Freedom Bank


1200 4th Street North
Saint Petersburg, FL 33701
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Freedom Bank is an FDIC insured institution located in Saint Petersburg, FL. It was founded in 2005 and has approximately $0.39 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 57945
Date Established 2005
Assets $ 338.92 million
Loans $ 256.74 million
Deposits $ 307.02 million
Capital $ 30.55 million

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

Deposit Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Freedom Bank

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.475% 3.375%
0.75 points
$3,125 fees
$1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Freedom Bank
To upload and update your bank's rates please register. It is free to register and add rates.


Freedom Bank 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:

Freedom Bank Locations

Financial Details

Freedom Bank Ratio Analysis

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

Texas Ratio
Freedom Bank U.S. Bank Average
2.26% 5.29%

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 March 31, 2021, Freedom Bank had $759,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $30,549,000 in equity and $3,049,000 in loans loss reserves. That gives it a Texas Ratio of 2.26%.

Return on Equity
Freedom Bank U.S. Bank Average
17.77% 11.43%

Freedom Bank has a Return on Equity of 17.77% versus the BestCashCow average of 11.43%. 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.

Freedom Bank U.S. Bank Average
9.01% 11.51%

Freedom Bank has a Capitalization of 9.01% versus the BestCashCow average of 11.51. 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.

Freedom Bank Balance Sheet Analysis

As of March 31, 2020, Freedom Bank had assets of $392,205,000, loans of $256,743,000, and deposits of $307,022,000. 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

March 31, 2021
Cash & Balances due from depository institutions $ 63.38 million
Interest-bearing balances $ 59.19 million
Total securities $ 5.16 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 256.74 million
Loan loss allowance $ 3.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.37 million
All other assets $ 3.94 million
     Total Assets $ 308.37 million
Total deposits $ 307.02 million
      Interest-bearing deposits $ 191.26 million
      Deposits held in domestic offices $ 307.02 million
      % insured (estimated) 57.59%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.35 million
      Total Liabilities $ 308.37 million
      Shareholders’ Equity $ 30.55 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 3.84 million
Total Interest Expense $ 0.64 million
Net interest income $ 3.20 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 1.30 million
Total non interest expense $ 2.67 million
Pre-tax Net Operating Income $ 1.75 million

Bank Loan Profile?

The top three loan types in Freedom Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Florida, Freedom Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 9.33
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 17.74
Construction and Development Loans 4.32
Commercial Real Estate 54.20
Commercial and Industrial Loans 23.51
Farm Loans 0.00

Frequently Asked Questions About Freedom Bank

Branches and Savings

Is Freedom Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57945.

Why does Freedom Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Freedom Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Freedom Bank a commercial bank?


Where are Freedom Bank locations?

See branch locations nearby.

Is Freedom Bank open on Saturdays?

Is Freedom Bank open on Sundays?

What time does Freedom Bank open?

What time does Freedom Bank close?

Are Freedom Bank ATMs Open 24/7?

Do Freedom Bank ATMs accept cash deposits?

Can Freedom Bank customers use other ATMs?

Do Freedom Bank branches have notaries?

Will Freedom Bank notarize my document?

What address for Freedom Bank should I put for incoming ACH transfers?

Will the Freedom Bank branch print checks?

Do Freedom Bank checks expire?

Does Freedom Bank require US citizenship to open account?

Can Freedom Bank close my account?

Does Freedom Bank Report to credit bureaus?

Does Freedom Bank Use Equifax?

What is Freedom Bank's ACH Routing Number?

What is Freedom Bank's SWIFT code?


Does Freedom Bank offer mortgages?

Compare mortgage rates here.

Does Freedom Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Freedom Bank offer personal loans?

Compare personal loan rates here.

Does Freedom Bank offer student loans?

Will Freedom Bank cash a check?

Will Freedom Bank redeem a savings bond?

Does Freedom Bank cash savings bonds?

Will Freedom Bank cash money orders?

Can Freedom Bank issue a money order?

Does Freedom Bank do currency exchange?

Background on The Bank

Who owns Freedom Bank?

How long has Freedom Bank been around?

Can Freedom Bank transfer to other banks?

Does Freedom Bank have quick pay?

Does Freedom Bank accept rolled coins?

Will Freedom Bank accept loose change?

Where is Freedom Bank headquarters?

Customer Reviews for Freedom Bank

There are currently no comments for Freedom Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →