Freedom Bank of Southern Missouri

Headquarters

97 South Main
Cassville, MO 65625
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.60% →
1-Year CD 0.85% 1.35% →
2-Year CD 1.00% 1.45% →
5-Year CD 1.40% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Freedom Bank of Southern Missouri is an FDIC insured institution located in Cassville, MO. It was founded in 1999 and has approximately $0.29 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 35276
Date Established 1999
Assets $ 292.22 million
Loans $ 240.07 million
Deposits $ 244.55 million
Capital $ 29.82 million
 

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

Deposit Rates - June 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $1 - Learn More
Money Market
0.25% $1 $9,999 Learn More
Money Market
0.35% $10,000 $24,999 Learn More
Money Market
0.45% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.40% $1,000 - Learn More
6 Mo CD
0.50% $1,000 - Learn More
12 Mo CD
0.85% $1,000 - Learn More
18 Mo CD
0.85% $1,000 - Learn More
24 Mo CD
1.00% $1,000 - Learn More
36 Mo CD
1.15% $1,000 - Learn More
48 Mo CD
1.15% $1,000 - Learn More
60 Mo CD
1.40% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.85% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1 - Learn MoreShow Less

Loan Rates - June 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Freedom Bank of Southern Missouri

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 2020

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.019% 3.000% 0.25 $625 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Note to Freedom Bank of Southern Missouri
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Branches

Freedom Bank of Southern Missouri 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:
Fairfield,Connecticut


Freedom Bank of Southern Missouri Locations


Financial Details

Freedom Bank of Southern Missouri Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Freedom Bank of Southern Missouri. 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
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Freedom Bank of Southern Missouri U.S. Bank Average
13.59% 6.51%

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 December 31, 2019, Freedom Bank of Southern Missouri had $2,097,000 in non-current loans and $2,344,000 in owned real estate. To cover these potential losses it had $29,815,000 in equity and $2,857,000 in loans loss reserves. That gives it a Texas Ratio of 13.59%.

Return on Equity
Freedom Bank of Southern Missouri U.S. Bank Average
14.41% 9.41%

Freedom Bank of Southern Missouri has a Return on Equity of 14.41% versus the BestCashCow average of 9.41%. 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 of Southern Missouri U.S. Bank Average
10.2% 12.82%

Freedom Bank of Southern Missouri has a Capitalization of 10.2% versus the BestCashCow average of 12.82. 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 of Southern Missouri Balance Sheet Analysis

As of December 31, 2019, Freedom Bank of Southern Missouri had assets of $292,218,000, loans of $240,065,000, and deposits of $244,546,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 4.57 million
Interest-bearing balances $ 0.46 million
Total securities $ 15.48 million
Federal funds sold and reverse repurchase $ 14.82 million
Net loans and leases $ 240.07 million
Loan loss allowance $ 2.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.34 million
Goodwill and other intangibles N.A.
All other assets $ 9.47 million
     Total Assets $ 262.40 million
LIABILITIES
Total deposits $ 244.55 million
      Interest-bearing deposits $ 223.41 million
      Deposits held in domestic offices $ 244.55 million
      % insured (estimated) 77.66%
Federal funds purchased and repurchase agreements $ 3.00 million
Trading liabilities N.A.
Other borrowed funds $ 13.50 million
Subordinated debt N.A.
All other liabilities $ 1.36 million
      Total Liabilities $ 262.40 million
      Shareholders’ Equity $ 29.82 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 14.36 million
Total Interest Expense $ 3.85 million
Net interest income $ 10.51 million
Provision for loan and lease losses $ 0.51 million
Total non interest income $ 1.06 million
Total non interest expense $ 6.86 million
Pre-tax Net Operating Income $ 4.20 million

Bank Loan Profile?

The top three loan types in Freedom Bank of Southern Missouri’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks, Freedom Bank of Southern Missouri’s loan portfolio does not show any specific loan specialty.

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 25.33
Multifamily
Mortgages
0.44
Credit Card Loans 0.00
Consumer Auto Loans 2.06
Small Business Loans 7.57
Construction and Development Loans 7.82
Commercial Real Estate 8.23
Commercial and Industrial Loans 11.55
Farm Loans 9.86

Frequently Asked Questions About Freedom Bank Of Southern Missouri

Branches and Savings

Is Freedom Bank Of Southern Missouri FDIC insured?

Yes. It is covered under FDIC Certificate #35276.

Why does Freedom Bank Of Southern Missouri 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 Of Southern Missouri CD rates not competitive?

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

Is Freedom Bank Of Southern Missouri a commercial bank?

Yes

Where are Freedom Bank Of Southern Missouri locations?

See branch locations nearby.

Is Freedom Bank Of Southern Missouri open on Saturdays?

Is Freedom Bank Of Southern Missouri open on Sundays?

What time does Freedom Bank Of Southern Missouri open?

What time does Freedom Bank Of Southern Missouri close?

Are Freedom Bank Of Southern Missouri ATMs Open 24/7?

Do Freedom Bank Of Southern Missouri ATMs accept cash deposits?

Can Freedom Bank Of Southern Missouri customers use other ATMs?

Do Freedom Bank Of Southern Missouri branches have notaries?

Will Freedom Bank Of Southern Missouri notarize my document?

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

Will the Freedom Bank Of Southern Missouri branch print checks?

Do Freedom Bank Of Southern Missouri checks expire?

Does Freedom Bank Of Southern Missouri require US citizenship to open account?

Can Freedom Bank Of Southern Missouri close my account?

Does Freedom Bank Of Southern Missouri Report to credit bureaus?

Does Freedom Bank Of Southern Missouri Use Equifax?

What is Freedom Bank Of Southern Missouri's ACH Routing Number?

What is Freedom Bank Of Southern Missouri's SWIFT code?

Products

Does Freedom Bank Of Southern Missouri offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Freedom Bank Of Southern Missouri offer personal loans?

Compare personal loan rates here.

Does Freedom Bank Of Southern Missouri offer student loans?

Will Freedom Bank Of Southern Missouri cash a check?

Will Freedom Bank Of Southern Missouri redeem a savings bond?

Does Freedom Bank Of Southern Missouri cash savings bonds?

Will Freedom Bank Of Southern Missouri cash money orders?

Can Freedom Bank Of Southern Missouri issue a money order?

Does Freedom Bank Of Southern Missouri do currency exchange?

Background on The Bank

Who owns Freedom Bank Of Southern Missouri?

How long has Freedom Bank Of Southern Missouri been around?

Can Freedom Bank Of Southern Missouri transfer to other banks?

Does Freedom Bank Of Southern Missouri have quick pay?

Does Freedom Bank Of Southern Missouri accept rolled coins?

Will Freedom Bank Of Southern Missouri accept loose change?

Where is Freedom Bank Of Southern Missouri headquarters?

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