Freedom Security Bank

Headquarters

140 Holiday Road
Coralville, IA 52241
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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 Security Bank is an FDIC insured institution located in Coralville, IA. It was founded in 1899 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10491
Date Established 1899
Assets $ 72.81 million
Loans $ 38.27 million
Deposits $ 63.20 million
Capital $ 9.12 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Freedom Security 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 2020

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Payment
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Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Freedom Security Bank
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Branches

Freedom Security 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:
Fairfield,Connecticut


Freedom Security Bank Locations


Financial Details

Freedom Security Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Freedom Security 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 Security Bank U.S. Bank Average
1.5% 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 Security Bank had $99,000 in non-current loans and $48,000 in owned real estate. To cover these potential losses it had $9,124,000 in equity and $697,000 in loans loss reserves. That gives it a Texas Ratio of 1.5%.

Return on Equity
Freedom Security Bank U.S. Bank Average
1.2% 7.80%

Freedom Security Bank has a Return on Equity of 1.2% 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 Security Bank U.S. Bank Average
12.53% 12.68%

Freedom Security Bank has a Capitalization of 12.53% 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 Security Bank Balance Sheet Analysis

As of June 30, 2013, Freedom Security Bank had assets of $72,811,000, loans of $38,273,000, and deposits of $63,195,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 38.27 million
Loan loss allowance $ 0.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 63.20 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 72.81 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Freedom Security Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Iowa, Freedom Security Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 43.37
Multifamily
Mortgages
4.94
Credit Card Loans 0.00
Consumer Auto Loans 2.63
Small Business Loans 14.64
Construction and Development Loans 3.49
Commercial Real Estate 17.56
Commercial and Industrial Loans 6.72
Farm Loans 8.39

Frequently Asked Questions About Freedom Security Bank

Branches and Savings

Is Freedom Security Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10491.

Why does Freedom Security 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 Security Bank CD rates not competitive?

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

Is Freedom Security Bank a commercial bank?

Yes

Where are Freedom Security Bank locations?

See branch locations nearby.

Is Freedom Security Bank open on Saturdays?

Is Freedom Security Bank open on Sundays?

What time does Freedom Security Bank open?

What time does Freedom Security Bank close?

Are Freedom Security Bank ATMs Open 24/7?

Do Freedom Security Bank ATMs accept cash deposits?

Can Freedom Security Bank customers use other ATMs?

Do Freedom Security Bank branches have notaries?

Will Freedom Security Bank notarize my document?

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

Will the Freedom Security Bank branch print checks?

Do Freedom Security Bank checks expire?

Does Freedom Security Bank require US citizenship to open account?

Can Freedom Security Bank close my account?

Does Freedom Security Bank Report to credit bureaus?

Does Freedom Security Bank Use Equifax?

What is Freedom Security Bank's ACH Routing Number?

What is Freedom Security Bank's SWIFT code?

Products

Does Freedom Security Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Freedom Security Bank offer personal loans?

Compare personal loan rates here.

Does Freedom Security Bank offer student loans?

Will Freedom Security Bank cash a check?

Will Freedom Security Bank redeem a savings bond?

Does Freedom Security Bank cash savings bonds?

Will Freedom Security Bank cash money orders?

Can Freedom Security Bank issue a money order?

Does Freedom Security Bank do currency exchange?

Background on The Bank

Who owns Freedom Security Bank?

How long has Freedom Security Bank been around?

Can Freedom Security Bank transfer to other banks?

Does Freedom Security Bank have quick pay?

Does Freedom Security Bank accept rolled coins?

Will Freedom Security Bank accept loose change?

Where is Freedom Security Bank headquarters?

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