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	11/14/2025
CERT	11767
Office of The Comptroller District:	—
Office of Thrift Supervision Region	N/A

Financial Summary

Total Assets	$435.94M
Total Deposits	$369.16M
Total Liabilities	$389.96M
Total Equity Capital	$45.98M
Net Income	$1.24M
Net Loans and Leases	$320.72M
Assets Per Employee ($Millions)	$7.78M
Bank Premises and Fixed Assets	$4.06M
Cash and Balances due from Depository Institutions	$6.94M
Deposits Held in Domestic Offices	$369.16M

Return on Assets (ROA)	1.13%
Return on Equity (ROE)	10.82%
Net Interest Margin	3.32%
Efficiency Ratio	62.73%
Tier 1 Risk-Based Capital Ratio	13.522%
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	10.548%
Earning Assets to total Assets	92.2%

Total Interest Income	$5.29M
Total Noninterest Income	$288.00k
Total Interest Expense	$1.95M
Total Noninterest Expense	$2.27M
Net Interest Income	$3.33M
Pre-tax Net Operating Income	$1.27M
Provision for Credit Losses	$75.00k
Discontinued Operations (Extraordinary Gains - Net)	$0

Goodwill and Other Intangibles	$0
All Other Assets	$0
Other Real Estate Owned	$227.00k
Other borrowed funds	$14.05M
Federal Funds Sold & Reverse Repurchase Agreement	$0
Federal Funds Purchased and Repurchased Agreement	$3.63M
All Other Liabilities	$3.11M
Total Liabilities and Capital	$435.94M

Securities	$80.49M
Available-for-sale debt securities	$80.33M
Equity securities with readily determinable fair values not held for trading	$0
Held-to-maturity securities	$0
Subordinated Debt	$0
Trading Account Assets	$0
Trading Liabilities	$0

What are the total assets of FreedomBank?

$435.94M as of the latest filing.

How much are FreedomBank's total deposits?

$369.16M in total deposits.

Where is FreedomBank located?

Elkader, IA.

What is the Net Interest Margin?

3.32%.

How many domestic offices does it operate?

When was it established?

01/01/1903.

What is the Return on Assets (ROA)?

1.13%.

How much are total loans and leases?

$320.72M (latest filing).

What is the total interest income (latest filing)?

$5.29M.