Freehold, NJ · Cert 30519
FDIC · 2 branches
Q3 2024
Board Package
Performance Trends and Peer Comparison
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.
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.
Capital
72
Asset Quality
89
Profitability
37
Liquidity
69
Efficiency
62
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.
Freehold, NJ · Cert 30519
FDIC · 2 branches
Q3 2024
Market Position · New York-Newark-Jersey City, NY-NJ · 2024 SOD (annual) · 0.0% share · #119 of 150 inst. · $0.2B of $2586.6B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.80% | 0.36% | 0.30% | 0.25% | 0.25% | 0.42% | 0.32% | 0.51% | +26 bps | |
| Return on Equity | 5.40% | 2.57% | 2.10% | 1.75% | 1.76% | 2.89% | 2.16% | 3.32% | +157 bps | |
| Net Interest Margin | 2.73% | 2.29% | 2.22% | 2.15% | 2.06% | 1.63% | 1.65% | 1.65% | -50 bps | |
| Efficiency Ratio | 61.87% | 82.01% | 84.44% | 87.11% | 86.06% | 77.55% | 78.64% | 73.47% | -1,364 bps | |
| Non-Interest Burden | 1.61% | 1.82% | 1.81% | 1.82% | 1.72% | 1.21% | 1.24% | 1.15% | -67 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -0.35% | -0.38% | 0.77% | 1.20% | 2.46% | 1.72% | -0.97% | -10.40% | -1,159 bps | |
| Loan Growth (YoY) | 9.19% | 11.89% | 8.23% | 12.02% | 5.50% | 2.17% | -3.61% | -18.49% | -3,051 bps | |
| Deposit Growth (YoY) | 2.80% | 0.88% | 2.56% | -1.94% | -10.08% | -14.68% | -13.33% | -6.92% | -498 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.02% | 0.00% | 0.08% | 0.07% | 0.07% | 0.07% | 0.08% | 0.09% | +1 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.78% | 0.77% | 0.76% | 0.73% | 0.75% | 0.70% | 0.77% | 0.65% | -8 bps | |
| Allowance Coverage of NPLs | 32.9x | n/a | 10.0x | 10.0x | 10.4x | 9.5x | 10.0x | 7.5x | -2.5x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 15.19% | 15.22% | 15.33% | 15.27% | 15.27% | 15.63% | 16.02% | 16.63% | +135 bps | |
| Total Risk-Based Capital | 22.93% | 22.82% | 22.60% | 22.27% | 22.49% | 22.91% | 23.83% | 25.99% | +371 bps | |
| Equity / Assets | 14.04% | 14.32% | 14.34% | 14.06% | 14.45% | 14.71% | 15.28% | 17.47% | +341 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 79.07% | 80.08% | 84.11% | 89.79% | 92.77% | 95.89% | 93.53% | 78.63% | -1,116 bps | |
| Liquid Assets / Assets | 1.90% | 2.43% | 1.64% | 1.31% | 3.50% | 4.28% | 4.71% | 4.68% | +337 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
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
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
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 0.56% | 0.07% | 0.45% | 0.98% | Beats 57% | 16 / 37 | ||
| Return on Equity | 3.18% | 0.74% | 3.04% | 7.25% | Beats 51% | 18 / 37 | ||
| Net Interest Margin | 1.65% | 2.44% | 2.98% | 3.90% | Beats 3% | 36 / 37 | ||
| Efficiency Ratio | 73.47% | 61.95% | 82.17% | 98.15% | Beats 62% | 15 / 37 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.09% | 0.09% | 0.59% | 2.12% | Beats 78% | 9 / 36 | ||
| Net Charge-Offs / Loans | 0.00% | n/a | 0.00% | 0.01% | Beats 100% | 19 / 36 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 25.42% | 13.31% | 18.09% | 25.42% | Beats 73% | 10 / 37 | ||
| Total Risk-Based Capital Ratio | 25.99% | 13.46% | 19.34% | 25.99% | Beats 73% | 10 / 37 | ||
| Equity / Assets | 17.47% | 10.75% | 12.85% | 18.15% | Beats 70% | 11 / 37 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 78.63% | 78.63% | 89.69% | 100.71% | 24th pctl | 28 / 37 | ||
| Loans / Assets | 56.22% | 59.38% | 73.01% | 82.07% | 17th pctl | 30 / 36 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||