FreedomBank (FDIC certificate #11767) is based in Elkader, Iowa. Its Q2 2026 call report shows $433.9M in total assets and $367.9M in deposits and 4 offices.
Based on its Q2 2026 filing, FreedomBank scores 73/100, which we describe as strong. That is higher than 53% of 2,650 banks with $100 million – $1 billion. Among 226 banks headquartered in Iowa, it ranks 111th. Its strongest component is problem-loan coverage (92/100; 4.2%), and its lowest is capital cushion (57/100; 10.70%).
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
From Q2 2025 to Q2 2026, the score rose 8 points (65 → 73), mostly because the loan quality component improved by 20 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 67 |
| Q3 2024 | 69 |
| Q4 2024 | 70 |
| Q1 2025 | 63 |
| Q2 2025 | 65 |
| Q3 2025 | 68 |
| Q4 2025 | 69 |
| Q1 2026 | 71 |
| Q2 2026 | 73 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.99% |
| Q3 2024 | 10.32% |
| Q4 2024 | 9.86% |
| Q1 2025 | 9.99% |
| Q2 2025 | 10.08% |
| Q3 2025 | 10.22% |
| Q4 2025 | 10.00% |
| Q1 2026 | 10.33% |
| Q2 2026 | 10.70% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.31% |
| Q3 2024 | 0.25% |
| Q4 2024 | 0.07% |
| Q1 2025 | 0.92% |
| Q2 2025 | 0.87% |
| Q3 2025 | 0.51% |
| Q4 2025 | 0.50% |
| Q1 2026 | 0.52% |
| Q2 2026 | 0.26% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.75% |
| Q3 2024 | 0.73% |
| Q4 2024 | 0.80% |
| Q1 2025 | 0.99% |
| Q2 2025 | 1.05% |
| Q3 2025 | 1.08% |
| Q4 2025 | 1.18% |
| Q1 2026 | 1.32% |
| Q2 2026 | 1.22% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 73 | $433.9M | 10.70% | 0.26% | 1.22% | 89.9% |
| Q1 2026 | 71 | $439.8M | 10.33% | 0.52% | 1.32% | 87.3% |
| Q4 2025 | 69 | $440.8M | 10.00% | 0.50% | 1.18% | 85.7% |
| Q3 2025 | 68 | $435.9M | 10.22% | 0.51% | 1.08% | 86.9% |
| Q2 2025 | 65 | $435.8M | 10.08% | 0.87% | 1.05% | 83.6% |
| Q1 2025 | 63 | $451.0M | 9.99% | 0.92% | 0.99% | 79.7% |
| Q4 2024 | 70 | $437.1M | 9.86% | 0.07% | 0.80% | 80.1% |
| Q3 2024 | 69 | $427.2M | 10.32% | 0.25% | 0.73% | 82.3% |
| Q2 2024 | 67 | $429.2M | 9.99% | 0.31% | 0.75% | 83.4% |
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 |
|---|---|---|---|---|---|
| TS BankBank Treynor, IA | 72 out of 100, Strong | $432.7M | 10.6% | 1.41% | vs |
| Maquoketa State BankBank Maquoketa, IA | 86 out of 100, Very strong | $429.0M | 16.4% | 0.52% | vs |
| Waukon State BankBank Waukon, IA | 78 out of 100, Strong | $426.9M | 10.4% | 0.00% | vs |
| Farmers Trust and Savings BankBank Buffalo Center, IA | 74 out of 100, Strong | $422.7M | 9.9% | 0.06% | vs |
| Central State BankBank Coralville, IA | 76 out of 100, Strong | $419.3M | 10.3% | 0.02% | vs |
| GreatAmerica Bank National AssociationBank Cedar Rapids, IA | 73 out of 100, Strong | $450.0M | 61.6% | 0.00% | vs |
Deposit insurance
Is my money safe at FreedomBank?
Yes. FreedomBank is an FDIC-insured institution (FDIC certificate #11767). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 18.4% of deposits ($67.8M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.70%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 15.32% (benchmark: 10%).
4 locations
Branches
FreedomBank lists 4 offices in 4 cities. Most locations:
- Elkader, IA (1)
- Monona, IA (1)
- Postville, IA (1)
- Waukon, IA (1)
Identity & history
Profile
- Legal name
- FreedomBank
- Former names
- Freedom Bank; Farmersburg Savings Bank; Peoples State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 11767
- RSSD ID
- 652043
- Primary regulator
- FDIC
- Holding company
- Freedombank Shares Employee Stk Ownership Plan
- Established
- January 1, 1903
- Headquarters
- 210 S Main St, Elkader, IA 52043
- Website
- www.freedombnk.com
- Employees
- 52
Quick answers
FreedomBank: common questions
Is FreedomBank FDIC insured?
Yes. FreedomBank is an FDIC-insured institution (FDIC certificate #11767). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is FreedomBank's TellerScore?
73 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has FreedomBank ever failed?
There is no failure record for FDIC certificate #11767 in the FDIC failed bank list.
How many branches does FreedomBank have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Elkader
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Peoples State BankBank Prairie Du Chien, WI | 80 out of 100, Strong | $993.0M | 11.5% | 0.21% | vs |
| Kerndt Brothers Savings BankBank Lansing, IA | 79 out of 100, Strong | $347.2M | 10.9% | 0.65% | vs |
| Royal BankBank Elroy, WI | 79 out of 100, Strong | $816.1M | 10.5% | 0.06% | vs |
| Community First BankBank Boscobel, WI | 78 out of 100, Strong | $634.1M | 11.0% | 0.32% | vs |
| Northeast Security BankBank Sumner, IA | 77 out of 100, Strong | $461.9M | 10.8% | 0.00% | vs |
| Central State BankBank Coralville, IA | 76 out of 100, Strong | $419.3M | 10.3% | 0.02% | vs |