Freedom Bank (NJ)

550 Kinderkamack Road
Oradell, NJ 7649
(201) 599-3000
www.freedombanknj.com

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Freedom Bank (NJ) is headquartered in Oradell and is the 92^nd largest bank in the state of New Jersey. It is also the 3,690^th largest bank in the nation. It was established in 2008 and as of March of 2012, it had grown to 26 employees at 2 locations. Freedom Bank (NJ) has a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Freedom Bank (NJ) Checking Account Rates

Apy	Min	Max	Product
0.25%	-	-	Now Account
0.25%	-	-	Senior Checking
0.25%	-	-	Business Now

Freedom Bank (NJ) Savings Account Rates

Apy	Min	Max	Product
0.15%	-	-	Statement Savings
0.15%	-	-	Minor Savings
0.15%	-	-	Business Savings

Freedom Bank (NJ) Money Market Rates

Apy	Min	Max	Product
0.25%	$2,500	-	Money Market Relationship Account
0.25%	-	-	Small Business MM Account
0.20%	$2,500	-	Money Market Account

Freedom Bank (NJ) CD Rates

Apy	Min	Max	Product
1.75%	$500	-	60 Month CD
1.50%	$500	-	48-59 Month CD
1.25%	$500	-	36-47 Month CD
1.10%	$500	-	24-35 Month CD
0.80%	$500	-	18-23 Month CD
0.65%	$500	-	12-17 Month CD
0.40%	$500	-	6-11 Month CD
0.30%	$500	-	3-5 Month CD

Freedom Bank (NJ) IRA Rates

Apy	Min	Max	Product
1.75%	$500	-	60 Month IRA
1.75%	$500	-	60 Month Roth IRA
1.75%	$500	-	60 Month SEP IRA
1.50%	$500	-	48-59 Month IRA
1.50%	$500	-	48-59 Month Roth IRA
1.50%	$500	-	48-59 Month SEP IRA
1.25%	$500	-	36-47 Month IRA
1.25%	$500	-	36-47 Month Roth IRA
1.25%	$500	-	36-47 Month SEP IRA
1.10%	$500	-	24-35 Month IRA
1.10%	$500	-	24-35 Month Roth IRA
1.10%	$500	-	24-35 Month SEP IRA
0.80%	$500	-	18-23 Month IRA
0.80%	$500	-	18-23 Month Roth IRA
0.80%	$500	-	18-23 Month SEP IRA
0.65%	$500	-	12-17 Month IRA
0.65%	$500	-	12-17 Month Roth IRA
0.65%	$500	-	12-17 Month SEP IRA
0.40%	$500	-	6-11 Month IRA
0.40%	$500	-	6-11 Month Roth IRA
0.40%	$500	-	6-11 Month SEP IRA
0.30%	$500	-	3-5 Month IRA
0.30%	$500	-	3-5 Month Roth IRA
0.30%	$500	-	3-5 Month SEP IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Freedom Bank
FDIC Certificate #	58712
BankRate Report	View
Year Established	2008
Employees	26
Primary Regulator	FDIC
Assets and Liabilities
Assets	$160.66 million
Loans	$123.16 million
Deposits	$140.43 million
Equity Capital	$19.68 million
Loan Loss Allowance	$1.56 million
Unbacked Noncurrent Loans	$2.61 million
Historic Data - March 2011
Assets	$115.17 million
Equity Capital	$14.97 million
Loan Loss Allowance	$1.33 million
Unbacked Noncurrent Loans	$1.71 million
Profit Margin - Quarterly
Net Interest Margin	4.23%
Return on Assets	0.47%
Return on Equity	3.7%
Interest Income	$1.84 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Freedom Bank (NJ) had $2.61 million in non-current loans and owned real-estate with $21.24 million in equity and loan loss allowances on hand to cover it. This gives Freedom Bank (NJ) a Texas Ratio of 12.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Freedom Bank (NJ) held steady from 10.51% as of March 31, 2011 to 12.30% as of March 31, 2012, resulting in a negative change of 17.00%. This indicates that the balance sheet and financial strength for Freedom Bank (NJ) has held steady in recent periods.
Deposit Growth
In the past year, Freedom Bank (NJ) has increased its total deposits by $40.67 million, resulting in 40.76% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Freedom Bank (NJ) has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Freedom Bank (NJ) has $160.66 million in assets with $21.24 million in equity, resulting in a capitalization level of 13.22%, which is excellent.

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