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 1,759^th largest bank in the nation. It was established in 1903 and as of September of 2019, it had grown to 66 employees at 5 locations. FreedomBank's money market rates are 3X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q3 2019

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Health Grade Components

Overall
FDIC Certificate #	11767
Year Established	1903
Employees	66
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.35%
Return on Equity - YTD	11.17%
Annual Interest Income	$11.8MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$401.5MM$267.2MM
Loans	Q3 2019vs Q3 2018	$320.4MM$206.1MM
Deposits	Q3 2019vs Q3 2018	$306.2MM$203.3MM
Equity Capital	Q3 2019vs Q3 2018	$48.6MM$30.9MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$2.3MM$2.1MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$7.4MM$1.3MM
Real Estate Owned	Q3 2019vs Q3 2018	$223.00K$280.00K

Rates

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Savings
Money Market
Checking
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
1.76%^*	$10k^*	-	Health Savings Account
OTHER TIERS: 0.15% → Up to $500 \| 0.30% → $500 - $10k
0.30%	-	-	Savings

FreedomBank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.26%^*	$500k^*	-	Freedom Bank Money Market Savings
OTHER TIERS: 0.30% → Up to $5k \| 0.75% → $5k - $25k \| 0.90% → $25k - $100k \| 1.00% → $100k - $500k

FreedomBank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	-	-	Freedom Plus Checking

FreedomBank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.31%^*	$100k^*	-	60 Month CD
OTHER TIERS: 2.01% → $1k - $25k \| 2.21% → $25k - $100k
2.31%^*	$100k^*	-	60 Month Kids CD
OTHER TIERS: 2.01% → $500 - $25k \| 2.21% → $25k - $100k
2.21%^*	$100k^*	-	48 Month CD
OTHER TIERS: 1.76% → $1k - $25k \| 2.01% → $25k - $100k
2.21%^*	$100k^*	-	48 Month Kids CD
OTHER TIERS: 1.76% → $500 - $25k \| 2.01% → $25k - $100k
2.01%^*	$100k^*	-	42 Month CD
OTHER TIERS: 1.56% → $1k - $25k \| 1.91% → $25k - $100k
2.01%^*	$100k^*	-	36 Month CD
OTHER TIERS: 1.51% → $1k - $25k \| 1.91% → $25k - $100k
2.01%^*	$100k^*	-	30 Month CD
OTHER TIERS: 1.25% → $1k - $25k \| 1.81% → $25k - $100k
2.01%^*	$100k^*	-	30 Month Kids CD
OTHER TIERS: 1.25% → $500 - $25k \| 1.81% → $25k - $100k
2.01%^*	$100k^*	-	36 Month Kids CD
OTHER TIERS: 1.51% → $500 - $25k \| 1.91% → $25k - $100k
2.01%^*	$100k^*	-	42 Month Kids CD
OTHER TIERS: 1.56% → $500 - $25k \| 1.91% → $25k - $100k
1.91%^*	$100k^*	-	24 Month CD
OTHER TIERS: 1.25% → $1k - $25k \| 1.76% → $25k - $100k
1.91%^*	$100k^*	-	24 Month Kids CD
OTHER TIERS: 1.25% → $500 - $25k \| 1.76% → $25k - $100k
1.71%^*	$100k^*	-	18 Month CD
OTHER TIERS: 1.25% → $1k - $25k \| 1.40% → $25k - $100k
1.71%^*	$100k^*	-	18 Month Kids CD
OTHER TIERS: 1.25% → $500 - $25k \| 1.40% → $25k - $100k
1.61%^*	$100k^*	-	12 Month CD
OTHER TIERS: 1.00% → $1k - $25k \| 1.30% → $25k - $100k
1.61%^*	$100k^*	-	12 Month Kids CD
OTHER TIERS: 1.00% → $500 - $25k \| 1.30% → $25k - $100k
1.55%	$1k	-	36 Month CD Special
1.55%	$500	-	36 Month Kids CD Special
1.51%^*	$100k^*	-	182 Day CD
OTHER TIERS: 0.75% → $1k - $25k \| 1.25% → $25k - $100k
1.51%^*	$100k^*	-	91 Day CD
OTHER TIERS: 0.75% → $1k - $25k \| 1.26% → $25k - $100k
1.51%^*	$100k^*	-	91 Day Kids CD
OTHER TIERS: 0.75% → $500 - $25k \| 1.26% → $25k - $100k
1.51%^*	$100k^*	-	182 Day Kids CD
OTHER TIERS: 0.75% → $500 - $25k \| 1.25% → $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
Waukon Branch	201 West Main Street	Waukon, IA 52172
Wal-Mart Branch	1798 Old Stage Road	Decorah, IA 52101

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