Freedom Bank in Overland Park, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Freedom Bank in Overland Park, Kansas (KS)
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Freedom Bank - Overview

  • General
  • FDIC Certificate #: 58292
    Status: Active
    Federal Reserve ID: 3392975
    Bank Holding Company (Regulatory Top Holder): Freedom Bancshares, Inc. (RSSDID: 3404524, Location: Overland Park, KS)
    Date Established: June 19, 2006
    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 #: 445583
    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: June 19, 2006
    Last Structure Change Effective Date: June 19, 2006
    Last Structure Change Process Date: June 20, 2006
    Last Data Update: June 20, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 6640 West 143rd Street, Overland Park, KS 66223
    County: Johnson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
    Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
    Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
    CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
  • History of Changes
  • Corrections
    New Institution
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $123.1 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $94.0 mil
    Return on assets (ROA): 0.71% ($0.9 mil)
    Quarterly return on assets: 1.19% ($1.5 mil)
    Return on Equity (ROE): 7.62% ($1.0 mil)
    Quarterly return on equity: 10.36% ($1.3 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.02% ($1,255.4 mil)
    Quarterly Pretax return on assets: 1.74% ($2,141.6 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
  • 16Total employees (full-time equivalent)
  • $123,083Total assets
  • $1,746Cash and due from depository institutions
  • $0Interest-bearing balances
  • $30,562Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $80,096Net loans & leases
  • $1,128Loan loss allowance
  • $0Trading account assets
  • $5,441Bank premises and fixed assets
  • $1,134Other real estate owned
  • $0Goodwill and other intangibles
  • $123,083Life insurance assets
  • $4,104All other assets
  • $109,628Total liabilities and capital
  • $93,963Total liabilities
  • $81,112Total deposits
  • $93,963Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 6256.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,081Trading liabilities
  • $0Other borrowed funds
  • $328Subordinated debt
  • $13,455All other liabilities
  • $13,455Total equity capital
  • $13,455Total bank equity capital
  • $3,950Perpetual preferred stock
  • $4,995Common stock
  • $2,591Surplus
  • $1,919Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,045Income earned, not collected on loans
  • $0Earning assets
  • $419Long-term assets (5+ years)
  • $110,658Average Assets, year-to-date
  • $28,289Average Assets, quarterly
  • $113,073Volatile liabilities
  • $116,150Insider loans
  • $88,188FHLB advances
  • $111,850Loans and leases held for sale
  • $1,888Unused loan commitments
  • $1,079Tier 1 (core) risk-based capital
  • $13,184Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $809Total unused commitments
  • $13,513Restructured Loans and leases
  • $3,250Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,288Total interest income
  • $1,183Total interest expense
  • $4,105Net interest income
  • $228Provision for loan and lease losses
  • $97Total noninterest income
  • $0Fiduciary activities
  • $90Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7Additional noninterest income
  • $3,009Total noninterest expense
  • $1,313Salaries and employee benefits
  • $411Premises and equipment expense
  • $1,285Additional noninterest expense
  • $965Pre-tax net operating income
  • $193Securities gains (losses)
  • $354Applicable income taxes
  • $804Income before extraordinary items
  • $0Extraordinary gains - net
  • $804Net income attributable to bank
  • $0Net charge-offs
  • $804Cash dividends
  • $136Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 7.62%Return on equity (ROE)
  • 7.62%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 167.65%Credit loss provision to net charge-offs
  • 8.77%Efficiency ratio
  • 71,609Assets per employee
  • 7.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 107.94%Noncurrent assets plus other real estate owned to assets
  • 1.77%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 85.24%Net loans and leases to core deposits
  • 103.32%Equity capital to assets
  • 10.93%Core capital (leverage) ratio
  • 11.79%Tier 1 risk-based capital ratio
  • 14.95%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $113,073Average earning assets
  • $10,549Average equity
  • $102,444Average loans

List of branches

  • 1 Kansas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0445583Freedom Bank6640 West 143rd Street, Overland Park, KS 66223June 19, 2006Full Service Brick and Mortar

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