FreedomBank

Overview / Commentary

www.freedombnk.com

563-245-2522

210 South Main
Elkader, IA 52043

FreedomBank is headquartered in Elkader and is the 84^th largest bank in the state of Iowa. It is also the 2,394^th largest bank in the nation. It was established in 1903 and as of March of 2019, it had grown to 38 employees at 3 locations. FreedomBank's CD rates are 2X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2019

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Health Grade Components

Overall
FDIC Certificate #	11767
Year Established	1903
Employees	38
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.3%
Return on Equity - YTD	10.65%
Annual Interest Income	$2.8MM

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$268.0MM$271.2MM
Loans	Q1 2019vs Q1 2018	$206.2MM$211.6MM
Deposits	Q1 2019vs Q1 2018	$201.8MM$212.6MM
Equity Capital	Q1 2019vs Q1 2018	$33.3MM$31.8MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$2.2MM$1.8MM
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$3.4MM$2.2MM
Real Estate Owned	Q1 2019vs Q1 2018	$90.00K$367.00K

Rates

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Savings
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
2.53%^*	$100k^*	-	IRA
OTHER TIERS: 1.77% → Up to $25k \| 2.28% → $25k - $100k
2.53%^*	$100k^*	-	KEOGH Savings
OTHER TIERS: 1.77% → $100 - $25k \| 2.28% → $25k - $100k
1.92%^*	$100k^*	-	Variable Rate IRA
OTHER TIERS: 1.01% → Up to $25k \| 1.61% → $25k - $100k

FreedomBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.77%^*	$100k^*	-	60 Month CD
OTHER TIERS: 2.01% → $1k - $25k \| 2.52% → $25k - $100k
2.77%^*	$100k^*	-	60 Month Kids CD
OTHER TIERS: 2.01% → $500 - $25k \| 2.52% → $25k - $100k
2.52%^*	$100k^*	-	48 Month CD
OTHER TIERS: 1.76% → $1k - $25k \| 2.26% → $25k - $100k
2.52%^*	$100k^*	-	48 Month Kids CD
OTHER TIERS: 1.76% → $500 - $25k \| 2.26% → $25k - $100k
2.31%^*	$100k^*	-	42 Month CD
OTHER TIERS: 1.56% → $1k - $25k \| 2.26% → $25k - $100k
2.31%^*	$100k^*	-	42 Month Kids CD
OTHER TIERS: 1.56% → $500 - $25k \| 2.26% → $25k - $100k
2.26%^*	$25k^*	-	36 Month CD
OTHER TIERS: 1.51% → $1k - $25k
2.26%^*	$25k^*	-	30 Month CD
OTHER TIERS: 1.25% → $1k - $25k
2.26%^*	$25k^*	-	24 Month CD
OTHER TIERS: 1.25% → $1k - $25k
2.26%^*	$25k^*	-	24 Month Kids CD
OTHER TIERS: 1.25% → $500 - $25k
2.26%^*	$25k^*	-	30 Month Kids CD
OTHER TIERS: 1.25% → $500 - $25k
2.26%^*	$25k^*	-	36 Month Kids CD
OTHER TIERS: 1.51% → $500 - $25k
2.15%	$1k	-	36 Month CD Special
2.15%	$500	-	36 Month Kids CD Special
2.02%	$1k	-	91 Day CD
2.02%	$500	-	91 Day Kids CD
2.01%^*	$100k^*	-	18 Month CD
OTHER TIERS: 1.25% → $1k - $25k \| 1.71% → $25k - $100k
2.01%^*	$100k^*	-	18 Month Kids CD
OTHER TIERS: 1.25% → $500 - $25k \| 1.71% → $25k - $100k
1.91%^*	$100k^*	-	12 Month CD
OTHER TIERS: 1.00% → $1k - $25k \| 1.61% → $25k - $100k
1.91%^*	$100k^*	-	12 Month Kids CD
OTHER TIERS: 1.00% → $500 - $25k \| 1.61% → $25k - $100k
1.81%^*	$100k^*	-	182 Day CD
OTHER TIERS: 0.75% → $1k - $25k \| 1.51% → $25k - $100k
1.81%^*	$100k^*	-	182 Day Kids CD
OTHER TIERS: 0.75% → $500 - $25k \| 1.51% → $25k - $100k

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

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