Valley National Bank

Established in 1927

About Valley National Bank

Valley National Bank was established on 1927. The bank's headquarters are located at 615 Main Avenue in Passaic, New Jersey. It has 5 branches.

Valley National Bank is an FDIC insured bank with FDIC number 9396 managing assets to the value of $40,680,097 as of 12/31/2020.

Valley National Bank has a Texas ratio of 3.82%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

3.82%
Texas Ratio
FDIC Certificate #

9396

Active Insured Since #

1/1/1934

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $40,680,097
Equity Capital $4,996,968
Total Deposits $32,065,766
Total Liabilities $35,683,129
Total Securities $3,537,435
Net Loans And Leases $32,178,296
Loan Loss Allowance $340,243
Total Loans And Leases $32,518,539
YTD (as of 12/31/2020)
Return On Assets 1.02%
Return On Equity 8.53%
Total Interest Income $1,383,719
Total Interest Expense $251,038
Total Non Interest Income $183,558
Total Non Interest Expense $643,113

Headquarters

615 Main Avenue 7055, Passaic

Valley National Bank branches near me

226.42 miles
223.51 miles
223.50 miles
220.76 miles
226.97 miles

Total Loans and Leases Statistics

Total Loans and Leases $32,518,539 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Valley National Bank Mortgage Loans Profile

Classic Bank

68.55%

Application Approval Rate

Classic Bank

$529,043

Average Mortgage Loan Amount

Classic Bank

7,220

Number of Loan Applications

Classic Bank

$370,388

Average Income of Applicants with Approved Loans

Classic Bank

1.02%

Average Cost of Loans

Classic Bank

34.59%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Bergen

Number of Loan Applications
690
Average Loan Amount
$312,309
Approval Rate
66.23%
Average Income of Approved Loans’ Applicants
$188,544

2 Suffolk

Number of Loan Applications
476
Average Loan Amount
$496,864
Approval Rate
83.40%
Average Income of Approved Loans’ Applicants
$283,287

3 Passaic

Number of Loan Applications
423
Average Loan Amount
$217,782
Approval Rate
62.88%
Average Income of Approved Loans’ Applicants
$131,377

4 Essex

Number of Loan Applications
421
Average Loan Amount
$280,188
Approval Rate
56.77%
Average Income of Approved Loans’ Applicants
$177,313

5 Morris

Number of Loan Applications
414
Average Loan Amount
$233,144
Approval Rate
70.29%
Average Income of Approved Loans’ Applicants
$174,039

6 Monmouth

Number of Loan Applications
270
Average Loan Amount
$263,710
Approval Rate
68.89%
Average Income of Approved Loans’ Applicants
$226,216

Top States by Number of Mortgage Loan Applications

1 New Jersey

Number of Loan Applications
3,579
Average Loan Amount
$342,065
Approval Rate
66.44%
Average Income of Approved Loans’ Applicants
$209,849

2 New York

Number of Loan Applications
1,713
Average Loan Amount
$820,093
Approval Rate
75.54%
Average Income of Approved Loans’ Applicants
$232,255

3 Florida

Number of Loan Applications
1,514
Average Loan Amount
$523,012
Approval Rate
65.13%
Average Income of Approved Loans’ Applicants
$1,009,627

4 Pennsylvania

Number of Loan Applications
118
Average Loan Amount
$655,843
Approval Rate
70.34%
Average Income of Approved Loans’ Applicants
$259,291

5 Alabama

Number of Loan Applications
116
Average Loan Amount
$173,500
Approval Rate
68.97%
Average Income of Approved Loans’ Applicants
$130,108

6 Connecticut

Number of Loan Applications
31
Average Loan Amount
$938,846
Approval Rate
83.87%
Average Income of Approved Loans’ Applicants
$221,600