FreedomBank

Overview / Commentary

www.freedombnk.com

563-245-2522

210 South Main
Elkader, IA 52043

FreedomBank is headquartered in Elkader and is the 51^st largest bank in the state of Iowa. It is also the 1,732^nd 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

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #	11767
Year Established	1903
Employees	64
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.37%
Return on Equity - YTD	11.33%
Annual Interest Income	$7.3MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$410.8MM$272.0MM
Loans	Q2 2019vs Q2 2018	$322.2MM$210.7MM
Deposits	Q2 2019vs Q2 2018	$319.5MM$207.9MM
Equity Capital	Q2 2019vs Q2 2018	$49.4MM$31.1MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$2.3MM$1.9MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$3.7MM$1.6MM
Real Estate Owned	Q2 2019vs Q2 2018	$88.00K$282.00K

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
1.82%^*	$100k^*	-	Variable Rate IRA
OTHER TIERS: 0.75% → Up to $25k \| 1.51% → $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
2.02%	$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
1.55%	$1k	-	36 Month CD Special
1.55%	$500	-	36 Month Kids CD Special

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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