Investors Bank Mortgage Rates, Fees & Info

Short Hills, NJ

LEI: 5493002VB77GOYB9O402

Tax ID: 22-1368780

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Investors Bank is a small bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Investors Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Philadelphia, Poughkeepsie, Trenton, and Salisbury among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Investors Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Investors Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.83% 12/16/24
    30 Year Conventional Refi 6.16% 12/16/24
    30 Year Cash-out Refi 6.43% 12/16/24
    30 Year FHA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.89% 12/16/24
    15 Year Conventional Refi 5.87% 12/16/24
    15 Year Cash-out Refi 5.87% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Investors Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Investors Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,455

    Origination Dollar Volume (All Markets)

    $2,230,445,000

    Employee count

    1,806

    Awards

    Investors Bank 30 Year Conventional Loans silver Investors Bank 30 Year Conventional Loans bronze
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2,804 $1,671,850,000 $596,238 $4,267 3.19%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 264 $254,820,000 $965,227 $3,950 3.30%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 13 $104,755,000 $8,058,077 $4,865 3.27%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 222 $67,910,000 $305,901 $3,497 3.12%
    SALISBURY, MD-DE (FHA|USDA|VA) 7 $26,825,000 $3,832,143 $3,954 3.73%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 6 $25,770,000 $4,295,000 $4,265 3.67%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 30 $22,520,000 $750,667 $4,889 3.06%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 36 $13,160,000 $365,556 $3,615 3.14%
    OCEAN CITY, NJ (FHA|USDA|VA) 18 $8,610,000 $478,333 $4,766 3.15%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $8,005,000 $8,005,000 $0 3.75%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 18 $6,360,000 $353,333 $3,812 3.35%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $6,110,000 $1,527,500 $4,278 3.38%
    READING, PA (FHA|USDA|VA) 2 $2,990,000 $1,495,000 $4,237 3.40%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $2,395,000 $798,333 $4,331 3.58%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $2,105,000 $701,667 $4,873 3.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $1,265,000 $253,000 $4,740 3.13%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,215,000 $405,000 $3,574 3.29%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $685,000 $228,333 $3,623 3.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $655,000 $218,333 $3,411 3.13%
    KINGSTON, NY (FHA|USDA|VA) 1 $635,000 $635,000 $8,511 3.38%
    Torrington, CT (FHA|USDA|VA) 1 $365,000 $365,000 $4,357 2.88%
    LANCASTER, PA (FHA|USDA|VA) 1 $275,000 $275,000 $4,221 4.25%
    Outside of Metro Areas 2 $270,000 $135,000 $3,607 3.00%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $2,175 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,018 3.25%
    SYRACUSE, NY (FHA|USDA|VA) 1 $155,000 $155,000 $3,195 3.13%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $155,000 $155,000 $5,813 4.38%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,579 2.63%
    Investors Bank's top markets include New York, Philadelphia, Poughkeepsie, Trenton, and Salisbury among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Investors Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    Princeton Federal Credit Union
    Similarity Rank: 450
    N C P D Federal Credit Union
    Similarity Rank: 482
    SIKORSKY FINANCIAL
    Similarity Rank: 520
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    Prudential Bank
    Similarity Rank: 640
    TEG Federal Credit Union
    Similarity Rank: 715

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,206 $2,188,590,000 $682,654 $4,164 3.15%
    HELOC 233 $36,955,000 $158,605 n/a 3.80%
    FHA 16 $4,900,000 $306,250 $9,664 3.78%

    For 2020, Investors Bank's most frequently originated type of loan was Conventional, with 3,206 originations. Their 2nd most popular type was HELOC, with 233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,545 $807,735,000 $522,806 $4,084 3.11%
    Home Purchase 900 $544,260,000 $604,733 $4,478 3.10%
    Cash Out Refi 766 $847,490,000 $1,106,384 $4,373 3.36%
    Home Improvement 137 $19,135,000 $139,672 $347 3.79%
    Other 107 $11,825,000 $110,514 $90 3.25%

