Freedom Bank
Maywood, NJ
IDRSSD: 3729124
Total Assets
$814.05M
Latest filing
Total Deposits
$671.54M
Latest filing
Net Interest Margin
2.99%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Freedom Bank
99 W Essex St
Maywood, NJ 07607
Full Service - Brick and Mortar
Updated 11/14/2025Established 04/17/2008FDIC Certificate 463480
Branches (4)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Freedom Bank (Main) | 99 W Essex St | Maywood, NJ |
| GUTTENBERG BRANCH | 6812 Park Ave | Guttenberg, NJ |
| RIDGEWOOD BRANCH | 375 Route 17 | Ridgewood, NJ |
| MAHWAH BRANCH | 380 Route 17 | Mahwah, NJ |
| EAST RUTHERFORD BRANCH | 150 Route 17 | East Rutherford, NJ |
Showing 4 of 4
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 04/17/2008 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 07607 |
| State and County Number | 34003 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 02 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | New York-Newark-Jersey City, NY-NJ-PA |
Operational Info
| Number of Employees | 59 |
| Domestic Offices | 5 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 04/17/2008 |
| Primary Insurance Agency | DIF |
| Website | http://www.freedombanknj.com |
| Data Updated | 11/14/2025 |
| CERT | 58712 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $814.05M |
| Total Deposits | $671.54M |
| Total Liabilities | $735.59M |
| Total Equity Capital | $78.45M |
| Net Income | $1.55M |
| Net Loans and Leases | $701.06M |
| Assets Per Employee ($Millions) | $15.07M |
| Bank Premises and Fixed Assets | $2.92M |
| Cash and Balances due from Depository Institutions | $3.54M |
| Deposits Held in Domestic Offices | $671.54M |
Key Performance Ratios
| Return on Assets (ROA) | 0.78% |
| Return on Equity (ROE) | 7.97% |
| Net Interest Margin | 2.99% |
| Efficiency Ratio | 61.96% |
| Tier 1 Risk-Based Capital Ratio | 12.001% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.09% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.638% |
| Earning Assets to total Assets | 96.78% |
Income and Expense
| Total Interest Income | $12.07M |
| Total Noninterest Income | $142.00k |
| Total Interest Expense | $6.33M |
| Total Noninterest Expense | $3.65M |
| Net Interest Income | $5.74M |
| Pre-tax Net Operating Income | $2.06M |
| Provision for Credit Losses | $175.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $56.75M |
| Federal Funds Sold & Reverse Repurchase Agreement | $57.02M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $7.31M |
| Total Liabilities and Capital | $814.05M |
Securities
| Securities | $29.78M |
| Available-for-sale debt securities | $22.00k |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $29.76M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Freedom Bank?
$814.05M as of the latest filing.
How much are Freedom Bank's total deposits?
$671.54M in total deposits.
Where is Freedom Bank located?
Maywood, NJ.
What is the Net Interest Margin?
2.99%.
How many domestic offices does it operate?
5.
When was it established?
04/17/2008.
What is the Return on Assets (ROA)?
0.78%.
How much are total loans and leases?
$701.06M (latest filing).
What is the total interest income (latest filing)?
$12.07M.