Asset Quality ranking · New Jersey · Call report data as of September 30, 2026
New Jersey Banks: Highest Multifamily Delinquency
Manasquan Bank has the highest multifamily noncurrent rate of the 25 ranked banks headquartered in New Jersey, at 4.97% as of September 30, 2026. The median among the 25 ranked New Jersey banks is 0.05%, against 0.00% for all US banks.
This list ranks New Jersey banks by multifamily noncurrent rate. For the largest banks headquartered in New Jersey, see largest banks in New Jersey.
- No. 1 in New Jersey
- Manasquan Bank
- Its Multifamily noncurrent
- 4.97%
- New Jersey median
- 0.05%
- Banks ranked
- 25
Ranked among banks headquartered in New Jersey, numbered 1 to 25 within the state from the same population as the national list. Browse every bank in the New Jersey bank directory.
Top 25 New Jersey banks by multifamily noncurrent rate
Highest first. Select a column heading to sort. The gap column shows each bank's distance from the New Jersey median of 0.05%. Missing values show as a dash and sort last.
| 1 | Manasquan Bank Wall Township, NJ | 4.97% | $3.68B $1B to $10B |
| 2 | Cross River Bank Fort Lee, NJ | 3.63% | $9.01B $1B to $10B |
| 3 | Peapack Private Bank and Trust Bedminster, NJ | 2.13% | $8.49B $1B to $10B |
| 4 | OceanFirst Bank, N.A. Toms River, NJ | 1.93% | $23.28B $10B to $100B |
| 5 | Kearny Bank Fairfield, NJ | 1.67% | $7.77B $1B to $10B |
| 6 | ConnectOne Bank Englewood Cliffs, NJ | 1.34% | $14.77B $10B to $100B |
| 7 | Haven Savings Bank Hoboken, NJ | 1.28% | $972.8M $100M to $1B |
| 8 | Spencer Savings Bank, Savings and Loan Association Elmwood Park, NJ | 0.89% | $4.09B $1B to $10B |
| 9 | Valley National Bank Passaic, NJ | 0.84% | $67.37B $10B to $100B |
| 10 | Ascendia Bank Glen Rock, NJ | 0.38% | $404.7M $100M to $1B |
| 11 | Columbia Bank Fair Lawn, NJ | 0.36% | $17.56B $10B to $100B |
| 12 | BCB Community Bank Bayonne, NJ | 0.10% | $3.02B $1B to $10B |
| 13 | Provident Bank Jersey City, NJ | 0.05% | $25.81B $10B to $100B |
| 14 | First Bank Hamilton, NJ | 0.00% | $4.05B $1B to $10B |
| 15 | Unity Bank Clinton, NJ | 0.00% | $3.21B $1B to $10B |
| 16 | Amboy Bank Old Bridge, NJ | 0.00% | $3.10B $1B to $10B |
| 17 | Parke Bank Sewell, NJ | 0.00% | $2.33B $1B to $10B |
| 18 | The Bank of Princeton Princeton, NJ | 0.00% | $2.31B $1B to $10B |
| 19 | First Commerce Bank Lakewood, NJ | 0.00% | $1.98B $1B to $10B |
| 20 | Somerset Regal Bank Bound Brook, NJ | 0.00% | $1.22B $1B to $10B |
| 21 | Magyar Bank New Brunswick, NJ | 0.00% | $1.09B $1B to $10B |
| 22 | Hana Bank USA, N.A. Fort Lee, NJ | 0.00% | $925.5M $100M to $1B |
| 23 | Bogota Savings Bank Teaneck, NJ | 0.00% | $877.5M $100M to $1B |
| 24 | Freedom Bank Maywood, NJ | 0.00% | $854.4M $100M to $1B |
| 25 | First Hope Bank, a National Banking Association Hope, NJ | 0.00% | $671.2M $100M to $1B |
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Definition and formula
The multifamily noncurrent rate is the share of a bank's multifamily loans, mortgages on apartment buildings with five or more units, that are on nonaccrual or 90 or more days past due and still accruing.
Multifamily noncurrent rate = (Multifamily loans on nonaccrual + Multifamily loans 90+ days past due and still accruing) / Multifamily loans
The glossary entry for Multifamily Real Estate Loans explains each term, the call report items behind it and a worked example.
Which banks are ranked
This list ranks the 25 banks headquartered in New Jersey that meet every rule below, using each bank's latest FFIEC call report (data as of September 30, 2026).
- Banks with at least $100M in total assets, so a ratio on a very small balance sheet cannot lead the list.
- Banks with at least $25M in multifamily loans, so a rate on a few loans cannot lead the list.
- Lending institutions only: charters with loans under 5% of assets, mostly trust and custody banks, are not ranked.
- Charters the regulator has closed, merged or converted are excluded.
- Each bank charter ranks on its own; holding companies are not combined.
What moves the multifamily noncurrent rate
The rate rises when apartment owners cannot cover their debt service, most often when a loan written at a low fixed rate comes up for refinancing at a higher one, or when rent limits or new supply hold rents below rising costs. It falls as the bank restructures, sells or charges off problem loans. Most banks report no noncurrent multifamily loans at all, so a single large building can put a bank near the top of this list; read the rate beside the dollar amounts on the bank's asset quality page.
Frequently asked questions
Which bank in New Jersey has the highest multifamily noncurrent rate?
Manasquan Bank has the highest multifamily noncurrent rate of the 25 ranked banks headquartered in New Jersey, at 4.97% as of September 30, 2026, according to its FFIEC call report. Cross River Bank ranks second at 3.63%. The median is 0.05%.
What is the median multifamily noncurrent rate among ranked US banks?
As of Q3 2026, multifamily noncurrent rate for the middle half of the 1,233 ranked US banks ran from 0.00% to 0.04%, and the median was 0.00%. Compare a bank with peers of the same size and business model rather than with the top of this list. See the Multifamily Real Estate Loans glossary entry.
How is the multifamily noncurrent rate calculated?
Multifamily noncurrent rate = (Multifamily loans on nonaccrual + Multifamily loans 90+ days past due and still accruing) / Multifamily loans. Each bank charter is ranked on its own; holding companies are not combined. See the Multifamily Real Estate Loans glossary entry.
The same ranking in other states
Other New Jersey rankings
More asset quality rankings
Source: FFIEC call reports for the quarter ended September 30, 2026, refreshed as each quarter's filings are processed. See data updates for the current freshness window. Next update: Q4 2026 Call Reports are due February 1, 2027; we expect them on the platform by mid-February 2027.
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