Freedom Bank is a state-chartered bank headquartered in Maywood, New Jersey, in business for about 18 years. At the end of Q2 2026 it reported $838.3M in total assets and $711.5M in deposits, with 5 offices.
Freedom Bank has a TellerScore of 63 out of 100 (moderate) based on Q2 2026 data — higher than only 24% of its 2,650 banks with $100 million – $1 billion. Among 50 banks headquartered in New Jersey, it ranks 28th. Problem-loan coverage contributes the most (95/100, 2.4%); funding & liquidity contributes the least (33/100, 103% loans-to-deposits, 36% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 3 points (60 → 63), mostly because the earnings component improved by 11 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 57 |
| Q3 2024 | 59 |
| Q4 2024 | 60 |
| Q1 2025 | 60 |
| Q2 2025 | 60 |
| Q3 2025 | 61 |
| Q4 2025 | 61 |
| Q1 2026 | 62 |
| Q2 2026 | 63 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 10.05% |
| Q3 2024 | 9.73% |
| Q4 2024 | 9.91% |
| Q1 2025 | 10.01% |
| Q2 2025 | 9.94% |
| Q3 2025 | 9.90% |
| Q4 2025 | 9.57% |
| Q1 2026 | 9.56% |
| Q2 2026 | 9.78% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.43% |
| Q3 2024 | 0.31% |
| Q4 2024 | 0.30% |
| Q1 2025 | 0.30% |
| Q2 2025 | 0.39% |
| Q3 2025 | 0.27% |
| Q4 2025 | 0.27% |
| Q1 2026 | 0.27% |
| Q2 2026 | 0.28% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.39% |
| Q3 2024 | 0.46% |
| Q4 2024 | 0.52% |
| Q1 2025 | 0.53% |
| Q2 2025 | 0.61% |
| Q3 2025 | 0.66% |
| Q4 2025 | 0.66% |
| Q1 2026 | 0.79% |
| Q2 2026 | 0.89% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 63 | $838.3M | 9.78% | 0.28% | 0.89% | 103.0% |
| Q1 2026 | 62 | $856.1M | 9.56% | 0.27% | 0.79% | 99.7% |
| Q4 2025 | 61 | $812.5M | 9.57% | 0.27% | 0.66% | 101.3% |
| Q3 2025 | 61 | $814.0M | 9.90% | 0.27% | 0.66% | 104.4% |
| Q2 2025 | 60 | $772.8M | 9.94% | 0.39% | 0.61% | 103.8% |
| Q1 2025 | 60 | $774.8M | 10.01% | 0.30% | 0.53% | 102.4% |
| Q4 2024 | 60 | $768.7M | 9.91% | 0.30% | 0.52% | 102.8% |
| Q3 2024 | 59 | $762.3M | 9.73% | 0.31% | 0.46% | 104.2% |
| Q2 2024 | 57 | $748.6M | 10.05% | 0.43% | 0.39% | 109.4% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in New Jersey
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Hana Bank USA, National AssociationBank Fort Lee, NJ | 88 out of 100, Very strong | $835.2M | 25.4% | 0.00% | vs |
| Bogota Savings BankBank Teaneck, NJ | 50 out of 100, Below average | $871.8M | 15.5% | 4.30% | vs |
| Newfield National BankBank Newfield, NJ | 72 out of 100, Strong | $889.1M | 10.1% | 0.02% | vs |
| Cenlar FSBBank Ewing, NJ | 71 out of 100, Strong | $782.0M | 16.6% | 0.21% | vs |
| New Millennium BankBank Fort Lee, NJ | 79 out of 100, Strong | $899.1M | 14.6% | 0.58% | vs |
| Haven Savings BankBank Hoboken, NJ | 53 out of 100, Below average | $986.9M | 8.7% | 0.40% | vs |
Deposit insurance
Is my money safe at Freedom Bank?
Yes. Freedom Bank is an FDIC-insured institution (FDIC certificate #58712). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 36.4% of deposits ($259.3M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.78%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.62% (benchmark: 10%).
5 locations
Branches
Freedom Bank lists 5 offices in 5 cities. Most locations:
- East Rutherford, NJ (1)
- Guttenberg, NJ (1)
- Mahwah, NJ (1)
- Maywood, NJ (1)
- Ridgewood, NJ (1)
HMDA 2025
Mortgage lending
In 2025, Freedom Bank reported 45 home-loan applications under HMDA (LEI 549300K9D373DH6LF245): 32 originated ($65,720,000 total), 1 denied, and 5 withdrawn or closed by the applicant. Its denial rate on decided applications was 2.5%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Freedom Bank
- Type
- State-chartered bank
- FDIC certificate #
- 58712
- RSSD ID
- 3729124
- Primary regulator
- FDIC
- Holding company
- Freedom Bcorp Inc
- Established
- April 17, 2008
- Headquarters
- 99 W Essex St, Maywood, NJ 07607
- Website
- www.freedombanknj.com
- Employees
- 59
Quick answers
Freedom Bank: common questions
Is Freedom Bank FDIC insured?
Yes. Freedom Bank is an FDIC-insured institution (FDIC certificate #58712). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Freedom Bank's TellerScore?
63 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Freedom Bank ever failed?
There is no failure record for FDIC certificate #58712 in the FDIC failed bank list.
How many branches does Freedom Bank have?
5 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Maywood
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| The Bank of New York Mellon Trust Company, National AssociationBank Los Angeles, CA | 100 out of 100, Very strong | $1.4B | 63.5% | 0.00% | vs |
| Wakefern Federal Credit UnionCredit union Elizabeth, NJ | 99 out of 100, Very strong | $12.0M | 24.3% | 0.13% | vs |
| Scf Westchester N. Y. Employees Federal Credit UnionCredit union White Plains, NY | 93 out of 100, Very strong | $1.5M | 23.8% | 0.18% | vs |
| B.S. and C.P. Hospitals Employees Federal Credit UnionCredit union Bronx, NY | 93 out of 100, Very strong | $1.0M | 34.2% | 0.00% | vs |
| Paul Quinn Federal Credit UnionCredit union Jamaica, NY | 93 out of 100, Very strong | $358K | 26.1% | 0.00% | vs |
| NorthEast Community BankBank White Plains, NY | 90 out of 100, Very strong | $2.1B | 17.3% | 0.00% | vs |