Freedom Bank of Southern Missouri in Cassville, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches


Freedom Bank of Southern Missouri - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 35Total employees (full-time equivalent)
  • $143,961Total assets
  • $2,744Cash and due from depository institutions
  • $2,092Interest-bearing balances
  • $15,219Securities
  • $3,117Federal funds sold & reverse repurchase agreements
  • $116,518Net loans & leases
  • $1,557Loan loss allowance
  • $0Trading account assets
  • $4,028Bank premises and fixed assets
  • $527Other real estate owned
  • $0Goodwill and other intangibles
  • $143,961Life insurance assets
  • $1,808All other assets
  • $132,717Total liabilities and capital
  • $132,442Total liabilities
  • $123,927Total deposits
  • $132,442Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $275Subordinated debt
  • $11,244All other liabilities
  • $11,244Total equity capital
  • $11,244Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $3,211Surplus
  • $6,533Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,474Income earned, not collected on loans
  • $0Earning assets
  • $1,098Long-term assets (5+ years)
  • $136,946Average Assets, year-to-date
  • $27,422Average Assets, quarterly
  • $133,691Volatile liabilities
  • $144,078Insider loans
  • $96,931FHLB advances
  • $143,405Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,998Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,344Restructured Loans and leases
  • $1,859Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,172Total interest income
  • $1,516Total interest expense
  • $5,656Net interest income
  • $906Provision for loan and lease losses
  • $617Total noninterest income
  • $0Fiduciary activities
  • $309Service charges on deposit accounts
  • $0Trading account gains & fees
  • $308Additional noninterest income
  • $3,534Total noninterest expense
  • $1,892Salaries and employee benefits
  • $435Premises and equipment expense
  • $1,207Additional noninterest expense
  • $1,833Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,833Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,833Net income attributable to bank
  • $0Net charge-offs
  • $1,833Cash dividends
  • $615Sale, conversion, retirement of capital stock, net
  • $773Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.46%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 17.02%Return on equity (ROE)
  • 9.84%Retained earnings to average equity (YTD only)
  • 0.56%Net charge-offs to loans
  • 147.32%Credit loss provision to net charge-offs
  • 4.45%Efficiency ratio
  • 56,337Assets per employee
  • 4.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.17%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 105.63%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 87.98%Net loans and leases to core deposits
  • 104.85%Equity capital to assets
  • 7.81%Core capital (leverage) ratio
  • 7.67%Tier 1 risk-based capital ratio
  • 11.35%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $133,691Average earning assets
  • $10,770Average equity
  • $126,811Average loans

List of branches

  • 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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