FreedomBank in city_name, state_name - Detailed Financial Reports, Location

FreedomBank in Elkader, Iowa (IA)
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FreedomBank routing number info

FreedomBank - Overview

General
FDIC Certificate #: 11767
Status: Active
Federal Reserve ID: 652043
Bank Holding Company (Regulatory Top Holder): Leroy C. Darby, Inc. Esop (RSSDID: 2208033, Location: Elkader, IA)
Date Established: January 01, 1903
WWW: http://www.myfreedomaccount.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 9867
FDIC's unique #: 7525
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 03, 2006
Last Structure Change Process Date: December 22, 2006
Last Data Update: December 22, 2006
Data Source Date: April 05, 2012
Location
Address: 210 South Main, Elkader, IA 52043
County: Clayton
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
History of Changes
Name Change
Financial Summary
Total assets: $225.5 mil
Equity capital: $27.2 mil
Deposits held in domestic offices: $189.9 mil
Return on assets (ROA): 1.80% ($4.0 mil)
Quarterly return on assets: 1.59% ($3.6 mil)
Return on Equity (ROE): 15.01% ($4.1 mil)
Quarterly return on equity: 13.08% ($3.5 mil)
Net income: $4.0 mil
Quarterly Net income: $0.9 mil
Pretax return on assets: 1.84% ($4,148.5 mil)
Quarterly Pretax return on assets: 1.63% ($3,675.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
42Total employees (full-time equivalent)
$225,462Total assets
$6,192Cash and due from depository institutions
$53Interest-bearing balances
$37,014Securities
$0Federal funds sold & reverse repurchase agreements
$164,439Net loans & leases
$2,509Loan loss allowance
$0Trading account assets
$4,889Bank premises and fixed assets
$3,856Other real estate owned
$3,939Goodwill and other intangibles
$225,462Life insurance assets
$5,133All other assets
$198,223Total liabilities and capital
$189,910Total liabilities
$159,005Total deposits
$189,910Interest-bearing deposits
$89Deposits held in domestic offices
1175.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,000Trading liabilities
$0Other borrowed funds
$1,138Subordinated debt
$27,239All other liabilities
$27,239Total equity capital
$27,239Total bank equity capital
$0Perpetual preferred stock
$78Common stock
$9,474Surplus
$17,687Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,521Income earned, not collected on loans
$0Earning assets
$1,466Long-term assets (5+ years)
$201,506Average Assets, year-to-date
$42,841Average Assets, quarterly
$223,795Volatile liabilities
$224,239Insider loans
$164,524FHLB advances
$219,616Loans and leases held for sale
$2,039Unused loan commitments
$2,039Tier 1 (core) risk-based capital
$21,973Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$15,304Restructured Loans and leases
$232Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$11,160Total interest income
$2,317Total interest expense
$8,843Net interest income
$160Provision for loan and lease losses
$1,096Total noninterest income
$0Fiduciary activities
$428Service charges on deposit accounts
$0Trading account gains & fees
$668Additional noninterest income
$5,747Total noninterest expense
$2,983Salaries and employee benefits
$583Premises and equipment expense
$2,181Additional noninterest expense
$4,032Pre-tax net operating income
$95Securities gains (losses)
$106Applicable income taxes
$4,021Income before extraordinary items
$0Extraordinary gains - net
$4,021Net income attributable to bank
$0Net charge-offs
$4,021Cash dividends
$129Sale, conversion, retirement of capital stock, net
$3,028Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.57%Yield on earning assets
1.16%Cost of funding earning assets
4.41%Net interest margin
0.55%Noninterest income to earning assets
2.87%Noninterest expense to earning assets
1.76%Net operating income to assets
1.80%Return on assets (ROA)
1.84%Pretax return on assets
15.01%Return on equity (ROE)
3.71%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
124.03%Credit loss provision to net charge-offs
32.50%Efficiency ratio
57,481Assets per employee
5.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.30%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
164.96%Noncurrent assets plus other real estate owned to assets
2.38%Noncurrent loans to loans
0.91%Net loans and leases to deposits
86.59%Net loans and leases to core deposits
88.66%Equity capital to assets
12.08%Core capital (leverage) ratio
10.01%Tier 1 risk-based capital ratio
13.36%Total risk-based capital ratio
Memoranda
$15Average assets
$223,795Average earning assets
$26,781Average equity
$200,476Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$1,729Managed Assets
1Number of Accounts
$931Personal trust and agency accounts
$931Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
129Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$798Other retirement accounts
$798Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

3 Iowa Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	7525	Freedombank	210 South Main, Elkader, IA 52043	January 01, 1903	Full Service Brick and Mortar
2	3960	Monona Office Branch	106 South Main Street, Monona, IA 52159	May 01, 1933	Full Service Brick and Mortar
3	168	Postville Office Branch	135 West Tilden, Postville, IA 52162	October 25, 1872	Full Service Brick and Mortar

FreedomBank in Elkader, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

FreedomBank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

FreedomBank in Elkader, Iowa (IA)Overview, Financial Summary, Detailed Financial Reports, Branches

FreedomBank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

FreedomBank in Elkader, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches