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.
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 Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58208 |
| Year Established | 2006 |
| Employees | 68 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.06% |
| Return on Equity - YTD | 10.16% |
| Annual Interest Income | $5.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $505.3MM$479.2MM |
| Loans | Q1 2020vs Q1 2019 | $418.5MM$391.0MM |
| Deposits | Q1 2020vs Q1 2019 | $436.7MM$427.3MM |
| Equity Capital | Q1 2020vs Q1 2019 | $52.3MM$48.9MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $4.7MM$4.4MM |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $3.9MM$3.2MM |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$94.00K |