Freedom Bank, Inc.

Overview / Commentary

www.freedombankwv.com

304-823-1531

20 Crim Avenue
Belington, WV 26250

Freedom Bank, Inc. is headquartered in Belington and is the 28^th largest bank in the state of West Virginia. It is also the 3,181^st largest bank in the nation. It was established in 1939 and as of December of 2019, it had grown to 54 employees at 5 locations. Freedom Bank, Inc. has a B+ health rating.

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Health

B+

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #	15664
Year Established	1939
Employees	54
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.88%
Return on Equity - YTD	8.27%
Annual Interest Income	$6.8MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$166.0MM$161.3MM
Loans	Q4 2019vs Q4 2018	$128.7MM$130.4MM
Deposits	Q4 2019vs Q4 2018	$145.5MM$137.4MM
Equity Capital	Q4 2019vs Q4 2018	$18.3MM$17.1MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$1.7MM$1.6MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$3.4MM$3.7MM
Real Estate Owned	Q4 2019vs Q4 2018	$1.6MM$1.8MM

Rates

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Savings
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Freedom Bank, Inc. Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.45%	-	-	IRA Statement Savings
0.15%^*	$25k^*	-	Freedom Bank Savings Accounts
OTHER TIERS: 0.05% → Up to $1k \| 0.10% → $1k - $25k

Freedom Bank, Inc. CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%	$1k	-	60 Month CD
0.75%	$1k	-	48 Month CD
0.70%	$10k	-	30 Month Freedom CD
0.65%	$1k	-	23 Month CD Special
0.60%	$500	-	36 Month CD
0.50%	$500	-	24 Month CD
0.40%	$500	-	18 Month CD
0.35%	$1k	-	15 Month CD Special
0.30%	$500	-	12 Month CD
0.18%	$500	-	6 Month CD
0.12%	$500	-	3 Month CD
0.10%	$500	-	10 Day CD
0.10%	$500	-	1 Month CD

Freedom Bank, Inc. IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%	$1k	-	60 Month IRA
0.75%	$1k	-	48 Month IRA
0.70%	$10k	-	30 Month Freedom IRA
0.65%	$1k	-	23 Month IRA Special
0.60%	$500	-	36 Month IRA
0.50%	$500	-	24 Month IRA
0.40%	$500	-	18 Month IRA
0.35%	$1k	-	15 Month IRA Special
0.30%	$500	-	12 Month IRA
0.18%	$500	-	6 Month IRA
0.12%	$500	-	3 Month IRA
0.10%	$500	-	10 Day IRA
0.10%	$500	-	1 Month IRA

Locations

Freedom Bank, Inc. Locations
Phillipi Branch	124 South Main Street	Philippi, WV 26416
Freedom Bank, Inc.	20 Crim Avenue	Belington, WV 26250
Bridgeport Branch	625 West Main Street	Bridgeport, WV 26330
Elkins Branch	Route 219/250 South	Elkins, WV 26241
Buckhannon Branch	302 Rr 20, South Road	Buckhannon, WV 26201

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.