FreedomBank

Overview / Commentary

www.freedombnk.com

563-245-2522

210 South Main
Elkader, IA 52043

FreedomBank is headquartered in Elkader and is the 52^nd largest bank in the state of Iowa. It is also the 1,727^th largest bank in the nation. It was established in 1903 and as of March of 2020, it had grown to 66 employees at 5 locations. FreedomBank's money market rates are 36% higher than the national average, and it boasts an A+ health rating.

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Health

A+

Data as of Q1 2020

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Health Grade Components

Overall
FDIC Certificate #	11767
Year Established	1903
Employees	66
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.4%
Return on Equity - YTD	11.63%
Annual Interest Income	$4.7MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$416.1MM$268.0MM
Loans	Q1 2020vs Q1 2019	$325.1MM$206.2MM
Deposits	Q1 2020vs Q1 2019	$323.6MM$201.8MM
Equity Capital	Q1 2020vs Q1 2019	$51.0MM$33.3MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$2.3MM$2.2MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$1.3MM$3.4MM
Real Estate Owned	Q1 2020vs Q1 2019	$222.00K$90.00K

Rates

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Savings
Money Market
Checking
CD

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

FreedomBank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$100k^*	-	IRA
OTHER TIERS: 0.60% → Up to $100k
0.75%^*	$100k^*	-	KEOGH Savings
OTHER TIERS: 0.60% → $100 - $100k
0.50%^*	$10k^*	-	Health Savings Account
OTHER TIERS: 0.15% → Up to $500 \| 0.30% → $500 - $10k
0.40%^*	$100k^*	-	Variable Rate IRA
OTHER TIERS: 0.30% → Up to $100k
0.15%	-	-	Savings

FreedomBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%^*	$100k^*	-	Freedom Bank Money Market Savings
OTHER TIERS: 0.15% → Up to $5k \| 0.25% → $5k - $50k \| 0.50% → $50k - $100k

FreedomBank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	-	-	Freedom Plus Checking

FreedomBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.90%^*	$100k^*	-	60 Month CD
OTHER TIERS: 0.75% → $1k - $100k
0.90%^*	$100k^*	-	60 Month Kids CD
OTHER TIERS: 0.75% → $500 - $100k
0.75%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.60% → $1k - $100k
0.75%^*	$100k^*	-	48 Month Kids CD
OTHER TIERS: 0.60% → $500 - $100k
0.60%^*	$100k^*	-	42 Month CD
OTHER TIERS: 0.50% → $1k - $100k
0.60%^*	$100k^*	-	36 Month CD
OTHER TIERS: 0.50% → $1k - $100k
0.60%^*	$100k^*	-	36 Month Kids CD
OTHER TIERS: 0.50% → $500 - $100k
0.60%^*	$100k^*	-	42 Month Kids CD
OTHER TIERS: 0.50% → $500 - $100k
0.50%^*	$100k^*	-	30 Month CD
OTHER TIERS: 0.40% → $1k - $100k
0.50%^*	$100k^*	-	24 Month CD
OTHER TIERS: 0.40% → $1k - $100k
0.50%^*	$100k^*	-	18 Month CD
OTHER TIERS: 0.40% → $1k - $100k
0.50%^*	$100k^*	-	12 Month CD
OTHER TIERS: 0.40% → $1k - $100k
0.50%^*	$100k^*	-	12 Month Kids CD
OTHER TIERS: 0.40% → $500 - $100k
0.50%^*	$100k^*	-	18 Month Kids CD
OTHER TIERS: 0.40% → $500 - $100k
0.50%^*	$100k^*	-	24 Month Kids CD
OTHER TIERS: 0.40% → $500 - $100k
0.50%^*	$100k^*	-	30 Month Kids CD
OTHER TIERS: 0.40% → $500 - $100k
0.40%^*	$100k^*	-	182 Day CD
OTHER TIERS: 0.30% → $1k - $100k
0.40%^*	$100k^*	-	182 Day Kids CD
OTHER TIERS: 0.30% → $500 - $100k
0.15%	$1k	-	91 Day CD
0.15%	$500	-	91 Day Kids CD

Locations

FreedomBank Locations
Monona Office Branch	106 South Main Street	Monona, IA 52159
Postville Office Branch	135 West Tilden	Postville, IA 52162
Freedombank	210 South Main	Elkader, IA 52043
Waukon Branch	201 West Main Street	Waukon, IA 52172
Wal-Mart Branch	1798 Old Stage Road	Decorah, IA 52101

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