TellerScore

Spencer Savings Bank, SLA is a savings association headquartered in Elmwood Park, New Jersey, in business for about 87 years. At the end of Q2 2026 it reported $4.0B in total assets and $3.0B in deposits, with 28 offices.

Based on its Q2 2026 filing, Spencer Savings Bank, SLA scores 61/100, which we describe as moderate. That is higher than only 24% of 897 banks with $1 billion – $10 billion. Among 50 banks headquartered in New Jersey, it ranks 32nd. Its strongest component is problem-loan coverage (93/100; 3.7%), and its lowest is funding & liquidity (23/100; 107% loans-to-deposits, 42% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion62/100
Tier 1 leverage ratio: 11.23%
Loan quality81/100
Noncurrent loans ÷ total loans: 0.58%
Earnings45/100
Return on assets (annualized): 0.63%
Funding & liquidity23/100
Loans ÷ deposits and uninsured-deposit share: 107.4% · 41.6% uninsured
Problem-loan coverage93/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 3.75%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 3 points (58 → 61), mostly because the funding & liquidity component weakened by 7 points.

TellerScore
586061Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202460
Q3 202461
Q4 202460
Q1 202559
Q2 202558
Q3 202558
Q4 202559
Q1 202661
Q2 202661
Tier 1 leverage ratio
5.00%8.12%11.23%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202410.71%
Q3 202410.69%
Q4 202410.58%
Q1 202510.48%
Q2 202510.76%
Q3 202510.94%
Q4 202510.96%
Q1 202611.11%
Q2 202611.23%
Noncurrent loans
0.22%0.44%0.66%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.24%
Q3 20240.22%
Q4 20240.28%
Q1 20250.48%
Q2 20250.66%
Q3 20250.66%
Q4 20250.58%
Q1 20260.52%
Q2 20260.58%
Return on assets
0.33%0.48%0.63%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.38%
Q3 20240.34%
Q4 20240.33%
Q1 20250.42%
Q2 20250.46%
Q3 20250.45%
Q4 20250.44%
Q1 20260.62%
Q2 20260.63%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202661$4.0B11.23%0.58%0.63%107.4%
Q1 202661$4.0B11.11%0.52%0.62%104.3%
Q4 202559$4.0B10.96%0.58%0.44%102.6%
Q3 202558$4.0B10.94%0.66%0.45%104.6%
Q2 202558$4.0B10.76%0.66%0.46%102.4%
Q1 202559$4.1B10.48%0.48%0.42%100.1%
Q4 202460$4.0B10.58%0.28%0.33%102.6%
Q3 202461$4.0B10.69%0.22%0.34%105.3%
Q2 202460$3.9B10.71%0.24%0.38%111.6%

897 peers · $1 billion – $10 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio11.23%
65th
Total risk-based capital17.86%
86th
Problem loans0.58%
45th
Net charge-offs0.02%
57th
Return on assets0.63%
12th
Net interest margin2.84%
10th
Efficiency ratio66.7%
28th
Loans to deposits107.4%
5th
Uninsured deposits41.6%
22nd
Loan-loss reserves0.84%
17th
Texas ratio3.7%
48th

Similar-size banks in New Jersey

InstitutionScoreAssetsCapitalProblem loansCompare
First BankBank Hamilton, NJ59 out of 100, Moderate$4.1B10.2%0.86%vs
Sumitomo Mitsui Trust Bank (U.S.A.) LimitedBank Hoboken, NJ85 out of 100, Very strong$3.9B12.7%0.00%vs
Manasquan BankBank Manasquan, NJ59 out of 100, Moderate$3.6B9.7%0.64%vs
Unity BankBank Clinton, NJ69 out of 100, Moderate$3.2B12.9%1.23%vs
Amboy BankBank Old Bridge, NJ80 out of 100, Strong$3.1B12.2%0.30%vs
BCB Community BankBank Bayonne, NJ28 out of 100, Low$3.1B10.4%2.85%vs

Deposit insurance

Is my money safe at Spencer Savings Bank, SLA?

Yes. Spencer Savings Bank, SLA is an FDIC-insured institution (FDIC certificate #30076). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 41.6% of deposits ($1.3B) are above the $250,000 FDIC insurance limit, above the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 11.23%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 17.86% (benchmark: 10%).

Check how much of your own balance is covered

28 locations

Branches

Spencer Savings Bank, SLA lists 28 offices in 24 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Spencer Savings Bank, SLA reported 289 home-loan applications under HMDA (LEI 7G95BGMCIZTO8KTOM640): 207 originated ($249,915,000 total), 47 denied, and 28 withdrawn or closed by the applicant. Its denial rate on decided applications was 18.0%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Spencer Savings Bank, SLA
Former names
Spencer Savings and Loan Association
Type
Savings association
FDIC certificate #
30076
RSSD ID
845573
Primary regulator
FDIC
Established
September 19, 1939
Headquarters
611 River Dr, Elmwood Park, NJ 07407
Employees
328

Quick answers

Spencer Savings Bank, SLA: common questions

Is Spencer Savings Bank, SLA FDIC insured?

Yes. Spencer Savings Bank, SLA is an FDIC-insured institution (FDIC certificate #30076). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Spencer Savings Bank, SLA's TellerScore?

61 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Spencer Savings Bank, SLA ever failed?

There is no failure record for FDIC certificate #30076 in the FDIC failed bank list.

How many branches does Spencer Savings Bank, SLA have?

28 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Elmwood Park

InstitutionScoreAssetsCapitalProblem loansCompare
The Bank of New York Mellon Trust Company, National AssociationBank Los Angeles, CA100 out of 100, Very strong$1.4B63.5%0.00%vs
Wakefern Federal Credit UnionCredit union Elizabeth, NJ99 out of 100, Very strong$12.0M24.3%0.13%vs
Scf Westchester N. Y. Employees Federal Credit UnionCredit union White Plains, NY93 out of 100, Very strong$1.5M23.8%0.18%vs
B.S. and C.P. Hospitals Employees Federal Credit UnionCredit union Bronx, NY93 out of 100, Very strong$1.0M34.2%0.00%vs
Paul Quinn Federal Credit UnionCredit union Jamaica, NY93 out of 100, Very strong$358K26.1%0.00%vs
NorthEast Community BankBank White Plains, NY90 out of 100, Very strong$2.1B17.3%0.00%vs