Freedom Bank of Southern Missouri in Cassville, Missouri (MO)



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Freedom Bank of Southern Missouri routing number info

Table of contents:
Freedom Bank of Southern Missouri
GeneralFDIC Certificate #: 35276
Status: Active
Federal Reserve ID: 2835103
Bank Holding Company (Regulatory Top Holder): Freedom Bancshares Of Southern Missouri, Inc. (RSSDID: 3216754, Location: Cassville, MO)
Date Established: November 22, 1999
WWW: http://www.freedombk.com
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 #: 77241
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural 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
LocationAddress: 97 South Main, Cassville, MO 65625
County: Barry
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Springfield Mo
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $144.0 mil
Equity capital: $11.2 mil
Deposits held in domestic offices: $132.4 mil
Return on assets (ROA): 1.37% ($2.0 mil)
Quarterly return on assets: 1.32% ($1.9 mil)
Return on Equity (ROE): 17.02% ($1.9 mil)
Quarterly return on equity: 16.74% ($1.8 mil)
Net income: $1.8 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.37% ($1,972.3 mil)
Quarterly Pretax return on assets: 1.32% ($1,900.3 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)
Total employees (full-time equivalent)35
Total assets$143,961
Cash and due from depository institutions$2,744
Interest-bearing balances$2,092
Securities$15,219
Federal funds sold & reverse repurchase agreements$3,117
Net loans & leases$116,518
Loan loss allowance $1,557
Trading account assets$0
Bank premises and fixed assets$4,028
Other real estate owned$527
Goodwill and other intangibles$0
All other assets$1,808
Life insurance assets$143,961
Total liabilities and capital$132,717
Total liabilities$132,442
Total deposits$123,927
Interest-bearing deposits$132,442
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $275
All other liabilities $11,244
Total equity capital$11,244
Total bank equity capital$11,244
Perpetual preferred stock$0
Common stock$1,500
Surplus$3,211
Undivided profits $6,533
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,474
Earning assets $0
Long-term assets (5+ years) $1,098
Average Assets, year-to-date $136,946
Average Assets, quarterly $27,422
Volatile liabilities $133,691
Insider loans $144,078
FHLB advances $96,931
Loans and leases held for sale $143,405
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $10,998
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,344
Derivatives$1,859
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,172
Total interest expense $1,516
Net interest income $5,656
Provision for loan and lease losses $906
Total noninterest income $617
Fiduciary activities $0
Service charges on deposit accounts $309
Trading account gains & fees $0
Additional noninterest income $308
Total noninterest expense $3,534
Salaries and employee benefits $1,892
Premises and equipment expense $435
Additional noninterest expense $1,207
Pre-tax net operating income $1,833
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,833
Extraordinary gains - net $0
Net income attributable to bank $1,833
Net charge-offs $0
Cash dividends $1,833
Sale, conversion, retirement of capital stock, net $615
Net operating income $773
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.66%
Cost of funding earning assets 1.20%
Net interest margin 4.46%
Noninterest income to earning assets 0.49%
Noninterest expense to earning assets 2.79%
Net operating income to assets 1.37%
Return on assets (ROA) 1.37%
Pretax return on assets 1.37%
Return on equity (ROE) 17.02%
Retained earnings to average equity (YTD only) 9.84%
Net charge-offs to loans 0.56%
Credit loss provision to net charge-offs 147.32%
Efficiency ratio4.45%
Assets per employee$56,337
Cash dividends to net income (YTD only)4.11%
Condition Ratios (%)
Loss allowance to loans 42.17%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 105.63%
Noncurrent loans to loans 1.39%
Net loans and leases to deposits1.25%
Net loans and leases to core deposits 87.98%
Equity capital to assets 104.85%
Core capital (leverage) ratio 7.81%
Tier 1 risk-based capital ratio 7.67%
Total risk-based capital ratio 11.35%
Memoranda
Average assets$13
Average earning assets$133,691
Average equity $10,770
Average loans $126,811
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3 Missouri Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
077241Freedom Bank Of Southern Missouri97 South Main, Cassville, MO 65625November 22, 1999Full Service Brick and Mortar
1455240Freedom Bank Of Southern MissouriSoutheast Corner Of Highway 37 And Doc Meyer Road, Seligman, MO 65745September 18, 2006Full Service Brick and Mortar
2511135Willard Branch432 West Jackson Street, Willard, MO 65781July 22, 2010Full Service Brick and Mortar
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