American Bank of Freedom

Headquarters

106 E Hudson St
Wellsville, MO 63384
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.05% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

American Bank of Freedom is an FDIC insured institution located in Wellsville, MO. It was founded in 1880 and has approximately $0.92 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 15423
Date Established 1880
Assets $ 919.18 million
Loans $ 749.27 million
Deposits $ 689.01 million
Capital $ 90.01 million
 

For a more detailed analysis of American Bank of Freedom's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 4, 2024

Your Current Location: Washington, WA 98109


Loan Rates - December 4, 2024

Your Current Location: Washington, WA 98109

There are currently no loan rates available for American Bank of Freedom

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
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Infinity Mortgage Group
NMLS ID: 35972
License#: NMLS 35972
6.364% 6.250%
0.88 points
$3,894 fees
$1,971 Learn More
Truss Financial Group
NMLS ID: 2006915
License#: CL-2006915
6.390% 6.250%
0.88 points
$4,745 fees
$1,971 Learn More
Sammamish Mortgage Company
NMLS ID: 118653
License#: CL-118653
6.466% 6.375%
1.00 points
$3,069 fees
$1,997 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
6.497% 6.375%
1.00 points
$4,115 fees
$1,997 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Rate
Rate
See Table
Intro APR 9.600 %
After Intro: 9.600 %
$25,000 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR 10.625 %
After Intro: 10.625 %
$0 Learn More
More Info

Note to American Bank of Freedom
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Branches

American Bank of Freedom branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington



Climate Policy and Initiatives

American Bank of Freedom is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

American Bank of Freedom Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Bank of Freedom. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
American Bank of Freedom U.S. Bank Average
9.34% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, American Bank of Freedom had $9,266,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $90,013,000 in equity and $9,214,000 in loans loss reserves. That gives it a Texas Ratio of 9.34%.

Return on Equity
American Bank of Freedom U.S. Bank Average
4.75% 10.46%

American Bank of Freedom has a Return on Equity of 4.75% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
American Bank of Freedom U.S. Bank Average
9.79% 10.84%

American Bank of Freedom has a Capitalization of 9.79% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

American Bank of Freedom Balance Sheet Analysis

As of June 30, 2024, American Bank of Freedom had assets of $919,178,000, loans of $749,269,000, and deposits of $689,007,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 54.74 million
Interest-bearing balances $ 48.26 million
Total securities $ 67.25 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 749.27 million
Loan loss allowance $ 9.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 5.07 million
All other assets $ 20.61 million
     Total Assets $ 829.17 million
LIABILITIES
Total deposits $ 689.01 million
      Interest-bearing deposits $ 631.46 million
      Deposits held in domestic offices $ 689.01 million
      % insured (estimated) 73.06%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 64.00 million
Subordinated debt N.A.
All other liabilities $ 3.78 million
      Total Liabilities $ 829.17 million
      Shareholders’ Equity $ 90.01 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 27.31 million
Total Interest Expense $ 14.76 million
Net interest income $ 12.54 million
Provision for loan and lease losses $ 0.80 million
Total non interest income $ 0.98 million
Total non interest expense $ 9.98 million
Pre-tax Net Operating Income $ 3.94 million

Bank Loan Profile?

The top three loan types in American Bank of Freedom’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Missouri, American Bank of Freedom has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.87
Multifamily
Mortgages
5.07
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 7.85
Construction and Development Loans 13.03
Commercial Real Estate 24.27
Commercial and Industrial Loans 8.39
Farm Loans 0.10

Customer Reviews for American Bank of Freedom


  • August 14, 2020 |

    At your Rock Hill location, I feel you are not committed to the safety of your customers as you say on your web site. Why aren't your employees wearing masks? Why do they let patrons enter without a mask?


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