FreedomBank


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

FreedomBank is headquartered in Elkader and is the 51st largest bank in the state of Iowa. It is also the 1,732nd largest bank in the nation. It was established in 1903 and as of June of 2019, it had grown to 64 employees at 5 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
Employees64
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.37%
Return on Equity - YTD11.33%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$410.8MM$272.0MM
LoansQ2 2019vs Q2 2018$322.2MM$210.7MM
DepositsQ2 2019vs Q2 2018$319.5MM$207.9MM
Equity CapitalQ2 2019vs Q2 2018$49.4MM$31.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.3MM$1.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$3.7MM$1.6MM
Real Estate OwnedQ2 2019vs Q2 2018$88.00K$282.00K
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

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
2.02%$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
1.83%$1k-36 Month CD Special
1.83%$500-36 Month Kids CD Special
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 Branch106 South Main StreetMonona, IA 52159
Postville Office Branch135 West TildenPostville, IA 52162
Freedombank210 South MainElkader, IA 52043
Waukon Branch201 West Main StreetWaukon, IA 52172
Wal-Mart Branch1798 Old Stage RoadDecorah, IA 52101

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