Freedom Bank in Huntingburg, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Freedom Bank - Overview

  • General
  • FDIC Certificate #: 35221
    Status: Active
    Federal Reserve ID: 2858492
    Bank Holding Company (Regulatory Top Holder): Freedom Bancorp (RSSDID: 3575787, Location: Huntingburg, IN)
    Date Established: November 22, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 76776
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 22, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1405 North Main Street, Huntingburg, IN 47542
    County: Dubois
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Jasper, IN (#27540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $310.5 mil
    Equity capital: $27.7 mil
    Deposits held in domestic offices: $273.2 mil
    Return on assets (ROA): 0.94% ($2.9 mil)
    Quarterly return on assets: -0.06% (-$0.2 mil)
    Return on Equity (ROE): 10.28% ($2.9 mil)
    Quarterly return on equity: -0.62% (-$0.2 mil)
    Net income: $2.7 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 2.23% ($6,923.7 mil)
    Quarterly Pretax return on assets: 2.47% ($7,668.8 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
  • 46Total employees (full-time equivalent)
  • $310,478Total assets
  • $22,466Cash and due from depository institutions
  • $16,135Interest-bearing balances
  • $5,751Securities
  • $6,784Federal funds sold & reverse repurchase agreements
  • $269,185Net loans & leases
  • $5,194Loan loss allowance
  • $0Trading account assets
  • $2,038Bank premises and fixed assets
  • $758Other real estate owned
  • $0Goodwill and other intangibles
  • $310,478Life insurance assets
  • $3,496All other assets
  • $282,780Total liabilities and capital
  • $273,165Total liabilities
  • $236,664Total deposits
  • $273,165Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,720Trading liabilities
  • $0Other borrowed funds
  • $895Subordinated debt
  • $27,698All other liabilities
  • $27,698Total equity capital
  • $27,698Total bank equity capital
  • $0Perpetual preferred stock
  • $916Common stock
  • $7,610Surplus
  • $19,172Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,516Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,114Income earned, not collected on loans
  • $0Earning assets
  • $1,215Long-term assets (5+ years)
  • $297,855Average Assets, year-to-date
  • $63,096Average Assets, quarterly
  • $291,092Volatile liabilities
  • $306,248Insider loans
  • $238,540FHLB advances
  • $307,395Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $27,662Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $36,063Restructured Loans and leases
  • $6,816Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,139Total interest income
  • $3,160Total interest expense
  • $10,979Net interest income
  • $900Provision for loan and lease losses
  • $1,451Total noninterest income
  • $0Fiduciary activities
  • $489Service charges on deposit accounts
  • $0Trading account gains & fees
  • $962Additional noninterest income
  • $5,029Total noninterest expense
  • $2,601Salaries and employee benefits
  • $406Premises and equipment expense
  • $2,022Additional noninterest expense
  • $6,501Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,761Applicable income taxes
  • $2,740Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,740Net income attributable to bank
  • $0Net charge-offs
  • $2,740Cash dividends
  • $193Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 1.81%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 2.23%Pretax return on assets
  • 10.28%Return on equity (ROE)
  • 9.53%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 466.32%Credit loss provision to net charge-offs
  • 38.35%Efficiency ratio
  • 40,459Assets per employee
  • 6.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.30%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 245.70%Noncurrent assets plus other real estate owned to assets
  • 0.93%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 98.54%Net loans and leases to core deposits
  • 104.20%Equity capital to assets
  • 8.92%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 11.60%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $291,092Average earning assets
  • $26,650Average equity
  • $278,613Average loans

List of branches

  • 4 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076776Freedom Bank1405 North Main Street, Huntingburg, IN 47542November 22, 1999Full Service Brick and Mortar
    1301166Dale Branch10 East Medcalf Street, Dale, IN 47523Febuary 22, 2000Full Service Brick and Mortar
    3362766Jasper Branch75 South Us 231, Jasper, IN 47546November 21, 2001Full Service Brick and Mortar
    4419354Rockport Branch2596 W Ridgeway Dr, Rockport, IN 47635July 01, 2002Full Service Brick and Mortar

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