The Freedom Bank of Virginia

10555 Main Street
Fairfax, VA 22030

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57184
Date Established 2001
Assets $0.52 billion
Loans $0.41 billion
Deposits $0.45 billion
Capital $0.05 billion

The Freedom Bank of Virginia is an FDIC insured institution located in Fairfax, VA. It was founded in 2001 and has approximately $0.52 billion in assets. Customers can open an account at one of its 3 branches.

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

Bank Loan Profile?

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

Compared to other banks in Virginia, The Freedom Bank of Virginia has a significantly higher percent of 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 23.50
Multifamily
Mortgages
0.22
Credit Card Loans 0.00
Consumer Auto Loans 0.20
Small Business Loans 12.64
Construction and Development Loans 9.50
Commercial Real Estate 48.29
Commercial and Industrial Loans 15.36
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.35% $500 - Learn MoreShow Less
6 Mo CD 10K
0.85% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.20% $500 - Learn MoreShow Less
Special: 14 Mo FIRA
1.34% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.01% $500 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.20% $2,501 $10,000 Learn MoreShow Less
MM 10K
0.30% $10,001 $50,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $1 $500 Learn MoreShow Less
Int Ckg 2.5K
0.10% $2,501 $10,000 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Freedom Bank of Virginia

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
3.832% 3.750% 0.00 $2,500 $1,158 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to The Freedom Bank of Virginia
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Branches

The Freedom Bank of Virginia 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:
Ashburn,Virginia


The Freedom Bank of Virginia Locations

Financial Details

The Freedom Bank of Virginia Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Freedom Bank of Virginia. 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
The Freedom Bank of Virginia U.S. Bank Average
0.93% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, The Freedom Bank of Virginia had $542,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $53,930,000 in equity and $4,562,000 in loans loss reserves. That gives it a Texas Ratio of 0.93%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
The Freedom Bank of Virginia U.S. Bank Average
6.54% 8.58

The Freedom Bank of Virginia has a Return on Equity of 6.54% versus the BestCashCow average of 8.58. 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
The Freedom Bank of Virginia U.S. Bank Average
10.38% 12.11

The Freedom Bank of Virginia has a Capitalization of 10.38% versus the BestCashCow average of 12.11. 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.

The Freedom Bank of Virginia Balance Sheet Analysis

As of June 30, 2017, The Freedom Bank of Virginia had assets of $519,492,000, loans of $406,433,000, and deposits of $453,204,000. 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.

Frequently Asked Questions About The Freedom Bank of Virginia

Branches and Savings

Is The Freedom Bank of Virginia FDIC insured?

Yes. It is covered under FDIC Certificate #57184.

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

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

Why are The Freedom Bank of Virginia CD rates not competitive?

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

Is The Freedom Bank of Virginia a commercial bank?

Yes

Where are The Freedom Bank of Virginia locations?

See branch locations nearby.

Is The Freedom Bank of Virginia open on Saturdays?

Is The Freedom Bank of Virginia open on Sundays?

What time does The Freedom Bank of Virginia open?

What time does The Freedom Bank of Virginia close?

Are The Freedom Bank of Virginia ATMs Open 24/7?

Do The Freedom Bank of Virginia ATMs accept cash deposits?

Can The Freedom Bank of Virginia customers use other ATMs?

Do The Freedom Bank of Virginia branches have notaries?

Will The Freedom Bank of Virginia notarize my document?

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

Will the The Freedom Bank of Virginia branch print checks?

Do The Freedom Bank of Virginia checks expire?

Does The Freedom Bank of Virginia require US citizenship to open account?

Can The Freedom Bank of Virginia close my account?

Does The Freedom Bank of Virginia Report to credit bureaus?

Does The Freedom Bank of Virginia Use Equifax?

What is The Freedom Bank of Virginia's ACH Routing Number?

What is The Freedom Bank of Virginia's SWIFT code?

Products

Does The Freedom Bank of Virginia offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Freedom Bank of Virginia offer personal loans?

Compare personal loan rates here.

Does The Freedom Bank of Virginia offer student loans?

Will The Freedom Bank of Virginia cash a check?

Will The Freedom Bank of Virginia redeem a savings bond?

Does The Freedom Bank of Virginia cash savings bonds?

Will The Freedom Bank of Virginia cash money orders?

Can The Freedom Bank of Virginia issue a money order?

Does The Freedom Bank of Virginia do currency exchange?

Background on The Bank

Who owns The Freedom Bank of Virginia?

How long has The Freedom Bank of Virginia been around?

Can The Freedom Bank of Virginia transfer to other banks?

Does The Freedom Bank of Virginia have quick pay?

Does The Freedom Bank of Virginia accept rolled coins?

Will The Freedom Bank of Virginia accept loose change?

Where is The Freedom Bank of Virginia headquarters?

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