Freedom Bank: how it compares with its peers
Against 15 NJ banks with half to twice its assets, Freedom Bank's strongest measure in Q2 2026 is assets per employee ($14.2M vs. a $10.4M peer median). Its weakest relative measure is net interest margin (3.15% vs. 3.19%).
| Measure | Freedom Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.89% | 0.53% | Top third Ahead of 73% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.15% | 3.19% | Middle third Ahead of 47% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 63.10% | 73.46% | Middle third Ahead of 60% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $14.2M | $10.4M | Top third Ahead of 80% of peers |
| Loans to deposits Net loans and leases over total deposits. | 103.02% | 86.75% | Context |
What it means for lending operations
Its efficiency ratio of 63.10% is better than the 73.46% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Hana Bank USA, National Association Fort Lee, NJ · $835M
- Bogota Savings Bank Teaneck, NJ · $872M
- Newfield National Bank Newfield, NJ · $889M
- Cenlar FSB Ewing, NJ · $782M
- New Millennium Bank Fort Lee, NJ · $899M
- Haven Savings Bank Hoboken, NJ · $987M
Questions about Freedom Bank
How big is Freedom Bank?
Freedom Bank, established in 2008, is headquartered in Maywood, NJ. It reported $838M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Freedom Bank's return on assets?
0.89% annualized in Q2 2026, against a 0.53% median for 15 NJ banks with half to twice its assets, ahead of 73% of them.
What is Freedom Bank's efficiency ratio?
63.10% in Q2 2026: it spent about 63 cents in noninterest expense for each dollar of revenue. The peer median is 73.46%, and lower is better.
Is Freedom Bank growing its loans?
Net loans grew 8.3% over the year to Q2 2026, while deposits grew 9.1%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NJ banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every New Jersey bank ranked.