Freedom Security Bank in Coralville, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Freedom Security Bank - Overview

  • General
  • FDIC Certificate #: 10491
    Status: Active
    Federal Reserve ID: 929044
    Bank Holding Company (Regulatory Top Holder): Central Bancshares, Inc. (RSSDID: 1203899, Location: Muscatine, IA)
    Date Established: January 01, 1899
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15464
    FDIC's unique #: 6712
    Numeric code: 13
    Regulator: FED
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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: 140 Holiday Road, Coralville, IA 52241
    County: Johnson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Iowa City, IA (#3500)
    Core Based Statistical Area (CBSA): Iowa City, IA (#26980)
    CBSA Metro Statistical Area: Iowa City, IA (#26980)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $83.3 mil
    Equity capital: $9.6 mil
    Deposits held in domestic offices: $68.7 mil
    Return on assets (ROA): 0.22% ($0.2 mil)
    Quarterly return on assets: 0.84% ($0.7 mil)
    Return on Equity (ROE): 1.95% ($0.2 mil)
    Quarterly return on equity: 7.15% ($0.7 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.11% ($91.7 mil)
    Quarterly Pretax return on assets: 1.09% ($908.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 21Total employees (full-time equivalent)
  • $83,342Total assets
  • $1,931Cash and due from depository institutions
  • $336Interest-bearing balances
  • $29,579Securities
  • $3,800Federal funds sold & reverse repurchase agreements
  • $43,271Net loans & leases
  • $1,032Loan loss allowance
  • $0Trading account assets
  • $1,748Bank premises and fixed assets
  • $362Other real estate owned
  • $1,067Goodwill and other intangibles
  • $83,342Life insurance assets
  • $1,584All other assets
  • $73,745Total liabilities and capital
  • $68,733Total liabilities
  • $57,734Total deposits
  • $68,733Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $1,012Subordinated debt
  • $9,597All other liabilities
  • $9,597Total equity capital
  • $9,597Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $2,555Surplus
  • $6,442Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $222Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,650Income earned, not collected on loans
  • $0Earning assets
  • $433Long-term assets (5+ years)
  • $76,986Average Assets, year-to-date
  • $23,051Average Assets, quarterly
  • $82,386Volatile liabilities
  • $81,055Insider loans
  • $45,902FHLB advances
  • $79,308Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,055Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,312Restructured Loans and leases
  • $1,767Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,552Total interest income
  • $915Total interest expense
  • $2,637Net interest income
  • $60Provision for loan and lease losses
  • $209Total noninterest income
  • $0Fiduciary activities
  • $189Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $2,703Total noninterest expense
  • $1,246Salaries and employee benefits
  • $268Premises and equipment expense
  • $1,189Additional noninterest expense
  • $83Pre-tax net operating income
  • $7Securities gains (losses)
  • -$91Applicable income taxes
  • $181Income before extraordinary items
  • $0Extraordinary gains - net
  • $181Net income attributable to bank
  • $0Net charge-offs
  • $181Cash dividends
  • $93Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.11%Pretax return on assets
  • 1.95%Return on equity (ROE)
  • 1.95%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 64.52%Credit loss provision to net charge-offs
  • 1.54%Efficiency ratio
  • 94,975Assets per employee
  • 3.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.33%Loss allowance to noncurrent loans
  • 62.55%Noncurrent assets plus other real estate owned to assets
  • 2.41%Noncurrent loans to loans
  • 3.72%Net loans and leases to deposits
  • 62.96%Net loans and leases to core deposits
  • 63.56%Equity capital to assets
  • 11.52%Core capital (leverage) ratio
  • 10.16%Tier 1 risk-based capital ratio
  • 17.55%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $82,386Average earning assets
  • $9,287Average equity
  • $76,270Average loans

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06712Freedom Security Bank140 Holiday Road, Coralville, IA 52241January 01, 1899Full Service Brick and Mortar
    1357073Kalona Branch402 B Avenue, Kalona, IA 52247September 27, 1999Full Service Brick and Mortar

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