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 FreedomBank
FreedomBank
| RSSD ID 652043 | CERTIFICATE 11767 | ABA NUMBER 73913218 |
| 210 S Main St |
Quarter Ended : |
2025-03-31 |
| Elkader, Iowa, 52043 |
Updated : |
2025-04-24 |
| www.freedombnk.com |
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| Institution Profile |
| Year Opened : |
1903 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
051 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
4 |
Number of Employees : |
55 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 451,010 |
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Total Interest Income | 5,162 |
| Total Liabilities | 407,723 |
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Total NonInterest Income | 306 |
| Total Bank Equity Capital | 43,287 |
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Total Interest Expense | 2,090 |
| Total Deposits | 389,851 |
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Total NonInterest Expense | 2,216 |
| Net Loans & Leases | 310,876 |
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Net Income | 1,098 |
| Loan Loss Allowance | 3,483 |
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Net Charge Offs | 5 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 308,902 |
| Total assets for the leverage ratio | 424,104 |
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Loans secured by real estate: | 188,685 |
| Tier 1 Leverage Ratio | 9.99 |
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Commercial and industrial loans | 41,535 |
| Off Balance Sheet Exposures (%) | 9.06 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 7,845 |
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:· FreedomBank
