Overview / Commentary
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.
Health
B+
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 15664 |
| Year Established | 1939 |
| Employees | 56 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 8.48% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $163.1MM$161.7MM |
| Loans | Q1 2019vs Q1 2018 | $130.9MM$127.4MM |
| Deposits | Q1 2019vs Q1 2018 | $144.2MM$140.5MM |
| Equity Capital | Q1 2019vs Q1 2018 | $16.9MM$16.0MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $1.6MM$1.7MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $3.1MM$4.0MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $1.6MM$2.0MM |
Rates
Rates for Freedom Bank, Inc. are currently being reviewed.
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 |