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Overview / Commentary
1200 4th Street North
Saint Petersburg, FL 33701

Freedom Bank of America is headquartered in Saint Petersburg and is the 157th largest bank in the state of Florida. It is also the 4,554th largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 24 employees at 4 locations. Freedom Bank of America has a A+ health rating.

Reviews (1)

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. 


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Freedom Bank of America had $801,000 in non-current loans and owned real-estate with $14.84 million in equity and loan loss allowances on hand to cover it. This gives Freedom Bank of America a Texas Ratio of 5.40% which is excellent. 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 decreased dramatically from 22.65% as of March 31, 2013 to 5.40% as of March 31, 2014, resulting in a positive change of 76.16%.This indicates that the balance sheet and financial strength for Freedom Bank of America has improved dramatically in recent periods.

Deposit Growth


In the past year, Freedom Bank of America has increased its total deposits by $14.91 million, resulting in 18.99% 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 excellent.



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 $107.06 million in assets with $14.84 million in equity, resulting in a capitalization level of 13.86%, which is excellent.

Institution Statistics

FDIC Certificate #57945
Year Established2005
Primary RegulatorFDIC
Assets and Liabilities
Assets$107.06 million
Loans$76.88 million
Deposits$93.39 million
Equity Capital$13.43 million
Loan Loss Allowance$1.41 million
Unbacked Noncurrent Loans$67,000
Real Estate Owned$734,000
Historic Data - March 2013
Assets$89.10 million
Equity Capital$10.37 million
Loan Loss Allowance$2.05 million
Unbacked Noncurrent Loans$67,000
Real Estate Owned$734,000
Profit Margin - Quarterly
Net Interest Margin3.78%
Return on Assets11.06%
Return on Equity94.66%
Interest Income$944,000

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Freedom Bank of America Locations
Freedom Bank Of America1200 4th Street NorthSaint Petersburg, FL 33701
Operations Branch9700 Koger BlvdSaint Petersburg, FL 33702
Koger Branch9700 Koger BoulevardSaint Petersburg, FL 33702