    For 2020, Investors Bank's most frequently cited loan purpose was Refi, with 1,545 originations. The 2nd most popular reason was Home Purchase, with 900 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,056 $787,400,000 $382,977 $4,385 3.19%
    15 Year 637 $217,195,000 $340,965 $3,793 2.91%
    Other 397 $606,765,000 $1,528,375 $4,853 3.55%
    20 Year 174 $59,770,000 $343,506 $3,861 3.25%
    10 Year 162 $517,040,000 $3,191,605 $2,856 3.42%
    5 Year 16 $540,000 $33,750 $365 3.75%
    30+ year 12 $7,730,000 $644,167 $4,665 2.85%
    3 Year 1 $34,005,000 $34,005,000 $0 4.75%

    For 2020, Investors Bank's most frequently cited loan duration was 30 Year, with 2,056 originations. The 2nd most popular length was 15 Year, with 637 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,526 $941,730,000 $372,815
    $2k-3k 226 $132,940,000 $588,230
    $<1k 201 $3,275,000 $16,294
    $3k-4k 66 $42,840,000 $649,091
    $5k+ 25 $14,745,000 $589,800
    $4k-5k 23 $16,355,000 $711,087

    Investors Bank's average total fees were $4,385, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,526 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,848 $1,399,970,000 $757,560
    2.5-3% 1,168 $481,350,000 $412,115
    <2.5% 268 $62,640,000 $233,731
    4-5% 163 $245,315,000 $1,505,000
    5-6% 6 $38,690,000 $6,448,333
    6-7% 1 $35,000 $35,000
    Over 8% 1 $2,445,000 $2,445,000

    During 2020, Investors Bank's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 1,848 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,283 $372,885,000 $290,635 $3,987 3.20%
    $400k-600k 679 $329,205,000 $484,838 $4,796 3.17%
    $100k-200k 541 $80,795,000 $149,344 $3,468 3.33%
    $100,000 or less 364 $12,660,000 $34,780 $1,105 2.92%
    $600k-1MM 364 $272,540,000 $748,736 $5,721 3.15%
    $1MM+ 224 $1,162,360,000 $5,189,107 $7,275 3.46%

    2020 saw Investors Bank place emphasis on $200k-400k loans with 1,283 originations, totaling $372,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 877 $347,795,000 $396,574 $4,332 3.17%
    $100k-150k 725 $211,385,000 $291,566 $4,020 3.22%
    $250k+ 697 $438,875,000 $629,663 $5,292 3.15%
    $75k-100k 421 $97,665,000 $231,983 $3,780 3.22%
    $50k-75k 410 $66,910,000 $163,195 $3,275 3.12%
    $50k or less 142 $12,010,000 $84,577 $2,682 3.01%

    Investors Bank lent most frequently to those with incomes in the $150k-250k range, with 877 originations. The second most popular income band? $100k-150k, with 725 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 885 $331,755,000 $374,864 $4,137 3.14%
    30-36% 722 $260,400,000 $360,665 $4,231 3.18%
    <20% 314 $121,230,000 $386,083 $4,238 3.08%
    39% 150 $57,640,000 $384,267 $4,318 3.21%
    38% 146 $56,040,000 $383,836 $4,377 3.19%
    37% 130 $50,450,000 $388,077 $4,457 3.23%
    42% 124 $36,740,000 $296,290 $4,071 3.29%
    40% 124 $37,630,000 $303,468 $3,712 3.22%
    36% 121 $43,955,000 $363,264 $4,155 3.20%
    41% 120 $34,720,000 $289,333 $3,871 3.25%
    44% 107 $29,855,000 $279,019 $4,224 3.12%
    43% 86 $28,300,000 $329,070 $4,087 3.10%
    48% 66 $22,430,000 $339,848 $4,554 3.11%
    47% 64 $22,070,000 $344,844 $4,094 3.19%
    46% 60 $21,180,000 $353,000 $4,457 3.26%
    49% 49 $16,425,000 $335,204 $4,295 3.23%
    45% 48 $17,750,000 $369,792 $4,063 3.07%
    50-60% 4 $1,210,000 $302,500 $8,088 3.84%

