Spencer Savings Bank, Savings and Loan Association
Also written as SSB
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Data as of · sourced from FFIEC call reports. How we update
Spencer Savings Bank, Savings and Loan Association is an FDIC-insured savings and loan association headquartered in Elmwood Park, NJ, established in 1939 (FDIC certificate 30076), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $4.04B, up 1.4% from Q2 2025, the 10th largest of 49 banks headquartered in New Jersey. Its CET1 capital ratio was 16.80% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings and loan association
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 30076
- Headquarters
- Elmwood Park, NJ
- Established
- 1939
- Total assets, Q2 2026
- $4.04B
- Assets vs Q2 2025
- +1.4%
- CET1 ratio, Q2 2026
- 16.80%
- Domestic offices
- 28 FDIC institution directory, current count
- Routing number
- 221271951
- Latest call report
- Q2 2026, FFIEC 041 · Spencer Savings Bank, Savings and Loan Association call report
- Asset rank in state
- 10th of 49 in New Jersey
Spencer Savings Bank, Savings and Loan Association, based in Elmwood Park, New Jersey, reported $4.0 billion in assets at June 30, 2026, up 1.4% from a year earlier. It returns 5.5% a year on shareholders' equity, about half the median of 12.7% for the 880 banks with $1 billion to $10 billion in assets. It also keeps 2.82 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 banks its size (median 3.71 cents).
Net income for the quarter rose 29% from a year earlier, to $6.5 million. Its $708 million non-owner-occupied commercial real estate book is improving, with 0.13% past due or on nonaccrual, down from 1.46% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 4.8 times its capital, about double the median of 2.2 times for banks its size.
As of June 30, 2026, Spencer Savings Bank, Savings and Loan Association reported a CET1 capital ratio of 16.80%, a return on assets of 0.64%, a nonperforming-loan ratio of 0.58% and a Texas ratio of 4.02%. The figures come from its call report filed with the FFIEC.
Of the 49 banks headquartered in New Jersey, Spencer Savings Bank, Savings and Loan Association is the 10th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 0.3% to $4.04B, loans rose 0.4% and deposits fell 2.4%. Multifamily loans made up 45.3% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 21.5%. Its 28 offices in the FDIC Summary of Deposits are in 24 cities in NJ; its Garfield 2 offices book 16% of its branch deposits. By the capital ratios in its Q2 2026 call report, Spencer Savings Bank, Savings and Loan Association meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 611 River Dr, Elmwood Park, NJ 07407
- County
- Bergen
- Metro Area
- New York-Newark-Jersey City, NY-NJ
- Charter
- State-chartered stock savings and loan association, FDIC-supervised (pre-2011 OTS)
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- September 19, 1939
- Former names
- Spencer Savings Bank, SLA (1988)
- Domestic offices
- 28 FDIC institution directory, current count
- Employees (FTE)
- 328
- Domestic deposits
- $3.04B
- Allowance for credit losses
- $27.6M
- Net charge-offs (YTD)
- $338K
- Average total assets
- $4.06B
- Average total loans
- $3.28B
- Average interest-bearing deposits
- $2.40B
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 30076
- Fed RSSD
- 845573
- Website
- www.spencersavings.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Spencer Savings Bank, Savings and Loan Association's total assets ran between $3.86B (Q3 2023) and $4.06B (Q1 2025), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$4.04B total assets against $3.98B; $3.56B total liabilities against $3.53B.
$3.26B net loans and leases against $3.16B; $3.04B total deposits against $3.09B.
$471.2M securities against $515.0M; $36.8M cash and balances due against $54.3M.
$48.3M total interest income against $46.8M; $21.3M total interest expense against $23.6M.
$27.0M net interest income against $23.3M.
$1.8M total noninterest income against $1.6M; $19.2M total noninterest expense against $18.5M.
$0 provision for credit losses against $0.
$6.5M net income against $5.1M.
0.64% return on assets against 0.50%; 2.82% net interest margin against 2.44%.
16.80% CET1 capital ratio against 16.52%; 11.23% tier 1 leverage ratio against 10.76%.
Inside the full Spencer Savings Bank, Savings and Loan Association 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Spencer Savings Bank, Savings and Loan Association rankings
Its closest position to the top of a national ranking is 324 of 4,196, for total assets; its furthest is 3,092 of 3,611, for ROA.
