Freedom Bank, Inc.
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Data as of · sourced from FFIEC call reports. How we update
Freedom Bank, Inc. is an FDIC-insured commercial bank headquartered in Philippi, WV, established in 1939 (FDIC certificate 15664), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $429.7M, the 14th largest of 40 banks headquartered in West Virginia. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.40% 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
- 15664
- Headquarters
- Philippi, WV
- Established
- 1939
- Total assets, Q2 2026
- $429.7M
- Tier 1 leverage ratio, Q2 2026
- 11.40%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 051504377
- Holding company
- FREEDOM BANCSHARES, INC.
- Asset rank in state
- 14th of 40 in West Virginia
Freedom Bank, Inc., based in Philippi, West Virginia, reported $430 million in assets at June 30, 2026, against $206 million a year earlier. It grew its loan book 148.2% over the year, 27.1 times the median of 5.5% for the 2,660 banks with $100 million to $1 billion in assets. It also keeps 4.79 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.95 cents).
Its $89 million non-owner-occupied commercial real estate book is improving, with 0.52% past due or on nonaccrual, down from 1.68% a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $6.1 million equal 13% of Tier 1 capital, down from 33% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.4 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, Freedom Bank, Inc. reported a return on assets of 1.64%, a nonperforming-loan ratio of 0.36% and a Texas ratio of 2.46%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Freedom Bank, Inc. is the 14th largest of the 40 banks headquartered in West Virginia. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.2% to $429.7M, loans rose 4.7% and deposits rose 2.3%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 40.2% of total loans, followed by non-owner-occupied commercial real estate loans at 28.5%. Its 9 offices in the FDIC Summary of Deposits are in 8 cities in WV; its Philippi 2 offices book 39% of its branch deposits. Judged on its Q2 2026 call report, Freedom Bank, Inc. meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 20 N Crim Ave, Philippi, WV 26250
- County
- Barbour
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 10, 1939
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 84
- Domestic deposits
- $380.4M
- Allowance for credit losses
- $3.0M
- Net charge-offs (YTD)
- $25K
- Average total assets
- $426.5M
- Average total loans
- $307.8M
- Average interest-bearing deposits
- $265.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 10, 1939
- FDIC Cert
- 15664
- Fed RSSD
- 629522
- Website
- www.freedombankwv.com →
- Parent Holding Company
- FREEDOM BANCSHARES, INC. (RSSD 1250053)
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, Freedom Bank, Inc. reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Freedom Bank, Inc.'s total assets ran between $202.4M (Q4 2024) and $429.7M (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
$429.7M total assets against $205.9M; $383.5M total liabilities against $187.3M.
$310.0M net loans and leases against $124.3M; $380.4M total deposits against $184.5M.
$76.5M securities against $39.1M; $16.5M cash and balances due against $29.7M.
$6.1M total interest income against $2.3M; $1.4M total interest expense against $315K.
$4.7M net interest income against $1.9M.
$927K total noninterest income against $352K; $3.4M total noninterest expense against $1.6M.
$203K provision for credit losses against $60K.
$1.7M net income against $552K.
1.64% return on assets against 1.08%; 4.79% net interest margin against 4.07%.
11.40% tier 1 leverage ratio against 11.95%.
Inside the full Freedom Bank, Inc. 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 are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Freedom Bank, Inc. rankings
Its closest position to the top of a national ranking is 1,020 of 3,611, for ROA; its furthest is 2,061 of 3,640, for Texas Ratio.
Banks merged into Freedom Bank, Inc.
- Bcbank, Inc., effective October 4, 2025
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.92% (Q3 2024) to 3.35% (Q4 2025) and its net interest margin ran from 3.77% (Q3 2024) to 4.79% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.40% | 1.64% | 0.36% | 2.46% | 4.79% |
| Q1 2026 | 11.37% | 1.32% | 0.32% | 2.58% | 4.70% |
| Q4 2025 | 11.17% | 3.35% | 0.28% | 2.37% | 4.47% |
| Q3 2025 | 12.11% | 1.03% | 0.28% | 2.83% | 3.97% |
| Q2 2025 | 11.95% | 1.08% | 0.33% | 3.55% | 4.07% |
| Q1 2025 | 11.68% | 1.00% | 1.00% | 6.68% | 3.82% |
| Q4 2024 | 11.31% | 1.16% | 0.52% | 4.05% | 4.09% |
| Q3 2024 | 10.73% | 0.92% | 0.88% | 7.57% | 3.77% |
Swipe the table sideways to see every column.
Branch Network
View all 9 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 |
|---|---|---|---|
| Bcbank Branch | Philippi , WV | 26416 | $105.1M |
| Freedom Bank, Inc. (main office) | Belington , WV | 26250 | $63.3M |
| Buckhannon Branch | Buckhannon , WV | 26201 | $46.0M |
| Philippi Branch | Philippi , WV | 26416 | $44.8M |
| Nutter Fort Office | Nutter Fort , WV | 26301 | $36.9M |
| Fairmont Branch | Fairmont , WV | 26554 | $27.0M |
| Elkins Branch | Elkins , WV | 26241 | $21.4M |
| Bridgeport Branch | Bridgeport , WV | 26330 | $18.3M |
| Farmington Branch | Farmington , WV | 26571 | $17.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 4, 2025 | Structure Change | Acquired Bcbank, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 3, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.8% of deposits in WV, rank 23 of 65 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $335K approved, $335K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, 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 Freedom Bank, Inc.
What are Freedom Bank, Inc.'s total assets?
As of the Q2 2026 filing, Freedom Bank, Inc. reported total assets of $429.7 million in its FFIEC call report.
Where is Freedom Bank, Inc. headquartered?
It is headquartered in Philippi, WV, United States.
When was Freedom Bank, Inc. founded?
It was established in 1939, per the FDIC institution directory.
Is Freedom Bank, Inc. FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15664). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Freedom Bank, Inc.?
Freedom Bank, Inc.'s primary federal regulator is the FDIC.
How many branches does Freedom Bank, Inc. operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Freedom Bank, Inc.'s Texas Ratio?
Its Texas Ratio is 2.46% 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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