Headquartered in West Des Moines, Iowa, Freedom Financial Bank is a state-chartered bank (fed member) with $269.3M in total assets and $206.4M in deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1999.
Based on its Q2 2026 filing, Freedom Financial Bank scores 68/100, which we describe as moderate. That is higher than only 37% of 2,650 banks with $100 million – $1 billion. Among 226 banks headquartered in Iowa, it ranks 155th. Its strongest component is loan quality (100/100; 0.00%), and its lowest is funding & liquidity (36/100; 108% loans-to-deposits, 30% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
The score has been essentially flat from Q2 2025 to Q2 2026 (67 → 68).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 67 |
| Q3 2024 | 67 |
| Q4 2024 | 68 |
| Q1 2025 | 66 |
| Q2 2025 | 67 |
| Q3 2025 | 66 |
| Q4 2025 | 65 |
| Q1 2026 | 67 |
| Q2 2026 | 68 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.99% |
| Q3 2024 | 9.01% |
| Q4 2024 | 9.34% |
| Q1 2025 | 9.22% |
| Q2 2025 | 9.36% |
| Q3 2025 | 9.25% |
| Q4 2025 | 9.22% |
| Q1 2026 | 9.16% |
| Q2 2026 | 9.30% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.00% |
| Q4 2024 | 0.00% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.00% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.00% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.41% |
| Q3 2024 | 1.37% |
| Q4 2024 | 1.37% |
| Q1 2025 | 1.15% |
| Q2 2025 | 1.26% |
| Q3 2025 | 1.32% |
| Q4 2025 | 1.24% |
| Q1 2026 | 1.23% |
| Q2 2026 | 1.33% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 68 | $269.3M | 9.30% | 0.00% | 1.33% | 107.8% |
| Q1 2026 | 67 | $269.7M | 9.16% | 0.00% | 1.23% | 113.7% |
| Q4 2025 | 65 | $273.8M | 9.22% | 0.00% | 1.24% | 114.1% |
| Q3 2025 | 66 | $267.4M | 9.25% | 0.00% | 1.32% | 111.3% |
| Q2 2025 | 67 | $266.1M | 9.36% | 0.00% | 1.26% | 110.5% |
| Q1 2025 | 66 | $267.0M | 9.22% | 0.00% | 1.15% | 105.9% |
| Q4 2024 | 68 | $262.3M | 9.34% | 0.00% | 1.37% | 108.2% |
| Q3 2024 | 67 | $257.8M | 9.01% | 0.00% | 1.37% | 106.1% |
| Q2 2024 | 67 | $268.5M | 8.99% | 0.00% | 1.41% | 106.3% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Iowa
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Westside State BankBank Westside, IA | 51 out of 100, Below average | $268.7M | 8.8% | 1.57% | vs |
| Mediapolis Savings BankBank Mediapolis, IA | 71 out of 100, Strong | $269.9M | 10.2% | 0.39% | vs |
| Cherokee State BankBank Cherokee, IA | 83 out of 100, Strong | $271.1M | 13.0% | 0.00% | vs |
| Farmers and Merchants State BankBank Winterset, IA | 78 out of 100, Strong | $271.7M | 10.7% | 0.00% | vs |
| Security Trust & Savings BankBank Storm Lake, IA | 70 out of 100, Strong | $266.4M | 10.4% | 0.78% | vs |
| FNB BankBank Fontanelle, IA | 91 out of 100, Very strong | $274.6M | 14.5% | 0.02% | vs |
Deposit insurance
Is my money safe at Freedom Financial Bank?
Yes. Freedom Financial Bank is an FDIC-insured institution (FDIC certificate #35031). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 29.6% of deposits ($61.1M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 9.30%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 11.62% (benchmark: 10%).
2 locations
Branches
Freedom Financial Bank lists 2 offices in 2 cities. Most locations:
Identity & history
Profile
- Legal name
- Freedom Financial Bank
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 35031
- RSSD ID
- 2735137
- Primary regulator
- FED
- Holding company
- Freedom Holdings Co
- Established
- February 22, 1999
- Headquarters
- 1255 Jordan Creek Pkwy, West Des Moines, IA 50266
- Website
- www.freedomfinancialbank.com
- Employees
- 18
Quick answers
Freedom Financial Bank: common questions
Is Freedom Financial Bank FDIC insured?
Yes. Freedom Financial Bank is an FDIC-insured institution (FDIC certificate #35031). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Freedom Financial Bank's TellerScore?
68 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Freedom Financial Bank ever failed?
There is no failure record for FDIC certificate #35031 in the FDIC failed bank list.
How many branches does Freedom Financial Bank have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near West Des Moines
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Lamoure Credit UnionCredit union Lamoure, ND | 98 out of 100, Very strong | $38.8M | 18.9% | 0.00% | vs |
| ITS BankBank Johnston, IA | 98 out of 100, Very strong | $45.2M | 97.5% | 0.00% | vs |
| Iowa State BankBank Des Moines, IA | 95 out of 100, Very strong | $480.5M | 15.9% | 0.00% | vs |
| Journey Credit UnionCredit union Des Moines, IA | 85 out of 100, Very strong | $97.6M | 16.9% | 1.11% | vs |
| Serve Credit UnionCredit union Des Moines, IA | 84 out of 100, Strong | $101.3M | 18.1% | 0.81% | vs |
| Charter BankBank Johnston, IA | 83 out of 100, Strong | $227.5M | 11.0% | 0.00% | vs |