Freedom Bank in Oradell, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Freedom Bank in Oradell, New Jersey (NJ)
  • Show street view No street view available for this location
Freedom Bank routing number info

Freedom Bank - Overview

  • General
  • FDIC Certificate #: 58712
    Status: Active
    Federal Reserve ID: 3729124
    Date Established: April 17, 2008
    WWW: http://www.freedombanknj.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 463480
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 17, 2008
    Last Structure Change Effective Date: June 16, 2010
    Last Structure Change Process Date: October 04, 2010
    Last Data Update: October 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 550 Kinderkamack Road, Oradell, NJ 7649
    County: Bergen
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Bergen-Passaic, NJ (#875)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $148.6 mil
    Equity capital: $19.5 mil
    Deposits held in domestic offices: $128.7 mil
    Return on assets (ROA): 0.56% ($0.8 mil)
    Quarterly return on assets: 0.90% ($1.3 mil)
    Return on Equity (ROE): 4.51% ($0.9 mil)
    Quarterly return on equity: 6.72% ($1.3 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.67% ($995.6 mil)
    Quarterly Pretax return on assets: 0.96% ($1,426.5 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $148,596Total assets
  • $8,062Cash and due from depository institutions
  • $0Interest-bearing balances
  • $6,278Securities
  • $13,726Federal funds sold & reverse repurchase agreements
  • $118,485Net loans & leases
  • $1,494Loan loss allowance
  • $0Trading account assets
  • $739Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $148,595Life insurance assets
  • $1,306All other assets
  • $129,103Total liabilities and capital
  • $128,660Total liabilities
  • $118,640Total deposits
  • $128,660Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $443Subordinated debt
  • $19,492All other liabilities
  • $19,492Total equity capital
  • $19,492Total bank equity capital
  • $4,000Perpetual preferred stock
  • $8,241Common stock
  • $8,241Surplus
  • $-990Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,494Income earned, not collected on loans
  • $0Earning assets
  • $590Long-term assets (5+ years)
  • $138,489Average Assets, year-to-date
  • $83,306Average Assets, quarterly
  • $128,656Volatile liabilities
  • $144,858Insider loans
  • $119,277FHLB advances
  • $147,999Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,353Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,143Restructured Loans and leases
  • $7,888Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,569Total interest income
  • $1,171Total interest expense
  • $5,398Net interest income
  • $700Provision for loan and lease losses
  • $84Total noninterest income
  • $0Fiduciary activities
  • $69Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15Additional noninterest income
  • $3,921Total noninterest expense
  • $2,082Salaries and employee benefits
  • $502Premises and equipment expense
  • $1,337Additional noninterest expense
  • $861Pre-tax net operating income
  • $0Securities gains (losses)
  • $139Applicable income taxes
  • $722Income before extraordinary items
  • $0Extraordinary gains - net
  • $722Net income attributable to bank
  • $0Net charge-offs
  • $722Cash dividends
  • $582Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.39%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.67%Pretax return on assets
  • 4.51%Return on equity (ROE)
  • 4.51%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 120.27%Credit loss provision to net charge-offs
  • 2.68%Efficiency ratio
  • 71,525Assets per employee
  • 6.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 59.90%Noncurrent assets plus other real estate owned to assets
  • 1.68%Noncurrent loans to loans
  • 2.08%Net loans and leases to deposits
  • 92.09%Net loans and leases to core deposits
  • 104.51%Equity capital to assets
  • 13.12%Core capital (leverage) ratio
  • 13.08%Tier 1 risk-based capital ratio
  • 16.23%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $128,656Average earning assets
  • $16,001Average equity
  • $121,945Average loans

List of branches

  • 2 New Jersey Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0463480Freedom Bank550 Kinderkamack Road, Oradell, NJ 7649April 17, 2008Full Service Brick and Mortar
    1526991Guttenberg Branch6812 Park Avenue, Guttenberg, NJ 7093November 21, 2011Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Freedom Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents