Northfield Bank
Staten Island, New York, Richmond County
$5.5B in total assets, the 274th largest of 4,309 US banks and 29th of 126 headquartered in New York.
- FDIC certificate
- 28710
- Established
- 1887
- Owned by
- Northfield Bcorp Inc
- Primary regulator
- OCC
At a glance
Compared with 44 banks headquartered in New York with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $5.5B | 82% | $2.4B | |
| Loans | $3.7B | 82% | $1.9B | |
| Deposits | $4.0B | 82% | $2.0B | |
| Return on assets | 0.20% | 5% | 1.06% | |
| Net interest margin | 2.86% | 20% | 3.53% | |
| Efficiency ratio | 52.3% | 22% | 59.5% | |
| Equity to assets | 13.11% | 82% | 9.98% | |
| Loans to deposits | 93% | 67% | 86% |
Growth
Total assets grew 0.3% a year over the last 5 years and 3.9% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jul 2020 | Victory State Bank Staten Island, NY | $403M |
| Jan 2016 | Hopewell Valley Community Bank Pennington, NJ | $508M |
| Nov 2012 | Flatbush Federal Savings and Loan Association Brooklyn, NY | $137M |
| Oct 2011 | First State Bank Cranford, NJ | $192M |
| Dec 2002 | Liberty Bank Avenel, NJ | $364M |
| Aug 1983 | Security Federal Savings and Loan Association of Staten Island Staten Island, NY | n/a |
| Jun 1983 | Northfield Savings Bank, FSB New York City, NY | n/a |
| Sep 1977 | Mutual Savings and Loan Association of Richmond Co Staten Island, NY | n/a |
Where they operate
0 branches in 0 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Richmond County, NY | $1.7B | 8.7% | 6 of 16 |
| Union County, NJ | $754M | 3.0% | 12 of 30 |
| Middlesex County, NJ | $632M | 1.1% | 15 of 41 |
| Kings County, NY | $457M | 0.7% | 17 of 41 |
| Mercer County, NJ | $285M | 1.3% | 12 of 22 |
| Hunterdon County, NJ | $182M | 3.0% | 10 of 14 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 30 branches since 2016 (30 to 0, −100.0%). 3 opened, 13 acquired, 46 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 30 | |||
| 2016 | Acquired Hopewell Valley Community BankClosed Staten Island | 9 | 1 | +8 | 38 |
| 2017 | Opened Staten Island | 1 | 0 | +1 | 39 |
| 2018 | Opened Brooklyn | 1 | 0 | +1 | 40 |
| 2019 | Closed 3 in 2 states | 0 | 3 | −3 | 37 |
| 2020 | Acquired Victory State BankClosed 3 in 2 states | 4 | 3 | +1 | 38 |
| 2023 | Opened Elizabeth | 1 | 0 | +1 | 39 |
| 2024 | Closed Staten Island | 0 | 2 | −2 | 37 |
| 2026 through Q2 | Closed 37 in 2 states | 0 | 37 | −37 | 0 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Multifamily | 62% | 11% | |
| Commercial real estate | 23% | 27% | |
| 1-4 family residential | 10% | 26% | |
| Business (C&I) | 5% | 20% | |
| Construction and land | 1% | 5% | |
| Consumer | 0% | 5% | |
| Other | 0% | 6% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 63% | 53% | |
| Noninterest-bearing | 20% | 19% | |
| Time deposits | 17% | 28% |
Brokered deposits are 0.7% of deposits (peers 3.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.62% | 0.72% |
| Net charge-offs, annualized | 0.28% | 0.03% |
| Reserves to loans | 1.00% | 1.00% |
| Leverage ratio | 13.13% | 10.12% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New York
Largest competitors in Richmond County, NY
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/northfield-bank-staten-island-ny