    Investors Bank lent most frequently to those with DTI ratios of 20-30%, with 885 originations. The next most common DTI ratio? 30-36%, with 722 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 135 $1,040,665,000 $7,708,630 $0 3.80%
    White 1,836 $627,520,000 $341,786 $4,085 3.21%
    Not provided 1,080 $421,990,000 $390,731 $4,372 3.11%
    Asian 306 $115,330,000 $376,895 $4,237 3.09%
    Black 77 $16,295,000 $211,623 $3,905 3.33%
    Asian Indian 13 $5,135,000 $395,000 $4,167 3.06%
    American Indian 2 $1,230,000 $615,000 $4,533 3.00%
    Other Asian 3 $955,000 $318,333 $3,878 3.17%
    Filipino 1 $845,000 $845,000 $3,745 3.88%
    Native Hawaiian or Islander 1 $275,000 $275,000 $3,437 3.38%
    Other Pacific Islander 1 $205,000 $205,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    87.97%

    Investors Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.77%

    Investors Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,455 $2,230,445,000 $645,570

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 123 $1,020,675,000 $8,298,171
    Single Family (1-4 Units):Site-Built 3,332 $1,209,770,000 $363,076

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 332 $174,880,000 $526,747 $3,791 3.27%
    40-60% 686 $501,490,000 $731,035 $4,056 3.13%
    60-80% 1,507 $1,108,735,000 $735,723 $4,485 3.23%
    80-100% 567 $260,285,000 $459,056 $4,829 3.30%
    Over 100% 5 $87,945,000 $17,589,000 $0 3.80%
    Under 20% 358 $97,110,000 $271,257 $452 2.94%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    INVESTORS BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 33.3%
    INVESTORS BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 8.3%
    INVESTORS BANK Conventional home mortgage Trouble during payment process 5 41.7%
    INVESTORS BANK Conventional home mortgage Struggling to pay mortgage 1 8.3%
    INVESTORS BANK Conventional home mortgage Incorrect information on your report 1 8.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Investors Bank 1 Outwater Lane Garfield, NJ 7026 Full Service B&M $73,027
    Investors Bank 1000 Highway 36 Atlantic Highlands, NJ 7716 Full Service B&M $66,718
    Investors Bank 1001 Highway 71 Spring Lake, NJ 7762 Full Service B&M $163,981
    Investors Bank 1006 Kresson Road Voorhees, NJ 8043 Full Service B&M $46,998
    Investors Bank 101 John F Kennedy Pkwy Short Hills, NJ 7078 Full Service B&M $0
    Investors Bank 101 N Broadway Pitman, NJ 8071 Full Service B&M $90,195
    Investors Bank 103-42 Lefferts Blvd. South Richmond Hill, NY 11419 Full Service B&M $24,483
    Investors Bank 105 North Avenue W Cranford, NJ 7016 Full Service B&M $95,214
    Investors Bank 1065 Stuyvesant Avenue Irvington, NJ 7111 Full Service B&M $72,409
    Investors Bank 1067 Broadway Bayonne, NJ 7002 Full Service B&M $341,752
    Investors Bank 108 Engle Street Englewood, NJ 7631 Full Service B&M $50,049
    Investors Bank 1153 Valley Road Stirling, NJ 7980 Full Service B&M $99,626
    Investors Bank 1155 Whitehorse-Mercerville Rd. Trenton, NJ 8619 Full Service B&M $124,445
    Investors Bank 1164 Wantagh Avenue Wantagh, NY 11793 Full Service B&M $100,043
    Investors Bank 1174 Jericho Turnpike Commack, NY 11725 Full Service B&M $43,874
    Investors Bank 1200 Forest Avenue Staten Island, NY 10310 Full Service B&M $98,969
    Investors Bank 1201 Avenue J Brooklyn, NY 11201 Full Service B&M $39,855
    Investors Bank 1207 Quentin Road Brooklyn, NY 11229 Full Service B&M $111,309
    Investors Bank 123 Ridge Road Lyndhurst, NJ 7071 Full Service B&M $141,238
    Investors Bank 124 East Main Street Maple Shade, NJ 8052 Full Service B&M $58,679
    Investors Bank 1291 Springfield Avenue New Providence, NJ 7974 Full Service B&M $101,398
