Freedom Bank (Maywood, NJ)
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Data as of · sourced from FFIEC call reports. How we update
Freedom Bank is an FDIC-insured commercial bank headquartered in Maywood, NJ, established in 2008 (FDIC certificate 58712), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $838.3M, up 8.5% from Q2 2025, the 28th largest of 49 banks headquartered in New Jersey. Its CET1 capital ratio was 11.95% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58712
- Headquarters
- Maywood, NJ
- Established
- 2008
- Total assets, Q2 2026
- $838.3M
- Assets vs Q2 2025
- +8.5%
- CET1 ratio, Q2 2026
- 11.95%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 021214493
- Holding company
- FREEDOM BANCORP, INC.
- Asset rank in state
- 28th of 49 in New Jersey
Freedom Bank pays more for its money than most banks of its size. Based in Maywood, New Jersey, it had $838 million in assets at June 30, 2026, up 8.5% from a year earlier. It pays an average of 3.35% on its deposits and borrowings, about double the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also holds commercial real estate loans worth 5.8 times its capital, 4.8 times the median of 1.2 times for banks its size.
Earnings jumped: net income for the quarter was $2.1 million, 55% above the same quarter a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.28% of loans, down from 0.39% a year earlier. Its margin is thin by comparison: it keeps 3.18 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, Freedom Bank reported a CET1 capital ratio of 11.95%, a return on assets of 0.98%, a nonperforming-loan ratio of 0.28% and a Texas ratio of 2.37%. The figures come from its call report filed with the FFIEC.
Freedom Bank ranks as the 28th largest of the 49 banks based in New Jersey, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 2.1% to $838.3M, loans rose 0.7% and deposits fell 2.5%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 33.4% of total loans, followed by multifamily loans at 22.7%. Its 5 offices in the FDIC Summary of Deposits are in 5 cities in NJ; its Maywood office books 58% of its branch deposits. Judged on its Q2 2026 call report, Freedom Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 99 W Essex St, Maywood, NJ 07607
- County
- Bergen
- Metro Area
- New York-Newark-Jersey City, NY-NJ
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- April 17, 2008
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 59
- Domestic deposits
- $711.5M
- Allowance for credit losses
- $4.5M
- Net charge-offs (YTD)
- $0
- Average total assets
- $846.6M
- Average total loans
- $737.4M
- Average interest-bearing deposits
- $643.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 17, 2008
- FDIC Cert
- 58712
- Fed RSSD
- 3729124
- SEC CIK
- 1745652 → filed by FREEDOM BANCORP, INC.
- Website
- http://www.freedombanknj.com →
- Parent Holding Company
- FREEDOM BANCORP, INC. (RSSD 5010844)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Freedom Bank's total assets moved between a low of $683.2M (Q3 2023) and a high of $856.1M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$838.3M total assets against $772.8M; $755.5M total liabilities against $695.6M.
$733.0M net loans and leases against $677.0M; $711.5M total deposits against $652.4M.
$45.4M securities against $32.3M; $38.2M cash and balances due against $41.4M.
$13.0M total interest income against $11.6M; $6.4M total interest expense against $6.2M.
$6.6M net interest income against $5.4M.
$151K total noninterest income against $166K; $4.1M total noninterest expense against $3.7M.
$0 provision for credit losses against $25K.
$2.1M net income against $1.3M.
0.98% return on assets against 0.69%; 3.18% net interest margin against 2.84%.
11.95% CET1 capital ratio against 12.26%; 9.78% tier 1 leverage ratio against 9.94%.
Inside the full Freedom Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Freedom Bank rankings
Its closest position to the top of a national ranking is 1,199 of 4,196, for total assets; its furthest is 1,727 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.54% (Q1 2025) to 0.98% (Q2 2026) and its net interest margin ran from 2.63% (Q4 2024) to 3.18% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.95% | 0.98% | 0.28% | 2.37% | 3.18% |
| Q1 2026 | 11.82% | 0.77% | 0.27% | 2.28% | 2.99% |
| Q4 2025 | 11.90% | 0.64% | 0.27% | 2.30% | 3.07% |
| Q3 2025 | 12.00% | 0.78% | 0.27% | 2.33% | 2.98% |
| Q2 2025 | 12.26% | 0.69% | 0.39% | 3.27% | 2.84% |
| Q1 2025 | 12.24% | 0.54% | 0.30% | 2.52% | 2.65% |
| Q4 2024 | 12.51% | 0.67% | 0.30% | 2.52% | 2.63% |
| Q3 2024 | 12.33% | 0.59% | 0.31% | 2.62% | 2.64% |
Swipe the table sideways to see every column.
Branch Network
View all 5 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Freedom Bank (main office) | Maywood , NJ | 07607 | $412.0M |
| Ridgewood Branch | Ridgewood , NJ | 07450 | $114.8M |
| Mahwah Branch | Mahwah , NJ | 07430 | $106.1M |
| East Rutherford Branch | East Rutherford , NJ | 07073 | $43.5M |
| Guttenberg Branch | Guttenberg , NJ | 07093 | $35.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in NJ, rank 46 of 96 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 45 applications, 32 loans originated, $65.7M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- Enforcement actions, SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Freedom Bank
What are Freedom Bank's total assets?
As of the Q2 2026 filing, Freedom Bank reported total assets of $838.3 million in its FFIEC call report.
Where is Freedom Bank headquartered?
It is headquartered in Maywood, NJ, United States.
When was Freedom Bank founded?
It was established in 2008, per the FDIC institution directory.
Is Freedom Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58712). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Freedom Bank?
Freedom Bank's primary federal regulator is the FDIC.
What is Freedom Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.95% in its Q2 2026 call report, above regulatory requirements.
How many branches does Freedom Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Freedom Bank's Texas Ratio?
Its Texas Ratio is 2.37% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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