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Freedom Bank, Inc.


Overview / Commentary
304-823-1531
315 Crim Avenue
Belington, WV 26250

Freedom Bank, Inc. is headquartered in Belington and is the 29th largest bank in the state of West Virginia. It is also the 3,268th largest bank in the nation. It was established in 1939 and as of March of 2019, it had grown to 56 employees at 5 locations. Freedom Bank, Inc. has a B+ health rating.

Reviews

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Health
B+

Health Grade Components

Overall
FDIC Certificate #15664
Year Established1939
Employees56
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD8.48%
Annual Interest Income$1.6MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$163.1MM$161.7MM
LoansQ1 2019vs Q1 2018$130.9MM$127.4MM
DepositsQ1 2019vs Q1 2018$144.2MM$140.5MM
Equity CapitalQ1 2019vs Q1 2018$16.9MM$16.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$1.6MM$1.7MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$3.1MM$4.0MM
Real Estate OwnedQ1 2019vs Q1 2018$1.6MM$2.0MM
Rates

Rates for Freedom Bank, Inc. are currently being reviewed.

Locations


Freedom Bank, Inc. Locations
Phillipi Branch124 South Main StreetPhilippi, WV 26416
Freedom Bank, Inc.20 Crim AvenueBelington, WV 26250
Bridgeport Branch625 West Main StreetBridgeport, WV 26330
Elkins BranchRoute 219/250 SouthElkins, WV 26241
Buckhannon Branch302 Rr 20, South RoadBuckhannon, WV 26201

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