The Freedom State Bank in Freedom, Oklahoma (OK)



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The Freedom State Bank routing number info

Table of contents:
The Freedom State Bank
GeneralFDIC Certificate #: 12483
Status: Active
Federal Reserve ID: 187358
Date Established: January 01, 1919
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 #: 7943
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: No
Asset Concentration Hierarchy: Agricultural Specialization
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
LocationAddress: 61 Main, Freedom, OK 73842
County: Woods
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Oklahoma City
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $20.9 mil
Equity capital: $1.8 mil
Deposits held in domestic offices: $19.1 mil
Return on assets (ROA): 0.41% ($0.1 mil)
Quarterly return on assets: -0.31% (-$0.1 mil)
Return on Equity (ROE): 4.42% ($0.1 mil)
Quarterly return on equity: -3.56% (-$0.1 mil)
Net income: $0.1 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: 0.46% ($96.2 mil)
Quarterly Pretax return on assets: -0.31% (-$64.8 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)
Total employees (full-time equivalent)7
Total assets$20,909
Cash and due from depository institutions$3,608
Interest-bearing balances$1,809
Securities$2,860
Federal funds sold & reverse repurchase agreements$4,894
Net loans & leases$8,827
Loan loss allowance $132
Trading account assets$0
Bank premises and fixed assets$106
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$614
Life insurance assets$20,909
Total liabilities and capital$19,124
Total liabilities$19,094
Total deposits$14,753
Interest-bearing deposits$19,094
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $30
All other liabilities $1,785
Total equity capital$1,785
Total bank equity capital$1,785
Perpetual preferred stock$0
Common stock$150
Surplus$350
Undivided profits $1,285
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 $655
Earning assets $242
Long-term assets (5+ years) $260
Average Assets, year-to-date $18,390
Average Assets, quarterly $2,871
Volatile liabilities $18,937
Insider loans $20,363
FHLB advances $11,282
Loans and leases held for sale $20,885
Unused loan commitments $312
Tier 1 (core) risk-based capital $312
Tier 2 risk-based capital $1,783
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $849
Derivatives$61
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $693
Total interest expense $161
Net interest income $532
Provision for loan and lease losses $60
Total noninterest income $101
Fiduciary activities $0
Service charges on deposit accounts $86
Trading account gains & fees $0
Additional noninterest income $15
Total noninterest expense $564
Salaries and employee benefits $346
Premises and equipment expense $27
Additional noninterest expense $191
Pre-tax net operating income $9
Securities gains (losses) $78
Applicable income taxes $9
Income before extraordinary items $78
Extraordinary gains - net $0
Net income attributable to bank $78
Net charge-offs $0
Cash dividends $78
Sale, conversion, retirement of capital stock, net $82
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.04%
Cost of funding earning assets 0.94%
Net interest margin 3.10%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 3.29%
Net operating income to assets 0.04%
Return on assets (ROA) 0.41%
Pretax return on assets 0.46%
Return on equity (ROE) 4.42%
Retained earnings to average equity (YTD only) 4.42%
Net charge-offs to loans 0.96%
Credit loss provision to net charge-offs 73.17%
Efficiency ratio0.84%
Assets per employee$89,100
Cash dividends to net income (YTD only)2.99%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.47%
Noncurrent assets plus other real estate owned to assets 20.15%
Noncurrent loans to loans 3.13%
Net loans and leases to deposits7.31%
Net loans and leases to core deposits 46.23%
Equity capital to assets 46.23%
Core capital (leverage) ratio 8.54%
Tier 1 risk-based capital ratio 8.54%
Total risk-based capital ratio 15.80%
Memoranda
Average assets$17
Average earning assets$18,937
Average equity $1,765
Average loans $17,167
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1 Oklahoma Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07943The Freedom State Bank61 Main, Freedom, OK 73842January 01, 1919Full Service Brick and Mortar
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