Major Rating Factors:
Operating profits as a percentage of assets at 0.9%, coupled with a return on assets of 0.7 has resulted in Fair (3.8) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (3.7 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (8.4 on a scale of 0 to 10) based on a risk-based capital ratio of 12.7 and a capital leverage ratio of 9.9. A current level of 2.3 percent of nonperforming loans to core capital combined with 2.6 percent from a year earlier contributes to the Good asset quality (6.0).
Asset Mix:
Comm re (36%), home mtgs (18%), securities (3%), home eq lns (2%), comm loans (0%), other (40%)
States with Branches:
NJ
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Freedom Bancorp, Inc.
Investment Rating
--
Address
99 West Essex Street
Maywood, NJ 07607
Maywood, NJ 07607
Phone Number
(201) 599-3000
Year Founded
2008
FDIC Number
Website
Largest Affiliates
No affiliate information available.