Freedom Bank in Sterling, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Freedom Bank - Overview

  • General
  • FDIC Certificate #: 11705
    Status: Active
    Federal Reserve ID: 230740
    Bank Holding Company (Regulatory Top Holder): River Valley Bancorp, Inc. (RSSDID: 2114938, Location: Davenport, IA)
    Date Established: January 01, 1891
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 7484
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 18, 2010
    Last Structure Change Process Date: September 02, 2010
    Last Data Update: September 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3319 East Lincoln Way, Sterling, IL 61081
    County: Whiteside
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Sterling, IL (#44580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $81.8 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $67.3 mil
    Return on assets (ROA): 0.70% ($0.6 mil)
    Quarterly return on assets: -0.12% (-$0.1 mil)
    Return on Equity (ROE): 7.88% ($0.6 mil)
    Quarterly return on equity: -1.39% (-$0.1 mil)
    Net income: $0.6 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.90% ($736.4 mil)
    Quarterly Pretax return on assets: -0.27% (-$220.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $81,825Total assets
  • $2,386Cash and due from depository institutions
  • $588Interest-bearing balances
  • $20,606Securities
  • $4,663Federal funds sold & reverse repurchase agreements
  • $48,893Net loans & leases
  • $737Loan loss allowance
  • $0Trading account assets
  • $1,600Bank premises and fixed assets
  • $782Other real estate owned
  • $0Goodwill and other intangibles
  • $81,825Life insurance assets
  • $2,895All other assets
  • $74,837Total liabilities and capital
  • $67,314Total liabilities
  • $64,905Total deposits
  • $67,314Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 7274.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $249Subordinated debt
  • $6,988All other liabilities
  • $6,988Total equity capital
  • $6,988Total bank equity capital
  • $0Perpetual preferred stock
  • $53Common stock
  • $5,724Surplus
  • $1,211Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $219Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $537Income earned, not collected on loans
  • $0Earning assets
  • $410Long-term assets (5+ years)
  • $74,750Average Assets, year-to-date
  • $25,507Average Assets, quarterly
  • $78,476Volatile liabilities
  • $80,200Insider loans
  • $54,449FHLB advances
  • $80,461Loans and leases held for sale
  • $1,087Unused loan commitments
  • $1,087Tier 1 (core) risk-based capital
  • $6,857Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,119Restructured Loans and leases
  • $1,348Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,563Total interest income
  • $875Total interest expense
  • $2,688Net interest income
  • $157Provision for loan and lease losses
  • -$34Total noninterest income
  • $0Fiduciary activities
  • $80Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$114Additional noninterest income
  • $1,670Total noninterest expense
  • $663Salaries and employee benefits
  • $266Premises and equipment expense
  • $741Additional noninterest expense
  • $827Pre-tax net operating income
  • -$120Securities gains (losses)
  • $156Applicable income taxes
  • $551Income before extraordinary items
  • $0Extraordinary gains - net
  • $551Net income attributable to bank
  • $0Net charge-offs
  • $551Cash dividends
  • $207Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.76%Net interest margin
  • -0.05%Noninterest income to earning assets
  • 2.34%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.90%Pretax return on assets
  • 7.88%Return on equity (ROE)
  • 7.88%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 75.85%Credit loss provision to net charge-offs
  • 4.75%Efficiency ratio
  • 62,924Assets per employee
  • 7.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 137.24%Noncurrent assets plus other real estate owned to assets
  • 1.61%Noncurrent loans to loans
  • 1.08%Net loans and leases to deposits
  • 72.63%Net loans and leases to core deposits
  • 73.86%Equity capital to assets
  • 8.54%Core capital (leverage) ratio
  • 8.52%Tier 1 risk-based capital ratio
  • 12.59%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $78,476Average earning assets
  • $6,989Average equity
  • $71,443Average loans

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07484Freedom Bank3319 East Lincoln Way, Sterling, IL 61081January 01, 1891Full Service Brick and Mortar
    1447912Seaton Branch301 Maple Street, Seaton, IL 61476Febuary 06, 2006Full Service Brick and Mortar
    3470132Rock Falls Branch1609 1st Avenue, Rock Falls, IL 61071December 19, 2007Full Service Brick and Mortar

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