Metric pages for Spencer Savings Bank, Savings and Loan Association: Uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.26% (Q3 2024) to 0.64% (Q2 2026) and its net interest margin ran from 2.03% (Q3 2024) to 2.82% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.80% | 0.64% | 0.58% | 4.02% | 2.82% |
| Q1 2026 | 16.73% | 0.62% | 0.52% | 3.67% | 2.77% |
| Q4 2025 | 16.68% | 0.43% | 0.58% | 4.08% | 2.60% |
| Q3 2025 | 16.59% | 0.42% | 0.66% | 4.68% | 2.43% |
| Q2 2025 | 16.52% | 0.50% | 0.66% | 4.70% | 2.44% |
| Q1 2025 | 16.31% | 0.42% | 0.48% | 3.47% | 2.17% |
| Q4 2024 | 16.01% | 0.31% | 0.28% | 2.06% | 2.03% |
| Q3 2024 | 15.41% | 0.26% | 0.22% | 1.59% | 2.03% |
Swipe the table sideways to see every column.
Branch Network
View all 28 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 |
|---|---|---|---|
| Outwater Ln Branch | Garfield , NJ | 07026 | $441.9M |
| Elmwood Park Branch | Elmwood Park , NJ | 07407 | $200.2M |
| 219 Maple Ave Branch | Wallington , NJ | 07057 | $192.4M |
| Union Financial Center Branch Office | Union , NJ | 07083 | $162.2M |
| 140 Market Street Branch | Saddle Brook , NJ | 07663 | $155.7M |
| Nutley Branch | Nutley , NJ | 07110 | $144.8M |
| 107 South Main Street Branch | Lodi , NJ | 07644 | $129.4M |
| 437 Piaget Ave Branch | Clifton , NJ | 07011 | $121.4M |
| 487 Market St Branch | Saddle Brook , NJ | 07663 | $112.4M |
| Cranford Branch | Cranford , NJ | 07016 | $112.1M |
| Parsippany Branch | Parsippany , NJ | 07054 | $111.9M |
| Town Centre Branch | Cliffside Park , NJ | 07010 | $110.7M |
| Van Houten Ave Branch | Clifton , NJ | 07013 | $108.4M |
| 618 Bayway Ave Branch | Elizabeth , NJ | 07202 | $103.6M |
| Hamburg Turnpike Branch | Wayne , NJ | 07470 | $101.3M |
| Wood Ridge Branch | Wood Ridge , NJ | 07075 | $80.8M |
| West Caldwell Financial Center Branch | West Caldwell , NJ | 07006 | $78.2M |
| Ewing Branch | Ewing , NJ | 08638 | $69.0M |
| Westfield Branch | Westfield , NJ | 07090 | $67.2M |
| Paramus Branch | Paramus , NJ | 07652 | $64.2M |
| Lyndhurst Branch | Lyndhurst , NJ | 07071 | $63.2M |
| Hackensack Branch | Hackensack , NJ | 07601 | $61.4M |
| Edison Financial Center Branch | Edison , NJ | 08820 | $58.5M |
| 104 Passaic St Branch | Garfield , NJ | 07026 | $51.3M |
| Dumont Branch | Dumont , NJ | 07628 | $50.0M |
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 |
|---|---|---|---|
| November 18, 2021 | Structure Change | Acquired Mariner's Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 17, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 27, 2018 | Structure Change | Acquired Wawel Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 26, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 31, 1988 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 1, 1988 | Structure Change | Acquired Elmora Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (OCC (former OTS)); 4 against individuals associated with it
- November 28, 2001, OCC (former OTS): Supervisory Agreement: Spencer SB, SLA
- April 16, 1992, OCC (former OTS): Supervisory Agreement: Spencer Savings Bank, SLA
- Period: Most recent institution action November 28, 2001. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.7% of deposits in NJ, rank 23 of 96 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 330 applications, 207 loans originated, $249.9M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- SBA 7(a) lending, 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 Spencer Savings Bank, Savings and Loan Association
What are Spencer Savings Bank, Savings and Loan Association's total assets?
As of the Q2 2026 filing, Spencer Savings Bank, Savings and Loan Association reported total assets of $4.04 billion in its FFIEC call report.
Where is Spencer Savings Bank, Savings and Loan Association headquartered?
It is headquartered in Elmwood Park, NJ, United States.
When was Spencer Savings Bank, Savings and Loan Association founded?
It was established in 1939, per the FDIC institution directory.
Is Spencer Savings Bank, Savings and Loan Association FDIC-insured?
Yes. It is an FDIC-insured savings and loan association (FDIC Certificate #30076). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Spencer Savings Bank, Savings and Loan Association?
Spencer Savings Bank, Savings and Loan Association's primary federal regulator is the FDIC.
What is Spencer Savings Bank, Savings and Loan Association's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 16.80% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Spencer Savings Bank, Savings and Loan Association operate?
It operates 28 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Spencer Savings Bank, Savings and Loan Association's Texas Ratio?
Its Texas Ratio is 4.02% in its Q2 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 non-performing assets against the bank's capital and reserves.
What was Spencer Savings Bank, Savings and Loan Association previously called?
The charter now named Spencer Savings Bank, Savings and Loan Association has also operated as Spencer Savings Bank, SLA (1988), per FDIC structure-change records.
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