Freedom Bank
Sterling, IL — Domestic Branch of a Domestic Bank
Acquired Mar 2014
Vitals
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Total Assets65.5M -7.4 %
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Total Deposits52.1M -10.9 %
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Total Net Loans37.6M -14.4 %
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Net Income65000.0000 104.1 %
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Book Value5.1M 9.9 %
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Book Value x210.1M 9.9 %
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Book Value x315.2M 9.9 %
Balance Sheet Highlights
| Financial Highlights | Freedom Bank | All Insured Commercial Banks in Illinois |
| Balance Sheet $(000) | ||
| Total Assets | 65,532 | 239,274 |
| Total Net Loans | 37,600 | 144,836 |
| Total Deposits | 52,089 | 204,593 |
| Total Equity | 5,074 | 23,654 |
| Profitability | ||
| Net Income | 65 | 1,800 |
| Return on Average Assets | .832 | .717 |
| Return on Average Equity | 12.764 | 6.873 |
| Net Interest Margin | 4.489 | 3.428 |
| Efficiency Ratio | 67.586 | 70.63 |
| Noninterest Income/Revenue | 6.46 | 15.64 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 72.184 | 65.961 |
| Securities/Assets | .242 | .23 |
| Total Equity/Total Assets | .077 | .099 |
| Tangible Equity/Tangible Assets | .064 | .095 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 4,190 | 22,772 |
| Tier 2 Capital | 16 | 1,715 |
| Total Capital | 4,206 | 24,537 |
| Total Risk Weighted Assets | 43,388 | 162,183 |
| Leverage Ratio | 6.41 | 9.94 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 9.66 | 16.112 |
| Total Capital Ratio | 9.69 | 17.177 |
Timeline for Freedom Bank
Illinois Bank & Trust
Freedom Bank was acquired by Illinois Bank & Trust 10 years
View Profile Mar 08 2014
Dubuque Bank And Trust Company
Dubuque Bank And Trust Company became a new parent organization for Freedom Bank.
View Profile Nov 23 2013
River Valley Bancorp, Inc.
River Valley Bancorp, Inc. became a new parent organization for Freedom Bank.
View Profile Jan 14 2003
Freedom Bank
Freedom Bank was established 133 years ago and is currently headquartered in Sterling, IL.
Jan 01 1891| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Illinois Bank & Trust | Buyer | 748,801 | Pooling of Interests | Discontinued | 3/8/2014 |
| Relationships | Role | Relationship Start | Relationship End |
| Dubuque Bank And Trust Company | Parent | 11/23/2013 | 3/7/2014 |
| River Valley Bancorp, Inc. | Parent | 1/14/2003 | 11/22/2013 |
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