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

Freedom Bank, Inc. is headquartered in Belington and is the 34th largest bank in the state of West Virginia. It is also the 3,475th largest bank in the nation. It was established in 1939 and as of December of 2016, it had grown to 54 employees at 5 locations. Freedom Bank, Inc. has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #15664
Year Established1939
Employees54
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD6.31%
Annual Interest Income$5.6MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$156.4MM$154.7MM
LoansQ4 2016vs Q4 2015$125.8MM$119.5MM
DepositsQ4 2016vs Q4 2015$130.2MM$133.2MM
Equity CapitalQ4 2016vs Q4 2015$15.7MM$15.0MM
Loan Loss AllowanceQ4 2016vs Q4 2015$2.5MM$2.9MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$3.0MM$4.1MM
Real Estate OwnedQ4 2016vs Q4 2015$1.7MM$1.7MM
Rates

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Locations


Freedom Bank, Inc. Locations
Phillipi Branch124 South Main StreetPhilippi, WV 26416
Freedom Bank, Inc.315 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