Freedom Financial Bank
West Des Moines, IA
IDRSSD: 2735137
Total Assets
$267.44M
Latest filing
Total Deposits
$198.12M
Latest filing
Net Interest Margin
3.18%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Freedom Financial Bank
1255 Jordan Creek Pkwy
West Des Moines, IA 50266
Full Service - Brick and Mortar
Updated 11/14/2025Established 02/22/1999FDIC Certificate 73855
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Freedom Financial Bank (Main) | 1255 Jordan Creek Pkwy | West Des Moines, IA |
| DES MOINES BRANCH | 600 Martin Luther King Jr Pkwy | Des Moines, IA |
Showing 1 of 1
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 02/22/1999 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 50266 |
| State and County Number | 19049 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 07 |
| Numeric code | 13 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Des Moines-West Des Moines, IA |
Operational Info
| Number of Employees | 18 |
| Domestic Offices | 2 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 02/22/1999 |
| Primary Insurance Agency | DIF |
| Website | www.freedomfinancialbank.com |
| Data Updated | 11/14/2025 |
| CERT | 35031 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $267.44M |
| Total Deposits | $198.12M |
| Total Liabilities | $242.75M |
| Total Equity Capital | $24.68M |
| Net Income | $953.00k |
| Net Loans and Leases | $220.50M |
| Assets Per Employee ($Millions) | $14.86M |
| Bank Premises and Fixed Assets | $4.31M |
| Cash and Balances due from Depository Institutions | $25.57M |
| Deposits Held in Domestic Offices | $198.12M |
Key Performance Ratios
| Return on Assets (ROA) | 1.43% |
| Return on Equity (ROE) | 15.43% |
| Net Interest Margin | 3.18% |
| Efficiency Ratio | 50.07% |
| Tier 1 Risk-Based Capital Ratio | 10.302% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.07% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.229% |
| Earning Assets to total Assets | 95.96% |
Income and Expense
| Total Interest Income | $3.69M |
| Total Noninterest Income | $35.00k |
| Total Interest Expense | $1.65M |
| Total Noninterest Expense | $1.04M |
| Net Interest Income | $2.04M |
| Pre-tax Net Operating Income | $989.00k |
| Provision for Credit Losses | $45.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $42.58M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.06M |
| Total Liabilities and Capital | $267.44M |
Securities
| Securities | $13.37M |
| Available-for-sale debt securities | $5.64M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $7.73M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Freedom Financial Bank?
$267.44M as of the latest filing.
How much are Freedom Financial Bank's total deposits?
$198.12M in total deposits.
Where is Freedom Financial Bank located?
West Des Moines, IA.
What is the Net Interest Margin?
3.18%.
How many domestic offices does it operate?
2.
When was it established?
02/22/1999.
What is the Return on Assets (ROA)?
1.43%.
How much are total loans and leases?
$220.50M (latest filing).
What is the total interest income (latest filing)?
$3.69M.