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 Freedom Bank
Freedom Bank
| RSSD ID 3729124 | CERTIFICATE 58712 | ABA NUMBER 21214493 |
| 99 W Essex St |
Quarter Ended : |
2025-03-31 |
| Maywood, New Jersey, 7607 |
Updated : |
2025-04-23 |
| www.freedombanknj.com |
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| Institution Profile |
| Year Opened : |
2008 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
5 |
Number of Employees : |
57 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 774,815 |
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Total Interest Income | 10,880 |
| Total Liabilities | 698,795 |
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Total NonInterest Income | 152 |
| Total Bank Equity Capital | 76,020 |
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Total Interest Expense | 6,000 |
| Total Deposits | 654,974 |
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Total NonInterest Expense | 3,711 |
| Net Loans & Leases | 670,728 |
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Net Income | 1,017 |
| Loan Loss Allowance | 4,200 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 80,382 |
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Total loans | 669,468 |
| Total assets for the leverage ratio | 759,522 |
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Loans secured by real estate: | 657,881 |
| Tier 1 Leverage Ratio | 10.01 |
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Commercial and industrial loans | 2,151 |
| Tier 1 Capital Ratio | 12.24 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.95 |
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Loans to individuals - Other | 13 |
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:· Freedom Bank
