Freedom National Bank

Freedom National Bank is headquartered in Greenville and is the 12^st largest bank in the state of Rhode Island. It is also the 5,313^st largest bank in the nation. It was established in 2001 and as of March of 2012, it had grown to 18 employees at 2 locations. Freedom National Bank has a 4-star health rating.

Freedom National Bank Routing Number: 011501705

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Data for Q1 2012

Institution Statistics Freedom National Bank FDIC Certificate # 57254 BankRate Report View Year Established 2001 Employees 18 Primary Regulator OCC Assets and Liabilities Assets $86.57 million Loans $60.36 million Deposits $72.43 million Equity Capital $8.13 million Loan Loss Allowance $1.08 million Unbacked Noncurrent Loans $1.27 million Real Estate Owned $125,000 Historic Data - March 2011 Assets $85.33 million Equity Capital $7.96 million Loan Loss Allowance $1.25 million Unbacked Noncurrent Loans $2.50 million Real Estate Owned $441,000 Profit Margin - Quarterly Net Interest Margin 3.44% Return on Assets -0.82% Return on Equity -8.8% Interest Income $914,000

Institution Health Overall Score: 4 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 National Bank had $1.39 million in non-current loans and owned real-estate with $9.21 million in equity and loan loss allowances on hand to cover it. This gives Freedom National Bank a Texas Ratio of 15.11% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Freedom National Bank decreased significantly from 31.96% as of March 31, 2011 to 15.11% as of March 31, 2012, resulting in a positive change of 52.71%.This indicates that the balance sheet and financial strength for Freedom National Bank has improved significantly in recent periods. Deposit Growth In the past year, Freedom National Bank has increased its total deposits by $2.77 million, resulting in 3.98% 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 National Bank has shown is above average. 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 National Bank has $86.57 million in assets with $9.21 million in equity, resulting in a capitalization level of 10.64%, which is above average.

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