First Freedom Bank
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Data as of · sourced from FFIEC call reports. How we update
First Freedom Bank is an FDIC-insured commercial bank headquartered in Lebanon, TN, established in 2006 (FDIC certificate 58208), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $817.8M, up 7.3% from Q2 2025, the 41st largest of 109 banks headquartered in Tennessee. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.46% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58208
- Headquarters
- Lebanon, TN
- Established
- 2006
- Total assets, Q2 2026
- $817.8M
- Assets vs Q2 2025
- +7.3%
- Tier 1 leverage ratio, Q2 2026
- 12.46%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 064109086
- Holding company
- FIRST FREEDOM BANCSHARES, INC.
- Asset rank in state
- 41st of 109 in Tennessee
First Freedom Bank leans heavily on commercial real estate. The Lebanon, Tennessee bank had $818 million in assets at June 30, 2026, up 7.3% from a year earlier. It holds commercial real estate loans worth 3.3 times its capital, about triple the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it spends about 47 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 61 cents).
Net income for the quarter rose 14% from a year earlier, to $3.2 million. Over the same year, loans grew 11.5% and deposits grew 6.0%. Funding is the softer spot: it pays an average of 2.50% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, First Freedom Bank reported a return on assets of 1.59%, a nonperforming-loan ratio of 0.01% and a Texas ratio of 3.05%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, First Freedom Bank is the 41st largest of the 109 banks headquartered in Tennessee. Between Q1 2026 and Q2 2026, its total assets rose 4.7% to $817.8M, loans rose 5.1% and deposits rose 4.9%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 32.4% of total loans, followed by 1-4 family residential loans at 19.7%. The FDIC Summary of Deposits lists 6 offices for it, in 4 cities in TN; its Lebanon office books 49% of its branch deposits. Judged on its Q2 2026 call report, First Freedom Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1620 W Main St, Lebanon, TN 37087
- County
- Wilson
- Metro Area
- Nashville-Davidson-Murfreesboro-Franklin, TN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- April 3, 2006
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 71
- Domestic deposits
- $710.0M
- Allowance for credit losses
- $7.6M
- Net charge-offs (YTD)
- $431K
- Average total assets
- $798.1M
- Average total loans
- $676.3M
- Average interest-bearing deposits
- $621.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 3, 2006
- FDIC Cert
- 58208
- Fed RSSD
- 3437148
- SEC CIK
- 1447879 → filed by FIRST FREEDOM BANCSHARES, INC.
- Website
- www.firstfreedombank.com →
- Parent Holding Company
- FIRST FREEDOM BANCSHARES, INC. (RSSD 3807899)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, First Freedom Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
First Freedom Bank's total assets moved between a low of $634.1M (Q3 2023) and a high of $817.8M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$817.8M total assets against $761.8M; $718.2M total liabilities against $676.1M.
$680.0M net loans and leases against $609.9M; $710.0M total deposits against $669.7M.
$24.7M securities against $33.0M; $70.5M cash and balances due against $78.6M.
$12.3M total interest income against $11.8M; $4.3M total interest expense against $4.7M.
$7.9M net interest income against $7.1M.
$513K total noninterest income against $509K; $4.0M total noninterest expense against $3.8M.
$429K provision for credit losses against $349K.
$3.2M net income against $2.8M.
1.59% return on assets against 1.45%; 4.17% net interest margin against 3.90%.
12.46% tier 1 leverage ratio against 11.19%.
Inside the full First Freedom Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
First Freedom Bank rankings
Its closest position to the top of a national ranking is 572 of 3,606, for efficiency ratio; its furthest is 1,849 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.09% (Q1 2025) to 2.46% (Q1 2026) and its net interest margin ran from 3.44% (Q1 2025) to 4.19% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.46% | 1.59% | 0.01% | 3.05% | 4.17% |
| Q1 2026 | 12.56% | 2.46% | 0.53% | 3.37% | 4.18% |
| Q4 2025 | 12.33% | 1.66% | 0.09% | 0.57% | 4.19% |
| Q3 2025 | 11.96% | 1.74% | 0.09% | 0.61% | 4.06% |
| Q2 2025 | 11.19% | 1.45% | 0.10% | 0.65% | 3.90% |
| Q1 2025 | 10.71% | 1.09% | 0.09% | 0.60% | 3.44% |
| Q4 2024 | 10.87% | 1.39% | 0.02% | 0.14% | 3.56% |
| Q3 2024 | 11.16% | 1.64% | 0.08% | 1.53% | 3.75% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Freedom Bank (main office) | Lebanon , TN | 37087 | $347.6M |
| Jackson Street Branch | Cookeville , TN | 38501 | $106.5M |
| Jackson Bank & Trust Branch | Gainesboro , TN | 38562 | $105.7M |
| Mt. Juliet Branch | Mount Juliet , TN | 37122 | $67.4M |
| Providence Parkway Branch | Mount Juliet , TN | 37122 | $49.8M |
| Algood - Jbt Branch | Cookeville , TN | 38506 | $32.9M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in TN, rank 58 of 165 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 78 applications, 37 loans originated, $19.8M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $1.1M approved, $1.1M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2013 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 1 complaints in the last 1 full quarter. Raw counts, not adjusted for size
- Period: 2022-Q4. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about First Freedom Bank
What are First Freedom Bank's total assets?
As of the Q2 2026 filing, First Freedom Bank reported total assets of $817.8 million in its FFIEC call report.
Where is First Freedom Bank headquartered?
It is headquartered in Lebanon, TN, United States.
When was First Freedom Bank founded?
It was established in 2006, per the FDIC institution directory.
Is First Freedom Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58208). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Freedom Bank?
First Freedom Bank's primary federal regulator is the FDIC.
How many branches does First Freedom Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Freedom Bank's Texas Ratio?
Its Texas Ratio is 3.05% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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