First Freedom Bank

Overview / Commentary
1620 West Main Street
Lebanon, TN 37087

First Freedom Bank is headquartered in Lebanon and is the 44th largest bank in the state of Tennessee. It is also the 1,460th largest bank in the nation. It was established in 2006 and as of March of 2020, it had grown to 68 employees at 6 locations. First Freedom Bank has an A health rating.

Reviews (1)

They were there for me!

First Freedom Bank was there for me as I entered into a financial situation in my life and I was accustomed to working with small hometown banks. Once I moved to Lebanon, TN, I decided that I would move my banking practices to First Freedom and have been there since 2011. I now have a savings account and my primary account there. The CSR's have been nothing but friendly, emphatic, and understanding of my situation. I often communicate with them if issues or payments coming from my account arise and they are always caring and consistently give me the top notch in customer service. In 2015 I moved to a city 3 hours from First Freedom Bank and with the mobile app and my relationship I have kept all banking operations there. I am appreciative of the fairness of their fees and the fact they do not charge for my checking and savings account. I am looking in the near future to potentially work with First Freedom Bank in setting up an IRA account.


Health Grade Components

FDIC Certificate #58208
Year Established2006
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD10.16%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$505.3MM$479.2MM
LoansQ1 2020vs Q1 2019$418.5MM$391.0MM
DepositsQ1 2020vs Q1 2019$436.7MM$427.3MM
Equity CapitalQ1 2020vs Q1 2019$52.3MM$48.9MM
Loan Loss AllowanceQ1 2020vs Q1 2019$4.7MM$4.4MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$3.9MM$3.2MM
Real Estate OwnedQ1 2020vs Q1 2019$0$94.00K

Sorry, we do not have rate data for First Freedom Bank.


First Freedom Bank Locations
Mt. Juliet Branch12888 Lebanon RoadMount Juliet, TN 37122
First Freedom Bank1620 West Main StreetLebanon, TN 37087
Providence Parkway BranchProvidence PkwyMount Juliet, TN 37122
Jackson Bank & Trust Branch307 Hull AveGainesboro, TN 38562
Algood - Jbt Branch614 West Main StreetCookeville, TN 38506
Jackson Street Branch376 West Jackson StreetCookeville, TN 38501

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