Freehold Savings Bank in Freehold, New Jersey (NJ)

Show street view No street view available for this location
Table of contents:
Freehold Savings Bank
GeneralFDIC Certificate #: 30519
Status: Active
Federal Reserve ID: 588478
Date Established: January 01, 1869
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
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
Undivided profits $32,191
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
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Average assets$39
Average earning assets$258,182
Average equity $31,384
Average loans $242,310
Back to page top, Back to table top

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
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Freehold Savings Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.