FreedomBank
Elkader, IA
IDRSSD: 652043
Total Assets
$440.82M
Latest filing
Total Deposits
$378.02M
Latest filing
Net Interest Margin
3.50%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
FreedomBank
210 S Main St
Elkader, IA 52043
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1903FDIC Certificate 7525
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| FreedomBank (Main) | 210 S Main St | Elkader, IA |
| POSTVILLE OFFICE BRANCH | 135 W Tilden St | Postville, IA |
| WAUKON BRANCH | 201 W Main St | Waukon, IA |
| MONONA OFFICE BRANCH | 106 S Main St | Monona, IA |
Showing 3 of 3
Quarterly Trends
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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 non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1903 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 52043 |
| State and County Number | 19043 |
| Subchapter S Corporations | Yes |
| Trust Powers | Trust Powers Grandfathered |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 56 |
| Domestic Offices | 4 |
| 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 | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.freedombnk.com |
| Data Updated | 01/30/2026 |
| CERT | 11767 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $440.82M |
| Total Deposits | $378.02M |
| Total Liabilities | $394.49M |
| Total Equity Capital | $46.33M |
| Net Income | $1.65M |
| Net Loans and Leases | $323.85M |
| Assets Per Employee ($Millions) | $8.16M |
| Bank Premises and Fixed Assets | $4.01M |
| Cash and Balances due from Depository Institutions | $5.85M |
| Deposits Held in Domestic Offices | $378.02M |
Key Performance Ratios
| Return on Assets (ROA) | 1.5% |
| Return on Equity (ROE) | 14.27% |
| Net Interest Margin | 3.5% |
| Efficiency Ratio | 53.15% |
| Tier 1 Risk-Based Capital Ratio | 13.276% |
| 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 | 10.509% |
| Earning Assets to total Assets | 92.78% |
Income and Expense
| Total Interest Income | $5.46M |
| Total Noninterest Income | $286.00k |
| Total Interest Expense | $1.92M |
| Total Noninterest Expense | $2.04M |
| Net Interest Income | $3.54M |
| Pre-tax Net Operating Income | $1.72M |
| Provision for Credit Losses | $75.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $80.00k |
| Other borrowed funds | $14.04M |
| Federal Funds Sold & Reverse Repurchase Agreement | $7.91M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.44M |
| Total Liabilities and Capital | $440.82M |
Securities
| Securities | $76.61M |
| Available-for-sale debt securities | $76.44M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of FreedomBank?
$440.82M as of the latest filing.
How much are FreedomBank's total deposits?
$378.02M in total deposits.
Where is FreedomBank located?
Elkader, IA.
What is the Net Interest Margin?
3.50%.
How many domestic offices does it operate?
4.
When was it established?
01/01/1903.
What is the Return on Assets (ROA)?
1.5%.
How much are total loans and leases?
$323.85M (latest filing).
What is the total interest income (latest filing)?
$5.46M.