Freedombank
BankRegReports is independent of Freedombank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Freedombank is an FDIC-insured commercial bank headquartered in Elkader, IA, established in 1903 (FDIC certificate 11767), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $433.9M, down 0.4% from Q2 2025, the 74th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 14.15% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 11767
- Headquarters
- Elkader, IA
- Established
- 1903
- Total assets, Q2 2026
- $433.9M
- Assets vs Q2 2025
- -0.4%
- CET1 ratio, Q2 2026
- 14.15%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073913218
- Holding company
- FREEDOMBANK SHARES, INC.
- Asset rank in state
- 74th of 225 in Iowa
Freedombank, based in Elkader, Iowa, reported $434 million in assets at June 30, 2026. It lost 1.3% of its deposits over the year, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 4.0%). It also keeps 3.38 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
Loans and deposits moved in opposite directions: over the year loans rose 6.1% and deposits fell 1.3%. Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.11% of loans from 0.58%.
As of June 30, 2026, Freedombank reported a CET1 capital ratio of 14.15%, a return on assets of 1.12%, a nonperforming-loan ratio of 0.26% and a Texas ratio of 4.27%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Freedombank is the 74th largest of the 225 banks headquartered in Iowa. Between Q1 2026 and Q2 2026, its total assets fell 1.4% to $433.9M, loans rose 0.8% and deposits fell 2.1%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 27.7% of total loans, ahead of 1-4 family residential loans at 22.0%. The FDIC Summary of Deposits lists 4 offices for it, in 4 cities in IA; its Waukon office books 32% of its branch deposits. By the capital ratios in its Q2 2026 call report, Freedombank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 210 S Main St, Elkader, IA 52043
- County
- Clayton
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- January 1, 1903
- Former names
- Peoples State Bank (1978-2006); Farmersburg Savings Bank (1976-1978)
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 52
- Domestic deposits
- $367.9M
- Allowance for credit losses
- $3.7M
- Net charge-offs (YTD)
- $26K
- Average total assets
- $434.6M
- Average total loans
- $332.7M
- Average interest-bearing deposits
- $286.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 11767
- Fed RSSD
- 652043
- Website
- www.freedombnk.com →
- Parent Holding Company
- FREEDOMBANK SHARES, INC. (RSSD 1200629)
- Ultimate Parent
- RSSD 2208033
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
Over the 12 quarters to Q2 2026, Freedombank's total assets ran between $423.1M (Q3 2023) and $451.0M (Q1 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
$433.9M total assets against $435.8M; $385.0M total liabilities against $390.4M.
$330.9M net loans and leases against $311.8M; $367.9M total deposits against $373.0M.
$65.9M securities against $81.6M; $9.0M cash and balances due against $15.5M.
$5.4M total interest income against $5.2M; $1.9M total interest expense against $2.1M.
$3.5M net interest income against $3.1M.
$31K total noninterest income against $309K; $2.3M total noninterest expense against $2.3M.
$75K provision for credit losses against $0.
$1.2M net income against $1.2M.
1.12% return on assets against 1.09%; 3.38% net interest margin against 2.91%.
14.15% CET1 capital ratio against 13.36%; 10.70% tier 1 leverage ratio against 10.08%.
Inside the full Freedombank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFreedombank rankings
Its closest position to the top of a national ranking is 1,490 of 3,640, for Texas Ratio; its furthest is 2,243 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.69% (Q3 2024) to 1.51% (Q4 2025) and its net interest margin ran from 2.73% (Q3 2024) to 3.43% (Q1 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.15% | 1.12% | 0.26% | 4.27% | 3.38% |
| Q1 2026 | 14.03% | 1.32% | 0.52% | 4.73% | 3.43% |
| Q4 2025 | 13.28% | 1.51% | 0.50% | 4.60% | 3.36% |
| Q3 2025 | 13.52% | 1.14% | 0.51% | 5.11% | 3.18% |
| Q2 2025 | 13.36% | 1.09% | 0.87% | 5.47% | 2.91% |
| Q1 2025 | — | 1.01% | 0.92% | 6.78% | 2.90% |
| Q4 2024 | 13.64% | 1.01% | 0.07% | 2.31% | 2.82% |
| Q3 2024 | 14.01% | 0.69% | 0.25% | 1.78% | 2.73% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 |
|---|---|---|---|
| Waukon Branch | Waukon , IA | 52172 | $118.7M |
| Freedombank (main office) | Elkader , IA | 52043 | $97.6M |
| Monona Office Branch | Monona , IA | 52159 | $93.5M |
| Postville Office Branch | Postville , IA | 52162 | $58.1M |
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 |
|---|---|---|---|
| April 1, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2019 | Structure Change | Acquired Farmers and Merchants Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 31, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 31, 2006 | Structure Change | Acquired Postville State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in IA, rank 78 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $330K approved, $330K 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).
- 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
Add this badge to your website
Free to use. It shows Freedombank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Freedombank
What are Freedombank's total assets?
As of the Q2 2026 filing, Freedombank reported total assets of $433.9 million in its FFIEC call report.
Where is Freedombank headquartered?
It is headquartered in Elkader, IA, United States.
When was Freedombank founded?
It was established in 1903, per the FDIC institution directory.
Is Freedombank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #11767). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Freedombank?
Freedombank's primary federal regulator is the FDIC.
What is Freedombank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.15% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Freedombank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Freedombank's Texas Ratio?
Its Texas Ratio is 4.27% 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.
What was Freedombank previously called?
The charter now named Freedombank has also operated as Peoples State Bank (1978-2006), Farmersburg Savings Bank (1976-1978), per FDIC structure-change records.
Go deeper on Freedombank.
Get an email when Freedombank files its next call report, and benchmark it against any peer you choose.
Unlock Freedombank, freeFree account