# FREEDOM BANK
STERLING, IL · FDIC certificate 11705 · asset band <$300M · latest filing 2013-12 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (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 | $65.5M | |
| Deposits | $52.1M | |
| Loans and leases | $37.6M | |
| Total equity | $5.1M | |
| Loans / deposits | 72.18% (p55 of band) | 69.26% |
| Liquid assets / assets | 31.53% (p43 of band) | |
| Uninsured deposits / deposits | 15.19% (p61 of band) | 12.49% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 9.91% (p84 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 6.41% (p3 of band) | 10.29% |
| Unrealized securities loss / equity | 0.28% (p78 of band) | -1.01% |
| AOCI / equity | 0.18% (p98 of band) | |
| ROA (annualized) | 0.09% (p13 of band) | 0.76% |
| Net interest margin | 0.52% (p1 of band) | 3.63% |
| Efficiency ratio | 63.76% (p24 of band) | |
| Noncurrent loans | 4.04% (p89 of band) | 0.94% |
| Net charge-offs (annualized) | 0.00% (p20 of band) | |
| Reserve coverage of noncurrent | 1.05% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 103.13% (p96 of band) | |
| Auto loans | $43,000 (0.11% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -10.9% | |
| Employees | 13 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **NIM <2.5%** (`earn_nim`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 1 |  | reserve under noncurrent |
| 2011-09 | 1 |  |  |
| 2011-12 | 3 | capital falling, losing money |  |
| 2012-03 | 2 | reserve under noncurrent | capital falling, losing money |
| 2012-06 | 2 | assets shrinking | reserve under noncurrent |
| 2012-09 | 1 |  | assets shrinking |
| 2012-12 | 7 | leverage <7%, losing money, charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2013-03 | 3 |  | losing money, charge-offs p90, assets shrinking, uninsured deposits leaving |
| 2013-06 | 6 | losing money, charge-offs p90, assets shrinking |  |
| 2013-09 | 6 | noncurrent p90, reserve under noncurrent | leverage <7%, losing money |
| 2013-12 | 6 | leverage <7%, NIM <2.5% | charge-offs p90, noncurrent p90 |

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

- 2026-06-25 [Freedom Bank Welcomes Sheila K. Stabile to Board of Directors - PR Newswire](https://news.google.com/rss/articles/CBMitwFBVV95cUxOUk01OWpxTUNDRGVGSlRpZFJXUXN4YXNsUnpjYzB0alBvVEpiRWxTR0tpYk82cmdjUGpKbDFUSE5KTzRYOEViNnN2enlqY2pJTGRMMnVkRTBJdHhzRHdUSnlZWmdXSU1qUVh6ZW5lVWZOemZqSmdISUo2VFRpeU1JeG11TjIzcXNFdjBZeFphdXg5QzJxbXhCc0hSVUpSWHpXRDl5dm85ZTN1X1VhREh0bExSTnNIYlk?oc=5) · PR Newswire
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2018-08-20 [Freedom Bank of Finance (1969-2000) - BlackPast.org](https://news.google.com/rss/articles/CBMiiAFBVV95cUxQLTUzQjk3MTZzWklMWDNtalV5U0hFSjA4OUlvam14R2JnVWJJRnJqNFEySEUweEZNd2RKdnVXZV85UUozUzI4TkNyYmU3emxMVkdqRnN4TUlyNXIwQ3RwUlN4SFM2UVBtYkFOOWlseFRPczhJajVkYUlvMkc3WHI1LWdBWlVuQTg0?oc=5) · BlackPast.org
- 2026-06-25 [Freedom Bank Appoints Sheila K. Stabile to Board of Directors - citybiz.co](https://news.google.com/rss/articles/CBMioAFBVV95cUxQaFp1M2Y4ZmJ2UC00MThwbjlVNUh6bHdpRE51akFvSE1NZ0JkR0JWVzNqa0JfWEJxc1V4eXZtRThiR1JQZE1rR3l3NzUxZ1NnbFg3RnVsUEFpRUlTVkQtbjFRTG9Lc015dzNLdzEwbV91ZWdEeGtXc3J0R2FsZUwxd25zSm5qQ1QyNXBnRnBHNVd3ZEVFRWdoMXVOYl8xTE91?oc=5) · citybiz.co
- 2014-08-17 [Freedom Bank Robbery and Shootout - Woodward News](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPUHg1b242eU9sOWRwMm4zVTdrM0ZkNFM5bXBOZUhXRS11NGx2blVYdDZKTFRIazZDMGJHenl3QUNaRTVFOURfa1RuSUFlUkdrU2xPX1dfdERFa3FINDRxUUZMWnhMQ0Zjd3BzRHdxTnU1MXlIZlNYc2d0SnNEQmJ0U09FYXZIV2VUYndzU21NemNQUkVIOUptQnpIdXRiUTEweDBQXzJDNzNtZnBDM3pDdWRRVmg2Y3EySkVmZ0hRSDI?oc=5) · Woodward News
- 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - Android Police](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · Android Police
- 2018-12-19 [Sauk Valley Bank buys IB&T branches - Shaw Local](https://news.google.com/rss/articles/CBMihwFBVV95cUxQQ3RIa2trVHBDUEFDeDNwcHhQdzlZWGJSZExhQVlJMDBFbllUdmdzNTNxeHdNX1dybzRVdUR6OHhiYUM1ZUxBVUZIWjJZeXFEbTZ1ZnRHUVMwTm9IT1F2dEhTOFo4Z1MyZFVzVXZwOWxtNnhRN3lVMEw1cW85TE8ya3VaazMtNlk?oc=5) · Shaw Local
- 2016-11-09 [https://marylandreporter.com/2025/10/25/freedom-bank-wins-an-award-in-dubai - MarylandReporter.com](https://news.google.com/rss/articles/CBMivwFBVV95cUxPT2hnV2F3aVB6ZFBPYm5NaTVOTWNkdXM2Um11M3hCQVJBQTRNcWxNN0RpMDFRQ3NxdzFvWm4tWERzRm9nbS01WXNCWUVFd2lhak03QTlQTEc1SGNKQzNMdFNidzRTVHcyVXhWR0cya2pvNXI2algxeXh0eWdwaFRnRXpMSlZWX250RzBTVXdOY3h2RjNMTTZSbTFJUFJMdW81aFc1LXdFU0ljVWRlYnN6R3hrd0IxNmZVcWVxOUNydw?oc=5) · MarylandReporter.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=11705 (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/57.json (key "11705", 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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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide