First Freedom Bank
First Freedom Bank is headquartered in Lebanon and is the 47th largest bank in the state of Tennessee. It is also the 1,658th largest bank in the nation. It was established in 2006 and as of June of 2017, it had grown to 69 employees at 6 locations. First Freedom Bank has a B+ health rating.
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.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58208 |
| Year Established | 2006 |
| Employees | 69 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 9% |
| Annual Interest Income | $8.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $420.7MM$430.1MM |
| Loans | Q2 2017vs Q2 2016 | $342.3MM$311.9MM |
| Deposits | Q2 2017vs Q2 2016 | $347.7MM$371.0MM |
| Equity Capital | Q2 2017vs Q2 2016 | $43.5MM$40.5MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $4.2MM$4.2MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $3.0MM$3.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $79.00K$534.00K |
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| First Freedom Bank Locations | ||
|---|---|---|
| Mt. Juliet Branch | 12888 Lebanon Road | Mount Juliet, TN 37122 |
| First Freedom Bank | 1620 West Main Street | Lebanon, TN 37087 |
| Providence Parkway Branch | Providence Pkwy | Mount Juliet, TN 37122 |
| Jackson Bank & Trust Branch | 307 Hull Ave | Gainesboro, TN 38562 |
| Algood - Jbt Branch | 614 West Main Street | Cookeville, TN 38506 |
| Jackson Street Branch | 376 West Jackson Street | Cookeville, TN 38501 |