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Freedom Bank

Maywood, NJ · Cert 58712 · Freedom Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

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: Q2 2026, the quarter ended June 30, 2026, 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=30 to 31). 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

13

Q2 2024Q2 2026peer median (50)

Asset Quality

82

Q2 2024Q2 2026peer median (50)

Profitability

66

Q2 2024Q2 2026peer median (50)

Liquidity

45

Q2 2024Q2 2026peer median

Efficiency

81

Q2 2024Q2 2026peer 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

Freedom Bank

Maywood, NJ · Cert 58712 · Freedom Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$838.3MAssets
$737.5MLoans
$711.5MDeposits
$82.8MEquity
Loan mix
100%RE $725.8M0%C&I $1.5M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $633.1M11%Noninterest $78.4MQ2 2025Q2 2026

NIM

5.66%Q2 ’245.79%Q2 ’256.02%Q2 ’26+12%+14%

Non-interest income vs. expense

1.94%Q2 ’241.92%Q2 ’251.94%Q2 ’26-2%+2%

Market Position · New York-Newark-Jersey City, NY-NJ · 2026 SOD (annual) · 0.0% share · #83 of 151 inst. · $0.7B of $2921.1B

1.0% Bergen
0.1% Hudson

Executive Summary

  • Earnings: ROA of 0.89%, up 28 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.28% of loans (-11 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.78%, down 16 bps from a year ago.
  • Funding: loans stand at 103.65% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.89%+28 bps YoY

Net Interest Margin (YTD, annualized)

3.02%+38 bps YoY

Efficiency Ratio (YTD, annualized)

63.10%-739 bps YoY

Tier 1 Leverage Ratio

9.78%-16 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.61%0.66%0.66%0.79%0.89%+28 bps
Return on Equity6.15%6.76%6.75%8.16%9.14%+299 bps
Net Interest Margin2.64%2.69%2.67%2.92%3.02%+38 bps
Efficiency Ratio70.50%67.44%68.23%65.17%63.10%-739 bps
Non-Interest Burden1.84%1.79%1.80%1.88%1.88%+4 bps
Growth
Asset Growth (YoY)3.22%6.78%5.70%10.49%8.48%+526 bps
Loan Growth (YoY)2.87%5.28%8.03%8.46%8.25%+538 bps
Deposit Growth (YoY)8.47%5.12%9.65%11.46%9.07%+59 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.27%0.27%0.27%0.28%-11 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.62%0.62%0.62%0.61%0.61%-1 bps
Allowance Coverage of NPLs1.6x2.3x2.3x2.3x2.2x+0.6x
Capital
Tier 1 Leverage Ratio9.94%9.90%9.57%9.56%9.78%-16 bps
Total Risk-Based Capital12.96%12.70%12.59%12.50%12.62%-34 bps
Equity / Assets9.98%9.64%9.79%9.46%9.87%-11 bps
Liquidity & Funding
Loans / Deposits104.43%105.05%101.94%100.28%103.65%-78 bps
Liquid Assets / Assets9.12%10.66%8.81%12.22%8.69%-43 bps
CRE / Total Capitaln/a681%692%696%n/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

Freedom Bank

Maywood, NJ · Cert 58712 · Peer group: banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (n=30-31) · Freedom Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$838.3MAssets
$737.5MLoans
$711.5MDeposits
$82.8MEquity

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 17 of 30).
  • Widest gap: tier 1 capital ratio trails 90% of banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area (rank 28 of 31).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.88%

Rank 7 of 31

Net Interest Margin

3.02%

Rank 20 of 31

Efficiency Ratio

63.10%

Rank 7 of 31

Equity / Assets

9.87%

Rank 26 of 31

Non-interest income vs. expense

$0.6M$16.5MINCOMEEXPENSE
Unfavorable gap of $15.9M · efficiency ratio beats 81% of banks under $1B in assets in the New York-Newark-Jersey City, NY-NJ area
Bank 63.10%Peer median 83.7%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.88%-0.02%0.39%0.84%Beats 77%7 / 31
Return on Equity8.95%-0.19%2.57%5.72%Beats 87%4 / 31
Net Interest Margin3.02%2.51%3.30%3.85%Beats 35%20 / 31
Efficiency Ratio63.10%68.41%83.66%91.76%Beats 81%7 / 31
Asset Quality
Nonperforming Loans / Loans0.28%0.18%0.47%2.65%Beats 63%12 / 30
Net Charge-Offs / Loans0.00%n/an/a0.02%Beats 100%17 / 30
Capital
Tier 1 Capital Ratio11.95%13.24%15.54%26.77%Beats 10%28 / 31
Total Risk-Based Capital Ratio12.62%14.07%16.32%26.77%Beats 13%27 / 31
Equity / Assets9.87%10.38%13.26%17.83%Beats 16%26 / 31
Liquidity & Funding
Loans / Deposits103.65%84.03%94.98%103.65%74th pctl8 / 31
Loans / Assets87.97%61.61%75.31%83.78%97th pctl1 / 31
Brokered Deposits / Depositsn/aNot reported for this institution