Institution Statistics
| Freedom Bank of America | | FDIC Certificate # | 57945 | | BankRate Report | View | | Year Established | 2005 | | Employees | 18 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $83.77 million | | Loans | $63.29 million | | Deposits | $78.60 million | | Equity Capital | $5.01 million | | Loan Loss Allowance | $1.44 million | | Unbacked Noncurrent Loans | $2.43 million | | Real Estate Owned | $2.38 million |
Historic Data - March 2011 | | Assets | $92.57 million | | Equity Capital | $5.44 million | | Loan Loss Allowance | $1.69 million | | Unbacked Noncurrent Loans | $701,000 | | Real Estate Owned | $4.34 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.08% | | Return on Assets | -0.15% | | Return on Equity | -2.63% | | Interest Income | $890,000 |
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Institution Health
Overall Score:
2 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Freedom Bank of America had $4.81 million in non-current loans and owned real-estate with $6.45 million in equity and loan loss allowances on hand to cover it. This gives Freedom Bank of America a Texas Ratio of 74.66% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Freedom Bank of America held steady from 70.65% as of March 31, 2011 to 74.66% as of March 31, 2012, resulting in a negative change of 5.67%. This indicates that the balance sheet and financial strength for Freedom Bank of America has held steady in recent periods. | | Deposit Growth |  | | In the past year, Freedom Bank of America has decreased its total deposits by -$8.05 million, resulting in -9.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Freedom Bank of America has shown is poor. | | Capitalization | | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Freedom Bank of America has $83.77 million in assets with $6.45 million in equity, resulting in a capitalization level of 7.70%, which is below average. |
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Average User Rating:
Freedom Bank Of America
This bank makes it very difficult to conduct business. Will not cash a 2-party check if one person does not have an account. Put a cash deposit on hold for several days. Savings account was cancelled due to inactivity for a short while and not allowed to be reopened, wouldn't allow CD purchase with money already in the account. Everything is a hassle.