    Investors Bank 130 North County Line Road Jackson, NJ 8527 Full Service B&M $68,104
    Investors Bank 130 Washington Avenue Carteret, NJ 7008 Full Service B&M $90,516
    Investors Bank 130 Watchung Avenue Plainfield, NJ 7060 Full Service B&M $54,117
    Investors Bank 1300 Liberty Avenue Hillside, NJ 7205 Full Service B&M $123,449
    Investors Bank 1330 St. Georges Avenue Avenel, NJ 7001 Full Service B&M $36,325
    Investors Bank 1331 Springfield Avenue Irvington, NJ 7111 Full Service B&M $204,348
    Investors Bank 134 Main Street Madison, NJ 7940 Full Service B&M $82,032
    Investors Bank 1421 Avenue M Brooklyn, NY 11230 Full Service Retail $91,708
    Investors Bank 150-07 14th Avenue Whitestone, NY 11357 Full Service B&M $76,843
    Investors Bank 1500 Finnegans Lane North Brunswick, NJ 8902 Full Service B&M $90,639
    Investors Bank 151 Pierce St Somerset, NJ 8873 Full Service B&M $236,660
    Investors Bank 1556 Hylan Boulevard Staten Island, NY 10305 Full Service B&M $38,479
    Investors Bank 1577 Northern Blvd Manhasset, NY 11030 Full Service B&M $104,417
    Investors Bank 160 Lawrenceville-Pennington Road Lawrenceville, NJ 8648 Full Service B&M $69,222
    Investors Bank 1655 Oak Tree Road Edison, NJ 8820 Full Service B&M $52,656
    Investors Bank 169 Broadway Long Branch, NJ 7740 Full Service B&M $122,126
    Investors Bank 169 Main Street Chatham, NJ 7928 Full Service B&M $126,015
    Investors Bank 190 East Jericho Turnpike Mineola, NY 11501 Full Service B&M $116,126
    Investors Bank 192 Kings Highway Middletown, NJ 7748 Full Service B&M $183,299
    Investors Bank 193 Morris Avenue Springfield, NJ 7081 Full Service B&M $173,974
    Investors Bank 1951 Route 70 East Cherry Hill, NJ 8003 Full Service B&M $157,120
    Investors Bank 2 Commerce Blvd Succasunna, NJ 7876 Full Service B&M $147,548
    Investors Bank 20 White Street Red Bank, NJ 7701 Full Service B&M $167,322
    Investors Bank 21 West Main Street Freehold, NJ 7728 Full Service B&M $438,940
    Investors Bank 210 Old Country Road Mineola, NY 11501 Full Service B&M $66,418
    Investors Bank 213 Harrison Street Nutley, NJ 7110 Full Service B&M $146,678
    Investors Bank 213 Us Highway 130 Bordentown, NJ 8505 Full Service B&M $71,782
    Investors Bank 2147 Bridge Avenue Point Pleasant Boro, NJ 8742 Full Service Retail $106,827
    Investors Bank 2150 Merrick Road Merrick, NY 11566 Full Service B&M $44,952
    Investors Bank 2150 Route 130 North Burlington Township, NJ 8016 Full Service B&M $58,671
    Investors Bank 2200 Richmond Avenue Staten Island, NY 10314 Full Service B&M $22,641
    Investors Bank 221 River Street Hoboken, NJ 7030 Full Service B&M $56,646
    Investors Bank 23-02 31st Street Astoria, NY 11105 Full Service B&M $54,812
    Investors Bank 2300 Route 33 Robbinsville, NJ 8691 Full Service B&M $195,147
    Investors Bank 23201 Columbus Road Columbus, NJ 8022 Full Service B&M $46,617
    Investors Bank 24 East Northfield Road Livingston, NJ 7039 Full Service B&M $269,042
    Investors Bank 2400 Lemoine Avenue Fort Lee, NJ 7024 Full Service B&M $130,796
    Investors Bank 2426 Route 34 North Manasquan, NJ 8736 Full Service B&M $109,028
    Investors Bank 2441-A Route 22 West Union, NJ 7083 Full Service B&M $59,880
    Investors Bank 2449 South Plainfield Avenue South Plainfield, NJ 7080 Full Service B&M $94,170
    Investors Bank 246-248 Hackensack Avenue East Rutherford, NJ 7073 Full Service B&M $22,167
    Investors Bank 249 Millburn Avenue Millburn, NJ 7041 Full Service B&M $3,663,849
    Investors Bank 255 Lafayette Street Newark, NJ 7105 Full Service B&M $297,651
    Investors Bank 2560 Ocean Avenue Brooklyn, NY 11229 Full Service B&M $28,234
