This institution is no longer active

Operations ceased on May 20, 2005. CRA examination history below reflects the period it was active.

RED OAK BANK

HANOVER TOWNSHIP, NJ · Supervised by FDIC

Est. 1999FDIC #34,974RSSD: FDIC-34974

Satisfactory

Current rating · Exam: September 2001

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.47%

Institution Profile

FDIC BankFind

Address

190 Park Avenue, HANOVER TOWNSHIP, NJ

County

Morris County

Established

April 19, 1999

Total Assets

$96M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

September 1, 2001

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 24 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2005Call Report / FDIC

Total Assets

$96M

Total Deposits

$70M

Net Loans

$87M

Net Income

$111K

ROA

0.47%

ROE

3.58%

Risk-Based Capital

15.98%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

This is the only examination on record for this bank.

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