Freedom Bank

Headquarters

6640 West 143rd Street
Overland Park, KS 66223
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 0.85% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Freedom Bank is an FDIC insured institution located in Overland Park, KS. It was founded in 2006 and has approximately $0.18 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58292
Date Established 2006
Assets $ 177.17 million
Loans $ 135.67 million
Deposits $ 127.14 million
Capital $ 21.42 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 18, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 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.

Branches

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:
Seattle,Washington


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 BestCashCow.com 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
0% 6.94%

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, 2020, Freedom Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $21,423,000 in equity and $1,154,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Freedom Bank U.S. Bank Average
4.26% 7.80%

Freedom Bank has a Return on Equity of 4.26% versus the BestCashCow average of 7.80%. 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
Freedom Bank U.S. Bank Average
12.09% 12.68%

Freedom Bank has a Capitalization of 12.09% versus the BestCashCow average of 12.68. 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 $177,168,000, loans of $135,669,000, and deposits of $127,136,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 2.10 million
Interest-bearing balances N.A.
Total securities $ 22.89 million
Federal funds sold and reverse repurchase $ 5.26 million
Net loans and leases $ 135.67 million
Loan loss allowance $ 1.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 6.79 million
     Total Assets $ 155.75 million
LIABILITIES
Total deposits $ 127.14 million
      Interest-bearing deposits $ 82.67 million
      Deposits held in domestic offices $ 127.14 million
      % insured (estimated) 81.67%
Federal funds purchased and repurchase agreements $ 13.26 million
Trading liabilities N.A.
Other borrowed funds $ 15.00 million
Subordinated debt N.A.
All other liabilities $ 0.35 million
      Total Liabilities $ 155.75 million
      Shareholders’ Equity $ 21.42 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.83 million
Total Interest Expense $ 0.40 million
Net interest income $ 1.43 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.14 million
Total non interest expense $ 1.25 million
Pre-tax Net Operating Income $ 0.29 million

Bank Loan Profile?

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

Compared to other banks in Kansas, Freedom Bank has a significantly higher percent of Multifamily Mortgages, 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 9.16
Multifamily
Mortgages
9.45
Credit Card Loans 0.00
Consumer Auto Loans 0.29
Small Business Loans 0.00
Construction and Development Loans 4.08
Commercial Real Estate 53.91
Commercial and Industrial Loans 19.01
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 #58292.

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?

Yes

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?

Products

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 →