    Investors Bank 2580 Hylan Blvd. Staten Island, NY 10306 Full Service B&M $16,604
    Investors Bank 267 5th Avenue New York, NY 10016 Full Service B&M $112,408
    Investors Bank 268 Brighton Beach Avenue Brooklyn, NY 11235 Full Service B&M $39,882
    Investors Bank 27 Prospect Street East Orange, NJ 7017 Full Service B&M $42,463
    Investors Bank 271 Page Avenue Staten Island, NY 10310 Full Service B&M $48,945
    Investors Bank 273 Brick Boulevard Brick, NJ 8723 Full Service B&M $72,707
    Investors Bank 275 Chestnut Street Newark, NJ 7105 Full Service B&M $157,600
    Investors Bank 276 Route 53, Suite 3 Denville, NJ 7834 Full Service B&M $88,439
    Investors Bank 2846 Steinway Street Astoria, NY 11103 Full Service B&M $61,083
    Investors Bank 2929 Expressway Drive North Islandia, NY 11749 Full Service B&M $138,537
    Investors Bank 300 Bergen Avenue Kearny, NJ 7032 Full Service Retail $104,342
    Investors Bank 301 Greentree Road Sewell, NJ 8080 Full Service B&M $130,501
    Investors Bank 301 Harrison Avenue Harrison, NJ 7029 Full Service B&M $96,407
    Investors Bank 51 South Broad Street Elizabeth, NJ 7202 Full Service B&M $251,286
    Investors Bank 31-01 Broadway Astoria, NY 11106 Full Service B&M $106,621
    Investors Bank 310 Pompton Avenue Cedar Grove, NJ 7009 Full Service B&M $157,633
    Investors Bank 3100 Route 38 Mount Laurel, NJ 8054 Full Service B&M $515,023
    Investors Bank 314 7th Avenue Brooklyn, NY 11215 Full Service B&M $18,451
    Investors Bank 315 Main Street Huntington, NY 11743 Full Service B&M $42,515
    Investors Bank 315 Us Hwy 202/206 Pluckemin, NJ 7978 Full Service B&M $78,525
    Investors Bank 320 Evesboro-Medford Road Marlton, NJ 8053 Full Service B&M $71,725
    Investors Bank 3265 Highway 9 Freehold, NJ 7728 Full Service B&M $140,283
    Investors Bank 343 Matawan Road Matawan, NJ 7747 Full Service B&M $79,990
    Investors Bank 3563 Rt 22 E Whitehouse Station, NJ 8889 Full Service B&M $116,275
    Investors Bank 360 Martin Luther King Drive, Unit 7h Jersey City, NJ 7304 Full Service B&M $132,201
    Investors Bank 360 Sthwy 34 South Colts Neck, NJ 7722 Full Service B&M $87,831
    Investors Bank 365 Broad Street Bloomfield, NJ 7003 Full Service B&M $202,415
    Investors Bank 3780 Nostrand Avenue New York City, NY 11235 Full Service B&M $80,122
    Investors Bank 385 George Street New Brunswick, NJ 8901 Full Service B&M $15,934
    Investors Bank 393 Springfield Avenue Summit, NJ 7901 Full Service B&M $187,214
    Investors Bank 399 Atlantic Avenue Brooklyn, NY 11217 Full Service B&M $41,609
    Investors Bank 415 Stokes Road Medford, NJ 8055 Full Service B&M $78,016
    Investors Bank 425 N. Black Horse Pike Williamstown, NJ 8094 Full Service B&M $82,921
    Investors Bank 425 Route 70 Lakewood, NJ 8701 Full Service B&M $138,334
    Investors Bank 4255 Us Highway 9 Howell, NJ 7731 Full Service B&M $24,710
    Investors Bank 43 - 08 Bell Boulevard Bayside, NY 11361 Full Service B&M $119,307
    Investors Bank 431 Court Street Brooklyn, NY 11231 Full Service B&M $72,727
    Investors Bank 437 Park Avenue Scotch Plains, NJ 7076 Full Service B&M $89,609
    Investors Bank 441 Springfield Avenue Berkeley Heights, NJ 7922 Full Service B&M $99,903
    Investors Bank 45 Washington Street Morristown, NJ 7960 Full Service B&M $153,757
    Investors Bank 450 Union Hill Road Morganville, NJ 7751 Full Service B&M $198,398
    Investors Bank 4500 S. Broad St Yardville, NJ 8620 Full Service B&M $125,607
    Investors Bank 451 Lacey Road Whiting, NJ 8759 Full Service B&M $103,378
    Investors Bank 453 Speedwell Avenue Morris Plains, NJ 7950 Full Service B&M $76,270
    Investors Bank 4624 13th Avenue Brooklyn, NY 11219 Full Service Retail $292,668
