Cape May County, New Jersey

• Crest Savings BankBelow
  Wildwood, NJ$0.6B—100.0% of bank deposits
• 1st Bank of Sea Isle CityBelow
  Sea Isle City, NJ$0.3B—100.0% of bank deposits
• Sturdy Savings BankBelow
  Stone Harbor, NJ$1.1B—95.6% of bank deposits
• Franklin BankBelow
  Pilesgrove, NJ$0.3B—8.4% of bank deposits
• OceanFirst Bank, National AssociationAbove threshold
  Toms River, NJ$23BC26.7% of bank deposits
• Univest Bank and Trust Co.Below
  Souderton, PA$8.2B—1.0% of bank deposits

A bank can meet more than one condition at once, so the county counts above the table add up to more than the number of banks. Each row shows the strongest condition that bank meets.

What this means

1 of the 6 banks under $100B in assets with a branch in Cape May County is above a regulatory CRE concentration threshold, and it holds 26% of the county deposits this report covers.

Coverage is 59%: the rest of the deposits in Cape May County sit in banks above the $100B threshold, which this report does not evaluate. Concentration is exposure, not loss. A bank above a threshold is one the 2006 interagency guidance expects to hold more capital and document its underwriting, not one that has lost money. We tested whether counties in the top quartile of this score went on to deteriorate faster over the following eight quarters, and found no relationship. The backtest is published in full.