Vitals
  • Total Assets
    258.7M -3.2 %
  • Total Deposits
    209.2M -2.2 %
  • Total Net Loans
    191.3M 2.6 %
  • Net Income
    3.1M -15.9 %
  • Book Value
    31.5M 1.6 %
  • Book Value x2
    63.0M 1.6 %
  • Book Value x3
    94.5M 1.6 %
ROAA

1.19

ROAE

9.795

Efficiency Ratio

62.169

Net Interest Margin

3.224

Balance Sheet Highlights
Financial Highlights Freedombank All Insured Commercial Banks in Iowa
Balance Sheet $(000)
Total Assets 258,728 198,346
Total Net Loans 191,294 133,864
Total Deposits 209,214 165,124
Total Equity 31,495 22,060
Profitability
Net Income 3,116 2,310
Return on Average Assets 1.19 1.15
Return on Average Equity 9.795 9.92
Net Interest Margin 3.224 3.587
Efficiency Ratio 62.169 60.34
Noninterest Income/Revenue 6.565 13.494
Balance Sheet Ratios
Loan-to-Deposit 91.435 77.091
Securities/Assets .181 .197
Total Equity/Total Assets .122 .111
Tangible Equity/Tangible Assets .107 .107
Capital Adequacy
Tier 1 Common Capital 28,515 21,135
Tier 1 Capital 28,515 21,140
Tier 2 Capital 2,376 1,625
Total Capital 30,891 22,777
Total Risk Weighted Assets 191,240 151,308
Leverage Ratio 11.19 10.944
Common Equity Tier 1 Capital Ratio 14.91 15.631
Tier 1 Capital Ratio 14.91 15.631
Total Capital Ratio 16.15 16.675

Timeline for Freedombank

Postville State Bank

Acquisition: Freedombank acquired a new subsidiary, Postville State Bank, 18 years

View Profile Mar 31 2006

Union State Bank

Acquisition: Freedombank acquired a new subsidiary, Union State Bank, 18 years

View Profile Mar 31 2006

Leroy C. Darby, Inc.

Leroy C. Darby, Inc. became a new parent organization for Freedombank.

View Profile Sep 11 1993

Keystone Bancshares, Incorporated

Keystone Bancshares, Incorporated became a new parent organization for Freedombank.

View Profile Dec 27 1978

Freedombank

Freedombank was established 121 years ago and is currently headquartered in Elkader, IA.

Jan 01 1903
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Postville State Bank Seller 65,917 Pooling of Interests Discontinued 3/31/2006
Union State Bank Seller 74,103 Pooling of Interests Discontinued 3/31/2006
Relationships Role Relationship Start Relationship End
Leroy C. Darby, Inc. Parent 9/11/1993
Keystone Bancshares, Incorporated Parent 12/31/1983 9/10/1993
Keystone Bancshares, Incorporated Parent 12/31/1982 12/30/1983
Keystone Bancshares, Incorporated Parent 12/31/1979 12/30/1982
Keystone Bancshares, Incorporated Parent 12/27/1978 12/30/1979
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