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Freehold Savings Bank

Freehold, NJ · Cert 30519

FDIC · 2 branches

Q3 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area3

Basis

Quarter: Q3 2024, the quarter ended September 30, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (n=36 to 37). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

72

Q2 2024Q3 2024peer median (50)

Asset Quality

89

Q2 2024Q3 2024peer median (50)

Profitability

37

Q2 2024Q3 2024peer median (50)

Liquidity

69

Q2 2024Q3 2024peer median

Efficiency

62

Q2 2024Q3 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Freehold Savings Bank

Freehold, NJ · Cert 30519

FDIC · 2 branches

Q3 2024

$265.5MAssets
$149.2MLoans
$189.8MDeposits
$46.4MEquity
Loan mix
99%RE $113.5M1%C&I $1.3M0%Consumer $0.0MQ3 2023Q3 2024
Deposit mix
96%Interest-bearing $181.2M4%Noninterest $8.5MQ3 2023Q3 2024

NIM

3.24%Q3 ’223.50%Q3 ’233.91%Q3 ’24-24%-23%

Non-interest income vs. expense

1.77%Q3 ’221.94%Q3 ’231.28%Q3 ’24+11%-37%

Market Position · New York-Newark-Jersey City, NY-NJ · 2024 SOD (annual) · 0.0% share · #119 of 150 inst. · $0.2B of $2586.6B

Executive Summary

  • Earnings: ROA of 0.51%, up 26 bps year over year; NIM at 1.65%.
  • Asset quality: problem loans at 0.09% of loans (+1 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 16.63%, up 135 bps from a year ago.
  • Funding: loans stand at 78.63% of deposits as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.51%+26 bps YoY

Net Interest Margin (YTD, annualized)

1.65%-50 bps YoY

Efficiency Ratio (YTD, annualized)

73.47%-1,364 bps YoY

Tier 1 Leverage Ratio

16.63%+135 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.25%0.25%0.42%0.32%0.51%+26 bps
Return on Equity1.75%1.76%2.89%2.16%3.32%+157 bps
Net Interest Margin2.15%2.06%1.63%1.65%1.65%-50 bps
Efficiency Ratio87.11%86.06%77.55%78.64%73.47%-1,364 bps
Non-Interest Burden1.82%1.72%1.21%1.24%1.15%-67 bps
Growth
Asset Growth (YoY)1.20%2.46%1.72%-0.97%-10.40%-1,159 bps
Loan Growth (YoY)12.02%5.50%2.17%-3.61%-18.49%-3,051 bps
Deposit Growth (YoY)-1.94%-10.08%-14.68%-13.33%-6.92%-498 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.07%0.07%0.08%0.09%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.73%0.75%0.70%0.77%0.65%-8 bps
Allowance Coverage of NPLs10.0x10.4x9.5x10.0x7.5x-2.5x
Capital
Tier 1 Leverage Ratio15.27%15.27%15.63%16.02%16.63%+135 bps
Total Risk-Based Capital22.27%22.49%22.91%23.83%25.99%+371 bps
Equity / Assets14.06%14.45%14.71%15.28%17.47%+341 bps
Liquidity & Funding
Loans / Deposits89.79%92.77%95.89%93.53%78.63%-1,116 bps
Liquid Assets / Assets1.31%3.50%4.28%4.71%4.68%+337 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Freehold Savings Bank

Freehold, NJ · Cert 30519 · Peer group: banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (n=36-37)

FDIC · 2 branches

Q3 2024

$265.5MAssets
$149.2MLoans
$189.8MDeposits
$46.4MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 19 of 36).
  • Widest gap: net interest margin trails 97% of banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 36 of 37).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

0.56%

Rank 16 of 37

Net Interest Margin

1.65%

Rank 36 of 37

Efficiency Ratio

73.47%

Rank 15 of 37

Equity / Assets

17.47%

Rank 11 of 37

Non-interest income vs. expense

$0.4M$3.5MINCOMEEXPENSE
Unfavorable gap of $3.2M · efficiency ratio beats 62% of banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area
Bank 73.47%Peer median 82.2%Q2 2024Q3 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.56%0.07%0.45%0.98%Beats 57%16 / 37
Return on Equity3.18%0.74%3.04%7.25%Beats 51%18 / 37
Net Interest Margin1.65%2.44%2.98%3.90%Beats 3%36 / 37
Efficiency Ratio73.47%61.95%82.17%98.15%Beats 62%15 / 37
Asset Quality
Nonperforming Loans / Loans0.09%0.09%0.59%2.12%Beats 78%9 / 36
Net Charge-Offs / Loans0.00%n/a0.00%0.01%Beats 100%19 / 36
Capital
Tier 1 Capital Ratio25.42%13.31%18.09%25.42%Beats 73%10 / 37
Total Risk-Based Capital Ratio25.99%13.46%19.34%25.99%Beats 73%10 / 37
Equity / Assets17.47%10.75%12.85%18.15%Beats 70%11 / 37
Liquidity & Funding
Loans / Deposits78.63%78.63%89.69%100.71%24th pctl28 / 37
Loans / Assets56.22%59.38%73.01%82.07%17th pctl30 / 36
Brokered Deposits / Depositsn/aNot reported for this institution