Freedom Bank INC
Belington, West Virginia · FDIC Cert #15664
This is the FDIC profile for Freedom Bank INC, an FDIC-insured bank (Certificate #15664) with $213M in total assets and $188M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Belington, West Virginia, the bank maintains a Tier 1 capital ratio of 10.48% (Well-Capitalized) and a nonperforming loan ratio of 0.64%. BankHealthData assigns a composite Health Grade of A (80/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Freedom Bank INC (FDIC cert 15664) is a community bank — $213M in total assets, $188M in deposits, serving the Belington, West Virginia area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 10.48% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 0.64% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is comfortable: 31.5% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is solid: ROA of 1.07% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is mildly positive across the recent-quarters window. The directional signal is favorable but not dramatic. Freedom Bank INC carries a composite BankHealth grade of A (80/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Freedom Bank INC
- Total Assets
- $213M
- Total Deposits
- $188M
- Tier 1 Capital Ratio
- 10.48%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.64%
- Liquidity Ratio
- 31.47%
- Return on Assets
- 1.07%
- Headquarters
- Belington, West Virginia
- FDIC Certificate
- #15664
- Health Grade
- A (80/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Freedom Bank INC files quarterly Call Reports with the FDIC under Certificate #15664. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, Freedom Bank INC holds a Tier 1 capital ratio of 10.48%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Freedom Bank INC has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Freedom Bank INC shows strong financial health indicators. With $213M in assets and a Health Score of 80/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Freedom Bank INC Compares
Freedom Bank INC’s Health Score of 80 is 1 points above the West Virginia state average of 79 across 43 FDIC-insured banks. Its 10.48% Tier 1 capital ratio is 3.5 points below the US banking industry average near 14%. The 0.64% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.07% is below the national ROA benchmark of ~1.1%. Among 1536 similarly-sized banks, the average Health Score is 81, meaning this bank ranks below its size cohort.
Frequently Asked Questions
Freedom Bank INC has a Bank Health Score of A (80/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 10.48%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Freedom Bank INC's Tier 1 capital ratio of 10.48% and nonperforming loan ratio of 0.64% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Freedom Bank INC is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #15664). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Freedom Bank INC holds $213M in total assets and $188M in total deposits. It is headquartered in Belington, West Virginia (FDIC Certificate #15664).
Freedom Bank INC's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #15664 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Freedom Bank INC has a Tier 1 capital ratio of 10.48%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.64%, and the return on assets is 1.07%.
Yes. Freedom Bank INC is FDIC-insured (Certificate #15664). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Freedom Bank INC's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.