Spencer Savings Bank, SLA: how it compares with its peers
Against 11 NJ banks with half to twice its assets, Spencer Savings Bank, SLA's strongest measure in Q2 2026 is assets per employee ($12.3M vs. a $13.2M peer median). Its weakest relative measure is return on assets (0.63% vs. 1.23%).
| Measure | Spencer Savings Bank, SLA | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.63% | 1.23% | Bottom third Ahead of 18% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.84% | 3.35% | Bottom third Ahead of 27% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 66.68% | 59.57% | Bottom third Ahead of 18% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.3M | $13.2M | Middle third Ahead of 36% of peers |
| Loans to deposits Net loans and leases over total deposits. | 107.37% | 95.26% | Context |
What it means for lending operations
Its efficiency ratio of 66.68% is above the 59.57% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- First Bank Hamilton, NJ · $4.09B
- Sumitomo Mitsui Trust Bank (U.S.A.) Limited Hoboken, NJ · $3.92B
- Manasquan Bank Manasquan, NJ · $3.59B
- Unity Bank Clinton, NJ · $3.18B
- Amboy Bank Old Bridge, NJ · $3.12B
- BCB Community Bank Bayonne, NJ · $3.12B
Questions about Spencer Savings Bank, SLA
How big is Spencer Savings Bank, SLA?
Spencer Savings Bank, SLA, established in 1939, is headquartered in Elmwood Park, NJ. It reported $4.04B in total assets in its Q2 2026 FDIC call report and operates 28 offices.
What is Spencer Savings Bank, SLA's return on assets?
0.63% annualized in Q2 2026, against a 1.23% median for 11 NJ banks with half to twice its assets, ahead of 18% of them.
What is Spencer Savings Bank, SLA's efficiency ratio?
66.68% in Q2 2026: it spent about 67 cents in noninterest expense for each dollar of revenue. The peer median is 59.57%, and lower is better.
Is Spencer Savings Bank, SLA growing its loans?
Net loans grew 3.3% over the year to Q2 2026, while deposits shrank 1.5%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NJ banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every New Jersey bank ranked.