Freedom Bank in city_name, state_name - Detailed Financial Reports, Location

Freedom Bank in Huntingburg, Indiana (IN)
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Freedom Bank routing number info

Freedom Bank - Overview

General
FDIC Certificate #: 35221
Status: Active
Federal Reserve ID: 2858492
Bank Holding Company (Regulatory Top Holder): Freedom Bancorp (RSSDID: 3575787, Location: Huntingburg, IN)
Date Established: November 22, 1999
WWW: http://www.freedombankonline.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 76776
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 22, 1999
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 1405 North Main Street, Huntingburg, IN 47542
County: Dubois
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Jasper, IN (#27540)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $310.5 mil
Equity capital: $27.7 mil
Deposits held in domestic offices: $273.2 mil
Return on assets (ROA): 0.94% ($2.9 mil)
Quarterly return on assets: -0.06% (-$0.2 mil)
Return on Equity (ROE): 10.28% ($2.9 mil)
Quarterly return on equity: -0.62% (-$0.2 mil)
Net income: $2.7 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: 2.23% ($6,923.7 mil)
Quarterly Pretax return on assets: 2.47% ($7,668.8 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
46Total employees (full-time equivalent)
$310,478Total assets
$22,466Cash and due from depository institutions
$16,135Interest-bearing balances
$5,751Securities
$6,784Federal funds sold & reverse repurchase agreements
$269,185Net loans & leases
$5,194Loan loss allowance
$0Trading account assets
$2,038Bank premises and fixed assets
$758Other real estate owned
$0Goodwill and other intangibles
$310,478Life insurance assets
$3,496All other assets
$282,780Total liabilities and capital
$273,165Total liabilities
$236,664Total deposits
$273,165Interest-bearing deposits
$77Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,720Trading liabilities
$0Other borrowed funds
$895Subordinated debt
$27,698All other liabilities
$27,698Total equity capital
$27,698Total bank equity capital
$0Perpetual preferred stock
$916Common stock
$7,610Surplus
$19,172Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,516Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,114Income earned, not collected on loans
$0Earning assets
$1,215Long-term assets (5+ years)
$297,855Average Assets, year-to-date
$63,096Average Assets, quarterly
$291,092Volatile liabilities
$306,248Insider loans
$238,540FHLB advances
$307,395Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$27,662Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$36,063Restructured Loans and leases
$6,816Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$14,139Total interest income
$3,160Total interest expense
$10,979Net interest income
$900Provision for loan and lease losses
$1,451Total noninterest income
$0Fiduciary activities
$489Service charges on deposit accounts
$0Trading account gains & fees
$962Additional noninterest income
$5,029Total noninterest expense
$2,601Salaries and employee benefits
$406Premises and equipment expense
$2,022Additional noninterest expense
$6,501Pre-tax net operating income
$0Securities gains (losses)
$3,761Applicable income taxes
$2,740Income before extraordinary items
$0Extraordinary gains - net
$2,740Net income attributable to bank
$0Net charge-offs
$2,740Cash dividends
$193Sale, conversion, retirement of capital stock, net
$200Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.07%Yield on earning assets
1.13%Cost of funding earning assets
3.94%Net interest margin
0.52%Noninterest income to earning assets
1.81%Noninterest expense to earning assets
0.94%Net operating income to assets
0.94%Return on assets (ROA)
2.23%Pretax return on assets
10.28%Return on equity (ROE)
9.53%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
466.32%Credit loss provision to net charge-offs
38.35%Efficiency ratio
40,459Assets per employee
6.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
7.30%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
245.70%Noncurrent assets plus other real estate owned to assets
0.93%Noncurrent loans to loans
0.77%Net loans and leases to deposits
98.54%Net loans and leases to core deposits
104.20%Equity capital to assets
8.92%Core capital (leverage) ratio
9.00%Tier 1 risk-based capital ratio
11.60%Total risk-based capital ratio
Memoranda
$13Average assets
$291,092Average earning assets
$26,650Average equity
$278,613Average loans

List of branches

4 Indiana Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	76776	Freedom Bank	1405 North Main Street, Huntingburg, IN 47542	November 22, 1999	Full Service Brick and Mortar
1	301166	Dale Branch	10 East Medcalf Street, Dale, IN 47523	Febuary 22, 2000	Full Service Brick and Mortar
3	362766	Jasper Branch	75 South Us 231, Jasper, IN 47546	November 21, 2001	Full Service Brick and Mortar
4	419354	Rockport Branch	2596 W Ridgeway Dr, Rockport, IN 47635	July 01, 2002	Full Service Brick and Mortar

Freedom Bank in Huntingburg, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Freedom Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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Freedom Bank in Huntingburg, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

Freedom Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Freedom Bank in Huntingburg, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches