Freedom Bank in Columbia Falls, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Freedom Bank - Overview

  • General
  • FDIC Certificate #: 58010
    Status: Active
    Federal Reserve ID: 3314119
    Bank Holding Company (Regulatory Top Holder): Freedom Bancorporation (RSSDID: 3314100, Location: Columbia Falls, MT)
    Date Established: April 12, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 433600
    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: April 12, 2005
    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: 530 9th Street West, Columbia Falls, MT 59912
    County: Flathead
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Billings
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Kalispell, MT (#28060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $45.7 mil
    Equity capital: $3.8 mil
    Deposits held in domestic offices: $41.8 mil
    Return on assets (ROA): -0.99% (-$0.5 mil)
    Quarterly return on assets: 0.43% ($0.2 mil)
    Return on Equity (ROE): -12.50% (-$0.5 mil)
    Quarterly return on equity: 5.17% ($0.2 mil)
    Net income: -$0.5 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.99% (-$451.9 mil)
    Quarterly Pretax return on assets: 0.43% ($196.3 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
  • 12Total employees (full-time equivalent)
  • $45,651Total assets
  • $5,741Cash and due from depository institutions
  • $4,648Interest-bearing balances
  • $503Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $33,009Net loans & leases
  • $1,058Loan loss allowance
  • $0Trading account assets
  • $2,219Bank premises and fixed assets
  • $3,454Other real estate owned
  • $0Goodwill and other intangibles
  • $45,652Life insurance assets
  • $225All other assets
  • $41,839Total liabilities and capital
  • $41,819Total liabilities
  • $38,780Total deposits
  • $41,819Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $20Subordinated debt
  • $3,813All other liabilities
  • $3,813Total equity capital
  • $3,813Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $5,420Surplus
  • $-2,607Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,847Income earned, not collected on loans
  • $0Earning assets
  • $167Long-term assets (5+ years)
  • $38,660Average Assets, year-to-date
  • $2,003Average Assets, quarterly
  • $48,260Volatile liabilities
  • $46,028Insider loans
  • $35,423FHLB advances
  • $48,161Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,813Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $878Restructured Loans and leases
  • $903Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,310Total interest income
  • $539Total interest expense
  • $1,771Net interest income
  • $816Provision for loan and lease losses
  • $121Total noninterest income
  • $0Fiduciary activities
  • $91Service charges on deposit accounts
  • $0Trading account gains & fees
  • $30Additional noninterest income
  • $1,553Total noninterest expense
  • $776Salaries and employee benefits
  • $167Premises and equipment expense
  • $610Additional noninterest expense
  • -$477Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$477Income before extraordinary items
  • $0Extraordinary gains - net
  • -$477Net income attributable to bank
  • $0Net charge-offs
  • -$477Cash dividends
  • $883Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 4.26%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • -0.99%Net operating income to assets
  • -0.99%Return on assets (ROA)
  • -0.99%Pretax return on assets
  • -12.50%Return on equity (ROE)
  • -12.50%Retained earnings to average equity (YTD only)
  • 2.38%Net charge-offs to loans
  • 92.41%Credit loss provision to net charge-offs
  • 0.38%Efficiency ratio
  • 82,082Assets per employee
  • 3.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.11%Loss allowance to noncurrent loans
  • 37.16%Noncurrent assets plus other real estate owned to assets
  • 13.80%Noncurrent loans to loans
  • 8.36%Net loans and leases to deposits
  • 78.93%Net loans and leases to core deposits
  • 84.77%Equity capital to assets
  • 8.35%Core capital (leverage) ratio
  • 7.92%Tier 1 risk-based capital ratio
  • 10.76%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $48,260Average earning assets
  • $3,815Average equity
  • $41,611Average loans

List of branches

  • 1 Montana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0433600Freedom Bank530 9th Street West, Columbia Falls, MT 59912April 12, 2005Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Freedom Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents