Freedom Bank
Maywood, NJ
IDRSSD: 3729124
Total Assets
$812.48M
Latest filing
Total Deposits
$707.03M
Latest filing
Net Interest Margin
3.16%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
1 routeView all→
021214493MAYWOOD, NJ
Key People
Loading leadership data...
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 01/30/2026Established 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
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
Similar banks
1st Colonial Community Bank
Collingswood, New Jersey
→
Assets: $842.66MΔ +3.5%
Hana Bank USA, National Association
Fort Lee, New Jersey
→
Assets: $757.03MΔ -7.0%
Cenlar FSB
Ewing, New Jersey
→
Assets: $890.97MΔ +9.4%
Newfield National Bank
Newfield, New Jersey
→
Assets: $900.11MΔ +10.6%
Bogota Savings Bank
Teaneck, New Jersey
→
Assets: $923.72MΔ +13.5%
New Millennium Bank
Fort Lee, New Jersey
→
Assets: $928.71MΔ +14.1%
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 | 54 |
| 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 | 01/30/2026 |
| CERT | 58712 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $812.48M |
| Total Deposits | $707.03M |
| Total Liabilities | $732.93M |
| Total Equity Capital | $79.55M |
| Net Income | $1.33M |
| Net Loans and Leases | $716.27M |
| Assets Per Employee ($Millions) | $14.25M |
| Bank Premises and Fixed Assets | $2.68M |
| Cash and Balances due from Depository Institutions | $3.52M |
| Deposits Held in Domestic Offices | $707.03M |
Key Performance Ratios
| Return on Assets (ROA) | 0.65% |
| Return on Equity (ROE) | 6.74% |
| Net Interest Margin | 3.16% |
| Efficiency Ratio | 70.26% |
| Tier 1 Risk-Based Capital Ratio | 11.9% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.04% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.79% |
| Earning Assets to total Assets | 96.97% |
Income and Expense
| Total Interest Income | $12.63M |
| Total Noninterest Income | $152.00k |
| Total Interest Expense | $6.39M |
| Total Noninterest Expense | $4.49M |
| Net Interest Income | $6.23M |
| Pre-tax Net Operating Income | $1.81M |
| Provision for Credit Losses | $83.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $19.75M |
| Federal Funds Sold & Reverse Repurchase Agreement | $42.41M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $6.15M |
| Total Liabilities and Capital | $812.48M |
Securities
| Securities | $29.16M |
| Available-for-sale debt securities | $22.00k |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $29.14M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Freedom Bank?
$812.48M as of the latest filing.
How much are Freedom Bank's total deposits?
$707.03M in total deposits.
Where is Freedom Bank located?
Maywood, NJ.
What is the Net Interest Margin?
3.16%.
How many domestic offices does it operate?
5.
When was it established?
04/17/2008.
What is the Return on Assets (ROA)?
0.65%.
How much are total loans and leases?
$716.27M (latest filing).
What is the total interest income (latest filing)?
$12.63M.