Oritani Bank (merged into Valley National Bank)

What sets Oritani Bank apart

Nothing in the latest data sets Oritani Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.

How large is Oritani Bank?

The balance sheet of Oritani Bank at Q3 2019: assets $4.0 bn, deposits $3.0 bn, net loans $3.4 bn (loans equal to 115.33% of deposits). Securities make up 8.8% of total assets at Oritani Bank. Since Q1 2016, when Oritani Bank held $3.6 bn, its assets grew 11.0%. In the year to Q3 2019, deposits at Oritani Bank rose 0.5% while its total assets fell 3.0%. At Q3 2019, Oritani Bank employed 209 full-time equivalent staff across 27 offices, about $19.1 mn of assets per employee and $109.9 mn of deposits per office.

How much funding at Oritani Bank is uninsured?

At Oritani Bank, uninsured deposits (above the FDIC limit) made up 18.51% of domestic deposits at Q3 2019 (+0.67 pp on a year earlier). In dollars, Oritani Bank estimated $549.2 mn of uninsured deposits.

Key facts, Q3 2019

US rank of Oritani Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Oritani Bank stood at 13.98% in Q3 2019, +0.71 pp year on year. Low and high at Oritani Bank since Q1 2016: 12.73% (Q2 2018) to 14.48% (Q1 2016). Equity capital of Oritani Bank at Q3 2019: $496.0 mn, or 12.4% of total assets. Oritani Bank also reported a total capital ratio of 14.79% for Q3 2019, and a tier 1 leverage ratio of 12.37%.

On held-to-maturity securities, Oritani Bank carried an unrealized gain of $3.2 mn at Q3 2019, equal to 0.6% of equity capital. The gain turned from a loss into a gain over the year. Its deepest point: $10.4 mn in Q3 2018. The available-for-sale portfolio of Oritani Bank showed an unrealized loss of $206,000 at Q3 2019; the loss narrowed by $1.1 mn over the year.

For the year to Q3 2019, Oritani Bank earned a return on equity of 10.13%; return on assets: 1.23%. Net interest margin at Oritani Bank: 2.57%, -0.21 pp in a year. Oritani Bank net income: $37.3 mn, down 7.2% year on year. The efficiency ratio of Oritani Bank was 36.67%: about 37 cents cost per revenue dollar, against 59 cents at the median peer.

At Q3 2019, noncurrent loans were 0.18% of total loans at Oritani Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at Oritani Bank: $3.4 bn at Q3 2019, against $3.5 bn at Q3 2018.

The peer group of Oritani Bank is the 6 banks nearest to it by total assets at Q3 2019: 3 larger and 3 smaller. Of the peers, 0 share the charter type of Oritani Bank (state-chartered stock savings bank) and 0 have head offices in New Jersey. Against them, Oritani Bank shows CET1 ratio 13.98% against a peer median of 13.01%, return on equity 10.13% against a peer median of 8.51% and uninsured deposit share 18.51% against a peer median of 21.45%.

The FDIC history of Oritani Bank, oldest first; figures before and after each event are not like for like.

1. 1 December 2019. Merged into Valley National Bank (FDIC certificate 9396).