Overview / Commentary
563-245-2522
210 South Main
Elkader, IA 52043

FreedomBank is headquartered in Elkader and is the 80th largest bank in the state of Iowa. It is also the 2,384th largest bank in the nation. It was established in 1903 and as of September of 2018, it had grown to 43 employees at 3 locations. FreedomBank's CD rates are 2X the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #11767
Year Established1903
Employees43
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD10.21%
Annual Interest Income$8.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$267.2MM$258.6MM
LoansQ3 2018vs Q3 2017$206.1MM$198.2MM
DepositsQ3 2018vs Q3 2017$203.3MM$197.4MM
Equity CapitalQ3 2018vs Q3 2017$30.9MM$32.3MM
Loan Loss AllowanceQ3 2018vs Q3 2017$2.1MM$2.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.3MM$1.5MM
Real Estate OwnedQ3 2018vs Q3 2017$280.00K$369.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
1.82%*$100k*-Variable Rate IRA
OTHER TIERS: 0.75% Up to $25k | 1.51% $25k - $100k
0.15%--Health Savings Account
0.15%--Savings

FreedomBank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Checking w/Interest Account

FreedomBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
2.01%*$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
1.51%*$100k*-91 Day CD
OTHER TIERS: 0.50% $1k - $25k | 1.26% $25k - $100k
1.51%*$100k*-91 Day Kids CD
OTHER TIERS: 0.50% $500 - $25k | 1.26% $25k - $100k
Locations


FreedomBank Locations
Monona Office Branch106 South Main StreetMonona, IA 52159
Postville Office Branch135 West TildenPostville, IA 52162
Freedombank210 South MainElkader, IA 52043

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