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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 75thStandingRank8-Qtr TrendPeer 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