    Investors Bank 485 Hamilton Avenue Trenton, NJ 8609 Full Service B&M $79,084
    Investors Bank 500 Clifton Avenue Clifton, NJ 7011 Full Service B&M $119,558
    Investors Bank 500 Route 33 Mercerville, NJ 8619 Full Service B&M $99,801
    Investors Bank 52 Main Street Vincentown, NJ 8088 Full Service B&M $38,888
    Investors Bank 536 Bloomfield Avenue Montclair, NJ 7042 Full Service B&M $98,370
    Investors Bank 55 Old Highway 22 Clinton, NJ 8809 Full Service B&M $113,361
    Investors Bank 56 Westfield Avenue Clark, NJ 7066 Full Service B&M $96,655
    Investors Bank 563 Larkfield Road East Northport, NY 11731 Full Service B&M $18,177
    Investors Bank 565 Stelton Road Piscataway, NJ 8854 Full Service B&M $141,243
    Investors Bank 575 Main Street Woodbridge, NJ 7095 Full Service B&M $152,764
    Investors Bank 58-25 Myrtle Avenue Ridgewood, NY 11385 Full Service B&M $10,346
    Investors Bank 598-608 State Street Perth Amboy, NJ 8861 Full Service B&M $57,706
    Investors Bank 605 Madison Avenue Lakewood, NJ 8701 Full Service B&M $183,653
    Investors Bank 636 Inman Avenue Colonia, NJ 7067 Full Service B&M $36,812
    Investors Bank 6402 18th Avenue Brooklyn, NY 11204 Full Service B&M $10,850
    Investors Bank 645 Route 18 East Brunswick, NJ 8816 Full Service B&M $50,881
    Investors Bank 675 Hempstead Turnpike Franklin Square, NY 11010 Full Service B&M $33,302
    Investors Bank 680 Delsea Drive Glassboro, NJ 8028 Full Service B&M $82,891
    Investors Bank 69-71 Grand Avenue Maspeth, NY 11378 Full Service B&M $25,803
    Investors Bank 690 Route 25a East Setauket, NY 11733 Full Service B&M $75,504
    Investors Bank 698 Route 202 North Flemington, NJ 8822 Full Service B&M $121,457
    Investors Bank 70 Hackensack Avenue Hackensack, NJ 7601 Full Service B&M $84,474
    Investors Bank 7123 3rd Avenue Brooklyn, NY 11209 Full Service B&M $26,385
    Investors Bank 725 Bloomfield Avenue Verona, NJ 7044 Full Service B&M $89,582
    Investors Bank 7414 13th Avenue Brooklyn, NY 11228 Full Service B&M $35,305
    Investors Bank 75 South Orange Avenue South Orange, NJ 7079 Full Service B&M $75,289
    Investors Bank 77 Central Avenue Clark, NJ 7066 Full Service B&M $63,541
    Investors Bank 7826 5th Avenue Brooklyn, NY 11209 Full Service B&M $94,947
    Investors Bank 79 W. Upper Ferry Rd. W. Trenton, NJ 8628 Full Service B&M $127,032
    Investors Bank 80 Hartford Road Moorestown, NJ 8057 Full Service B&M $294,851
    Investors Bank 81 Court Street Brooklyn, NY 11201 Full Service B&M $221,013
    Investors Bank 81 Fleet Place Brooklyn, NY 11201 Full Service B&M $7,064
    Investors Bank 820 Bloomfield Avenue West Caldwell, NJ 7006 Full Service B&M $53,083
    Investors Bank 829 Sanford Ave Newark, NJ 7106 Full Service B&M $45,327
    Investors Bank 8601 21st Avenue Brooklyn, NY 11214 Full Service B&M $24,932
    Investors Bank 864 Route 37 West Toms River, NJ 8755 Full Service B&M $296,045
    Investors Bank 8724 Fourth Avenue Brooklyn, NY 11209 Full Service B&M $71,595
    Investors Bank 874 Fischer Boulevard, Bay Plaza Shopping Center Toms River, NJ 8753 Full Service B&M $90,542
    Investors Bank 88 Norwood Avenue Deal, NJ 7723 Full Service B&M $257,698
    Investors Bank 896 Manhattan Avenue Brooklyn, NY 11222 Full Service B&M $76,380
    Investors Bank 946 Amboy Avenue Edison, NJ 8837 Full Service B&M $150,285
    Investors Bank 96 Allen Blvd Farmingdale, NY 11735 Full Service B&M $28,496
    Investors Bank 97 North Sea Road Southampton, NY 11968 Full Service B&M $30,255
    Investors Bank 977 Stuyvesant Avenue Union, NJ 7083 Full Service B&M $140,069
    Investors Bank Rd#1 State Highway #57 Washington, NJ 7882 Full Service B&M $80,486

