Freehold Savings Bank in Freehold, New Jersey (NJ)



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Freehold Savings Bank
GeneralFDIC Certificate #: 30519
Status: Active
Federal Reserve ID: 588478
Date Established: January 01, 1869
WWW: http://www.freeholdsla.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 5489
FDIC's unique #: 43353
Numeric code: 37
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: September 11, 1951
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 68 W Main St, Freehold, NJ 7728
County: Monmouth
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Jamesburg
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Monmouth-Ocean, NJ (#5190)
Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
Core Based Statistical Division: Edison-New Brunswick, NJ (#20764)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $262.4 mil
Equity capital: $32.2 mil
Deposits held in domestic offices: $182.6 mil
Return on assets (ROA): 0.63% ($1.7 mil)
Quarterly return on assets: 0.60% ($1.6 mil)
Return on Equity (ROE): 5.17% ($1.7 mil)
Quarterly return on equity: 4.89% ($1.6 mil)
Net income: $1.6 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.97% ($2,544.9 mil)
Quarterly Pretax return on assets: 0.90% ($2,361.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)18
Total assets$262,356
Cash and due from depository institutions$5,869
Interest-bearing balances$5,013
Securities$180,139
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$61,120
Loan loss allowance $637
Trading account assets$0
Bank premises and fixed assets$1,147
Other real estate owned$50
Goodwill and other intangibles$0
All other assets$14,031
Life insurance assets$262,356
Total liabilities and capital$230,164
Total liabilities$182,619
Total deposits$179,515
Interest-bearing deposits$182,619
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$42,920
Other borrowed funds $0
Subordinated debt $4,625
All other liabilities $32,192
Total equity capital$32,192
Total bank equity capital$32,192
Perpetual preferred stock$0
Common stock$1
Surplus$0
Undivided profits $32,191
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $161
Earning assets $0
Long-term assets (5+ years) $651
Average Assets, year-to-date $246,272
Average Assets, quarterly $0
Volatile liabilities $258,182
Insider loans $262,597
FHLB advances $84,598
Loans and leases held for sale $262,356
Unused loan commitments $8,051
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $32,192
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,305
Derivatives$1,122
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,584
Total interest expense $3,248
Net interest income $5,336
Provision for loan and lease losses $0
Total noninterest income $473
Fiduciary activities $0
Service charges on deposit accounts $48
Trading account gains & fees $0
Additional noninterest income $425
Total noninterest expense $3,309
Salaries and employee benefits $2,019
Premises and equipment expense $600
Additional noninterest expense $690
Pre-tax net operating income $2,500
Securities gains (losses) $0
Applicable income taxes $876
Income before extraordinary items $1,624
Extraordinary gains - net $0
Net income attributable to bank $1,624
Net charge-offs $0
Cash dividends $1,624
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.54%
Cost of funding earning assets 1.34%
Net interest margin 2.20%
Noninterest income to earning assets 0.20%
Noninterest expense to earning assets 1.37%
Net operating income to assets 0.63%
Return on assets (ROA) 0.63%
Pretax return on assets 0.97%
Return on equity (ROE) 5.17%
Retained earnings to average equity (YTD only) 5.17%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$56,963
Cash dividends to net income (YTD only)14.58%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.03%
Noncurrent assets plus other real estate owned to assets 395.65%
Noncurrent loans to loans 0.08%
Net loans and leases to deposits0.26%
Net loans and leases to core deposits 33.47%
Equity capital to assets 38.41%
Core capital (leverage) ratio 12.27%
Tier 1 risk-based capital ratio 12.27%
Total risk-based capital ratio 38.05%
Memoranda
Average assets$39
Average earning assets$258,182
Average equity $31,384
Average loans $242,310
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2 New Jersey Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043353Freehold Savings Bank68 W Main St, Freehold, NJ 7728January 01, 1869Full Service Brick and Mortar
100280665Freehold Twp Branch3649 Rt. 9, Freehold, NJ 7728June 30, 1985Full Service Brick and Mortar
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