total deposits against $872.2M.
$122.7M securities against $138.3M; $60.2M cash and balances due against $58.3M.
$13.7M total interest income against $11.9M; $5.4M total interest expense against $4.3M.
$8.3M net interest income against $7.6M.
$607K total noninterest income against $568K; $7.2M total noninterest expense against $7.0M.
$178K provision for credit losses against $177K.
$1.1M net income against $727K.
0.39% return on assets against 0.27%; 3.04% net interest margin against 3.06%.
13.46% tier 1 leverage ratio against 15.50%.
Inside the full Somerset Regal Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital. The 200% line is a BankRegReports watch band, not a supervisory threshold; the 2006 interagency guidance level is 300%. BankRegReports early-warning band below the 300% guidance.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Somerset Regal Bank rankings
Its closest position to the top of a national ranking is 891 of 4,193, for total assets; its furthest is 3,325 of 3,627, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q3 2026, its return on assets ran from 0.18% (Q1 2025) to 0.78% (Q2 2025) and its net interest margin ran from 2.93% (Q1 2025) to 3.07% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 13.46% | 0.39% | 0.01% | 0.06% | 3.04% |
| Q2 2026 | 13.81% | 0.35% | 0.00% | 0.00% | 3.06% |
| Q1 2026 | 14.26% | 0.34% | 0.02% | 0.11% | 3.01% |
| Q4 2025 | 14.85% | 0.33% | 0.02% | 0.11% | 3.07% |
| Q3 2025 | 15.50% | 0.27% | 0.00% | 0.00% | 3.06% |
| Q2 2025 | 15.51% | 0.78% | 0.00% | 0.00% | 3.02% |
| Q1 2025 | 15.86% | 0.18% | 0.00% | 0.00% | 2.93% |
| Q4 2024 | 15.88% | 0.38% | 0.00% | 0.00% | 2.99% |
Swipe the table sideways to see every column.
Branch Network
View all 14 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Mount Pleasant Avenue Branch Office | Livingston , NJ | 07039 | $210.8M |
| Somerset Regal Bank (main office) | Bound Brook , NJ | 08805 | $125.6M |
| Flemington | Flemington , NJ | 08822 | $83.7M |
| Franklin Township Branch | Somerset , NJ | 08873 | $76.8M |
| Middlesex | Middlesex , NJ | 08846 | $66.2M |
| Raritan | Raritan , NJ | 08869 | $64.1M |
| Manville Branch | Manville , NJ | 08835 | $59.5M |
| Whitehouse Branch | Whitehouse Station , NJ | 08889 | $55.0M |
| Somerville | Somerville , NJ | 08876 | $53.5M |
| West Orange Branch | West Orange , NJ | 07052 | $38.2M |
| Springfield Branch | Springfield , NJ | 07081 | $31.9M |
| Florham Park Branch | Florham Park , NJ | 07932 | $27.6M |
| Roseland Branch | Roseland , NJ | 07068 | $17.9M |
| Millburn Branch | Millburn , NJ | 07041 | $14.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 20, 2023 | Structure Change | Acquired Regal Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 19, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in NJ, rank 40 of 96 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 242 applications, 201 loans originated, $118.1M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $365K approved, $365K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Somerset Regal Bank
What are Somerset Regal Bank's total assets?
As of the Q3 2026 filing, Somerset Regal Bank reported total assets of $1.22 billion in its FFIEC call report.
Where is Somerset Regal Bank headquartered?
It is headquartered in Bound Brook, NJ, United States.
When was Somerset Regal Bank founded?
It was established in 1887, per the FDIC institution directory.
Is Somerset Regal Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #28778). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Somerset Regal Bank?
Somerset Regal Bank's primary federal regulator is the FDIC.
How many branches does Somerset Regal Bank operate?
It operates 14 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Somerset Regal Bank's Texas Ratio?
Its Texas Ratio is 0.06% in its Q3 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures nonperforming assets against the bank's capital and reserves.
What was Somerset Regal Bank previously called?
The charter now named Somerset Regal Bank has also operated as Somerset Savings Bank, SLA (1988-2023), per FDIC structure-change records.
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