🏦Bank Scorer

SPENCER SAVINGS BANK, SLA

ELMWOOD PARK, NJ · Supervised by FDIC

Est. 1939FDIC #30,076RSSD: FDIC-30076
Outstanding Up

Current rating · Exam: January 2023

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 0.62%

Institution Profile

FDIC BankFind

Address

611 River Dr, ELMWOOD PARK, NJ

County

Bergen County

Established

September 19, 1939

Total Assets

$4.0B(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

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

January 1, 2023

Exam Type

Large Bank

Regulator

FDIC
What is a CRA rating? →
Estimated next exam:Jan 2027(based on asset size)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$4.0B

Total Deposits

$3.1B

Net Loans

$3.2B

Net Income

$6M

ROA

0.62%

ROE

5.34%

Risk-Based Capital

17.80%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

Mortgage Denial Rate15.02%Peer avg: 9.91%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Branch Footprint

FDIC SOD 2025

Total Branches

28

Branch Deposits

$3.1B

1-Year Change

0

5-year net change: +7 branches

Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
202429359.73%15.02%
202343657.8%22.48%
202270766.62%11.32%
202175264.76%13.03%
202071357.5%13.32%
201967970.1%13.25%
201875471.09%15.52%

2024 national avg denial rate: 23.75% · Community bank avg: 9.91% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

↑ Improving

Based on last 3 exams

3 previous ratings locked — dating back to 2014

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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