Freedom Financial Bank
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Data as of · sourced from FFIEC call reports. How we update
Freedom Financial Bank is an FDIC-insured commercial bank headquartered in West Des Moines, IA, established in 1999 (FDIC certificate 35031), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $269.3M, up 1.2% from Q2 2025, the 119th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 10.36% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 35031
- Headquarters
- West Des Moines, IA
- Established
- 1999
- Total assets, Q2 2026
- $269.3M
- Assets vs Q2 2025
- +1.2%
- CET1 ratio, Q2 2026
- 10.36%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 073922704
- Latest call report
- Q2 2026, FFIEC 051 · Freedom Financial Bank call report
- Holding company
- FREEDOM HOLDINGS COMPANY
- Asset rank in state
- 119th of 225 in Iowa
Freedom Financial Bank operates with a thinner capital cushion than most banks of its size. It reported $269 million in assets at June 30, 2026, up 1.2% from a year earlier. It holds common equity equal to 10.36% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also holds commercial real estate loans worth 4.5 times its capital, 3.7 times the median of 1.2 times for banks its size.
Funding is the softer spot: it pays an average of 2.70% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.80%).
As of June 30, 2026, Freedom Financial Bank reported a CET1 capital ratio of 10.36%, a return on assets of 1.45%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Freedom Financial Bank ranks as the 119th largest of the 225 banks based in Iowa, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 0.2% to $269.3M, loans fell 2.0% and deposits rose 3.3%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 39.5% of total loans, followed by owner-occupied commercial real estate loans at 15.1%. Its 2 offices in the FDIC Summary of Deposits are in West Des Moines, IA and Des Moines, IA; its West Des Moines office books 80% of its branch deposits. By the capital ratios in its Q2 2026 call report, Freedom Financial Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1255 Jordan Creek Pkwy, West Des Moines, IA 50266
- County
- Dallas
- Metro Area
- Des Moines-West Des Moines, IA
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- February 22, 1999
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 18
- Domestic deposits
- $206.4M
- Allowance for credit losses
- $3.4M
- Net charge-offs (YTD)
- $0
- Average total assets
- $268.3M
- Average total loans
- $229.2M
- Average interest-bearing deposits
- $178.1M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 22, 1999
- FDIC Cert
- 35031
- Fed RSSD
- 2735137
- SEC CIK
- 1386044 → filed by FREEDOM HOLDINGS COMPANY
- Website
- www.freedomfinancialbank.com →
- Parent Holding Company
- FREEDOM HOLDINGS COMPANY (RSSD 2734439) · TAAG
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Freedom Financial Bank's total assets ranged from $257.8M (Q3 2024) to $273.8M (Q4 2025), 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
$269.3M total assets against $266.1M; $244.2M total liabilities against $241.4M.
$222.4M net loans and leases against $219.5M; $206.4M total deposits against $198.6M.
$14.0M securities against $15.4M; $25.3M cash and balances due against $23.4M.
$3.7M total interest income against $3.6M; $1.7M total interest expense against $1.6M.
$2.0M net interest income against $2.0M.
$34K total noninterest income against $34K; $1.0M total noninterest expense against $1.0M.
$45K provision for credit losses against $45K.
$971K net income against $908K.
1.45% return on assets against 1.38%; 3.08% net interest margin against 3.07%.
10.36% CET1 capital ratio against 10.27%; 9.30% tier 1 leverage ratio against 9.36%.
Inside the full Freedom Financial 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
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).
Freedom Financial Bank rankings
Its closest position to the top of a national ranking is 787 of 3,606, for efficiency ratio; its furthest is 2,056 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.02% (Q4 2025) to 1.45% (Q2 2026) and its net interest margin ran from 2.90% (Q1 2025) to 3.43% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.36% | 1.45% | 0.00% | 0.00% | 3.08% |
| Q1 2026 | 10.22% | 1.22% | 0.00% | 0.00% | 2.94% |
| Q4 2025 | 10.00% | 1.02% | 0.00% | 0.00% | 3.43% |
| Q3 2025 | 10.30% | 1.44% | 0.00% | 0.00% | 3.13% |
| Q2 2025 | 10.27% | 1.38% | 0.00% | 0.00% | 3.07% |
| Q1 2025 | 10.34% | 1.14% | 0.00% | 0.00% | 2.90% |
| Q4 2024 | 10.11% | 1.40% | 0.00% | 0.00% | 3.19% |
| Q3 2024 | 9.96% | 1.28% | 0.00% | 0.00% | 2.96% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 |
|---|---|---|---|
| Freedom Financial Bank (main office) | West Des Moines , IA | 50266 | $165.8M |
| Des Moines Branch | Des Moines , IA | 50312 | $40.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in IA, rank 133 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 42 applications, 42 loans originated, $13.6M originated, across 2 states
- Period: Calendar year 2019. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $1.8M approved, $1.8M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Financial Bank
What are Freedom Financial Bank's total assets?
As of the Q2 2026 filing, Freedom Financial Bank reported total assets of $269.3 million in its FFIEC call report.
Where is Freedom Financial Bank headquartered?
It is headquartered in West Des Moines, IA, United States.
When was Freedom Financial Bank founded?
It was established in 1999, per the FDIC institution directory.
Is Freedom Financial Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #35031). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Freedom Financial Bank?
Freedom Financial Bank's primary federal regulator is the Federal Reserve.
What is Freedom Financial Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.36% in its Q2 2026 call report, above regulatory requirements.
How many branches does Freedom Financial Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Freedom Financial Bank's Texas Ratio?
Its Texas Ratio is 0.00% 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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