    For 2020, Investors Bank had 155 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $979,838
    Net interest income $725,368
    Total noninterest income $85,100
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $11,007
    Trading account gains and fees $8,533
    Additional Noninterest Income $65,560
    Pre-tax net operating income $293,455
    Securities gains (or losses, -) $233
    Income before extraordinary items $219,475
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $219,475
    Minority interest net income $0
    Net income $219,475
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $219,290

    Investors Bank's gross interest income from loans was $979,838,000.
    Investors Bank's net interest income from loans was $725,368,000.
    Investors Bank's fee based income from loans was $11,007,000.
    Investors Bank's net income from loans was $219,475,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $254,470
    Provision for credit losses $65,540
    Total noninterest expense $451,473
    Salaries and employee benefits $240,582
    Premises and equipment expense $76,253
    Additional noninterest expense $134,638
    Applicable income taxes $74,213
    Net charge-offs $10,653
    Cash dividends $105,000

    Investors Bank's interest expense for loans was $254,470,000.
    Investors Bank's payroll and benefits expense were $240,582,000.
    Investors Bank's property, plant and equipment expenses $76,253,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $19,799,623
    Deposits held in domestic offices $19,799,623
    Deposits by Individuals, partnerships, and corporations $14,356,200
    Deposits by U.S. Government $9
    Deposits by States and political subdivisions in the U.S. $5,393,588
    Deposits by Commercial banks and other depository institutions in U.S. $49,826
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,559,165
    Demand deposits $991,322
    Nontransaction accounts $18,240,458
    Money market deposit accounts (MMDAs) $5,038,044
    Other savings deposits (excluding MMDAs) $10,484,755
    Total time deposits $2,717,659
    Total time and savings deposits $18,808,301
    Noninterest-bearing deposits $3,950,063
    Interest-bearing deposits $15,849,559
    Retail deposits $17,752,853
    IRAs and Keogh plan accounts $486,712
    Brokered deposits $1,509,886
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $25,991,260
    Cash & Balances due from depository institutions $170,432
    Interest-bearing balances $61,345
    Total securities $3,986,696
    Federal funds sold & reverse repurchase $0
    Net loans and leases $20,615,487
    Loan and leases loss allowance $282,987
    Trading account assets $34,155
    Bank premises and fixed assets $341,992
    Other real estate owned $2,177
    Goodwill and other intangibles $109,478
    All other assets $730,843

