# FREEDOM SECURITY BANK
CORALVILLE, IA · FDIC certificate 10491 · asset band <$300M · latest filing 2013-06 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $72.8M | |
| Deposits | $63.2M | |
| Loans and leases | $39.0M | |
| Total equity | $9.1M | |
| Loans / deposits | 60.56% (p35 of band) | 68.67% |
| Liquid assets / assets | 41.48% (p62 of band) | |
| Uninsured deposits / deposits | 8.83% (p36 of band) | 11.61% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.60% (p39 of band) | 10.18% |
| Unrealized securities loss / equity | 2.52% (p87 of band) | -0.21% |
| AOCI / equity | -4.12% (p39 of band) | |
| ROA (annualized) | 0.15% (p14 of band) | 0.77% |
| Net interest margin | 3.15% (p27 of band) | 3.59% |
| Efficiency ratio | 98.83% (p91 of band) | |
| Noncurrent loans | 0.25% (p23 of band) | 1.13% |
| Net charge-offs (annualized) | -0.01% (p15 of band) | |
| Reserve coverage of noncurrent | 704.04% | |
| Real estate % of loans | 78% | |
| Construction % of loans | 14.64% (p48 of band) | |
| Auto loans | $1.0M (2.58% of loans; DQ 0.50%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -2.0% | |
| Employees | 21 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 3 | losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-09 | 2 |  | losing money |
| 2011-12 | 1 |  | expense ratio p90 |
| 2012-03 | 5 | capital falling, charge-offs p90, deposits shrinking, uninsured deposits leaving |  |
| 2012-06 | 1 |  | reserve under noncurrent, capital falling, charge-offs p90, deposits shrinking |
| 2012-09 | 1 | expense ratio p90 | uninsured deposits leaving |
| 2012-12 | 2 | losing money |  |
| 2013-03 | 2 | assets shrinking | losing money |
| 2013-06 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2008-10-02 [Moeller heads Chamber - The Kalona News](https://news.google.com/rss/articles/CBMib0FVX3lxTFBnSXlUWTRDT3RCbUxpRUI1UGRvQXVsc0ExSU5hdHZWT3NyZ0VqTUFUaEJTYjZWOTYtWHhkWVdHOTdPc1phYkxKZmpEV2pUN3BGWGlaSW9qLXR6dUFCaFR0NUNvVmdneVk4QWJ3M0Jacw?oc=5) · The Kalona News
- 2013-04-07 [John Rigler Obituary (2013) - Muscatine, IA - the Des Moines Register - legacy.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxNdXBuNDBHbW1RRXpndnlNVmZpUmtzSEJfRjkyRFNYM1ZGOUg5cGZEVWc5QlZuRHNxQmJOakZpOE0wSW9aMEFtV1g3ZjdrZDEyM1NEeTNQZmg3NVBKM283MkJmbk1fcTQySXhJLUZ6RDY0Sy1rQXZqY1VicThfUlB0T2ZpaGJ2enpjM2Yta201QUxQdDR1NXI0?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=10491 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/59.json (key "10491", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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