FreedomBank

Overview / Commentary

www.freedombnk.com

563-245-2522

210 South Main
Elkader, IA 52043

FreedomBank is headquartered in Elkader and is the 56^th largest bank in the state of Iowa. It is also the 1,840^th largest bank in the nation. It was established in 1903 and as of September of 2021, it had grown to 64 employees at 5 locations. FreedomBank has a B+ health rating.

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Health

B+

Data as of Q3 2021

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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	1.02%
Return on Equity - YTD	9.02%
Annual Interest Income	$12.5MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$467.0MM$439.5MM
Loans	Q3 2021vs Q3 2020	$287.9MM$334.3MM
Deposits	Q3 2021vs Q3 2020	$384.9MM$351.5MM
Equity Capital	Q3 2021vs Q3 2020	$54.3MM$51.7MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$4.4MM$3.3MM
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$12.4MM$15.5MM
Real Estate Owned	Q3 2021vs Q3 2020	$427.00K$351.00K

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not FreedomBank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.40%	-	-	IRA
0.40%	$100	-	KEOGH Savings
0.10%	-	-	Variable Rate IRA
0.10%^*	$10k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $10k
0.05%	-	-	Savings

FreedomBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.40%^*	$250k^*	-	Freedom Bank Money Market Savings
OTHER TIERS: 0.05% → Up to $5k \| 0.10% → $5k - $50k \| 0.15% → $50k - $100k \| 0.25% → $100k - $250k

FreedomBank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Freedom Plus Checking

FreedomBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$1k	-	60 Month CD
0.75%	$500	-	60 Month Kids CD
0.75%	$1k	-	Business 60 Month CD
0.40%	$1k	-	48 Month CD
0.40%	$1k	-	42 Month CD
0.40%	$500	-	42 Month Kids CD
0.40%	$500	-	48 Month Kids CD
0.40%	$1k	-	Business 42 Month CD
0.40%	$1k	-	Business 48 Month CD
0.30%	$1k	-	36 Month CD
0.30%	$1k	-	30 Month CD
0.30%	$1k	-	24 Month CD
0.30%	$500	-	24 Month Kids CD
0.30%	$500	-	30 Month Kids CD
0.30%	$500	-	36 Month Kids CD
0.30%	$1k	-	Business 24 Month CD
0.30%	$1k	-	Business 30 Month CD
0.30%	$1k	-	Business 36 Month CD
0.20%	$1k	-	18 Month CD
0.20%	$500	-	18 Month Kids CD
0.20%	$1k	-	Business 18 Month CD
0.10%	$1k	-	12 Month CD
0.10%	$1k	-	182 Day CD
0.10%	$500	-	182 Day Kids CD
0.10%	$500	-	12 Month Kids CD
0.10%	$1k	-	Business 182 Day CD
0.10%	$1k	-	Business 12 Month CD
0.05%	$1k	-	91 Day CD
0.05%	$500	-	91 Day Kids CD
0.05%	$1k	-	Business 91 Day 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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