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $25,991,260
    Total Liabilities $23,564,873
    Total deposits $19,799,623
    Interest-bearing deposits $15,849,559
    Deposits held in domestic offices $19,799,623
    % insured (estimated) $53
    Federal funds purchased and repurchase agreements $619,716
    Trading liabilities $34,155
    Other borrowed funds $2,750,068
    Subordinated debt $0
    All other liabilities $361,311

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $20,615,487
    Loan and leases loss allowance $282,987
    Total loans and leases (domestic) $20,898,474
    All real estate loans $18,608,125
    Real estate loans in domestic offices $18,608,125
    Construction and development loans $462,551
    Residential 1-4 family construction $35,850
    Other construction, all land development and other land $426,701
    Loans secured by nonfarm nonresidential properties $6,427,954
    Nonfarm nonresidential secured by owner-occupied properties $1,111,063
    Commercial real estate & other non-farm, non-residential $5,316,891
    Multifamily residential real estate $7,129,558
    1-4 family residential loans $4,588,058
    Farmland loans $4
    Loans held in foreign offices $0
    Farm loans $3,407
    Commercial and industrial loans $1,117,592
    To non-U.S. addressees $0
    Loans to individuals $416,377
    Credit card loans $0
    Related Plans $423
    Consumer Auto Loans $14
    Other loans to individuals $415,940
    All other loans & leases $752,973
    Loans to foreign governments and official institutions $0
    Other loans $394,116
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $9,242
    Non 1-4 family restructured loans & leases $731
    Total loans and leases (foreign) $0

    Investors Bank had $20,615,487,000 of loans outstanding in 2020. $18,608,125,000 of loans were in real estate loans. $462,551,000 of loans were in development loans. $7,129,558,000 of loans were in multifamily mortgage loans. $4,588,058,000 of loans were in 1-4 family mortgage loans. $3,407,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 631 $254,325 $403,051
    Nonfarm, nonresidential loans - <$100k 15 $343 $22,867
    Nonfarm, nonresidential loans - $100-250k 97 $12,890 $132,887
    Nonfarm, nonresidential loans - $250k-1MM 519 $241,092 $464,532
    Commercial & Industrial, US addressed loans - <$1MM 1,222 $112,493 $92,056
    Commercial & Industrial, US addressed loans - <$100k 726 $16,099 $22,175
    Commercial & Industrial, US addressed loans - $100-250k 188 $17,080 $90,851
    Commercial & Industrial, US addressed loans - $250k-1MM 308 $79,314 $257,513
    Farmland loans - <$1MM 2 $4 $2,000
    Farmland loans - <$100k 2 $4 $2,000