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Freedombank
Elkader, IA · FDIC Certificate #11767 · Chartered 01/0
Total assets
$433.88M
Total deposits
$367.94M
Total equity
$48.92M
Net loans
$330.90M
Branches (offices)
4
Net income (YTD)
$2.66M
Rank: #1,953 of 4,213 U.S. banks by assets · #74 of 225 in Iowa. Assets changed -0.4% and deposits -1.3% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.22% |
| Return on equity | 11.20% |
| Net interest margin (YTD) | 3.52% |
| Equity to assets | 11.27% |
| Tier 1 leverage ratio | 10.70% |
| Uninsured deposits (share of deposits) | 18.4% |
| Noncurrent loans (share of loans) | 0.26% |
| Net charge-offs (share of loans) | 0.02% |
| Loans to deposits | 89.9% |
| Real estate loans (share of loans) | 70.3% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $232.56M | 70.3% | |
| Commercial & industrial | $35.26M | 10.7% | |
| Consumer / individual | $7.20M | 2.2% | |
| Construction & development | $11.19M | 3.4% | |
| Agricultural | $57.91M | 17.5% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $457.89M | $396.84M | $2.32M | $42.30M |
| Jun 2023 | $436.48M | $370.63M | $5.75M | $40.66M |
| Jun 2024 | $429.25M | $365.40M | $1.64M | $40.50M |
| Jun 2025 | $435.78M | $372.96M | $2.31M | $45.39M |
| Jun 2026 | $433.88M | $367.94M | $2.66M | $48.92M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Iowa | $367.94M | 4 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $367.94M.
Similar-sized banks
The St. Henry Bank ($435.57M) · Foresight Bank ($433.79M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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