# FREEDOM FINANCIAL BANK
WEST DES MOINES, IA · FDIC certificate 35031 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $269.3M | |
| Deposits | $206.4M | |
| Loans and leases | $225.8M | |
| Total equity | $25.0M | |
| Loans / deposits | 107.75% (p95 of band) | 73.59% |
| Liquid assets / assets | 14.56% (p11 of band) | |
| Uninsured deposits / deposits | 29.63% (p80 of band) | 19.81% |
| Brokered deposits | 11.99% | |
| Wholesale funding | 25.24% (p97 of band) | |
| FHLB advances / assets | 13.25% | |
| Tier 1 leverage | 9.30% (p14 of band) | 11.76% |
| Unrealized securities loss / equity | -0.44% (p83 of band) | -6.57% |
| AOCI / equity | -0.34% (p52 of band) | |
| ROA (annualized) | 1.33% (p60 of band) | 1.17% |
| Net interest margin | 3.08% (p15 of band) | 3.93% |
| Efficiency ratio | 52.38% (p18 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 79% | |
| Construction % of loans | 33.98% (p67 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.9% | |
| Employees | 18 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, brokered >10%, wholesale funding >15% |  |
| 2011-06 | 4 | liquid assets <10% |  |
| 2011-09 | 3 |  | brokered >10% |
| 2011-12 | 3 |  |  |
| 2012-03 | 1 |  | wholesale funding >15%, liquid assets <10% |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 | capital falling | loans exceed deposits |
| 2012-12 | 0 |  | capital falling |
| 2013-03 | 3 | brokered >10%, wholesale funding >15%, uninsured deposits leaving |  |
| 2013-06 | 2 |  | uninsured deposits leaving |
| 2013-09 | 3 | capital falling |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 3 | loans exceed deposits | capital falling |
| 2014-06 | 3 |  |  |
| 2014-09 | 4 | capital falling |  |
| 2014-12 | 4 | liquid assets <10% | capital falling |
| 2015-03 | 4 |  |  |
| 2015-06 | 2 |  | loans exceed deposits, liquid assets <10% |
| 2015-09 | 4 | loans exceed deposits, capital falling |  |
| 2015-12 | 4 | liquid assets <10% | capital falling |
| 2016-03 | 4 |  |  |
| 2016-06 | 6 | deposits shrinking, uninsured deposits leaving |  |
| 2016-09 | 5 | capital falling | deposits shrinking, uninsured deposits leaving |
| 2016-12 | 3 |  | liquid assets <10%, capital falling |
| 2017-03 | 3 |  |  |
| 2017-06 | 4 | capital falling |  |
| 2017-09 | 3 |  | loans exceed deposits |
| 2017-12 | 4 | loans exceed deposits |  |
| 2018-03 | 4 | deposits shrinking | capital falling |
| 2018-06 | 4 |  |  |
| 2018-09 | 4 | capital falling | deposits shrinking |
| 2018-12 | 4 | construction >100% equity | capital falling |
| 2019-03 | 3 |  | construction >100% equity |
| 2019-06 | 3 |  |  |
| 2019-09 | 3 | capital falling | brokered >10% |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 | reserve under noncurrent | capital falling |
| 2020-06 | 3 | charge-offs p90 | reserve under noncurrent |
| 2020-09 | 3 | capital falling | loans exceed deposits |
| 2020-12 | 2 |  | capital falling |
| 2021-03 | 3 | loans exceed deposits, NIM <2.5% | charge-offs p90 |
| 2021-06 | 4 | brokered >10% |  |
| 2021-09 | 4 | assets shrinking | loans exceed deposits |
| 2021-12 | 2 |  | NIM <2.5%, assets shrinking |
| 2022-03 | 3 | loans exceed deposits |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 4 | capital falling |  |
| 2022-12 | 3 |  | capital falling |
| 2023-03 | 3 |  |  |
| 2023-06 | 3 |  |  |
| 2023-09 | 2 |  | loans exceed deposits |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 4 | loans exceed deposits, construction >100% equity |  |
| 2024-09 | 3 |  | construction >100% equity |
| 2024-12 | 4 | construction >100% equity |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 3 |  | construction >100% equity |
| 2025-12 | 4 | capital falling |  |
| 2026-03 | 3 |  | brokered >10% |
| 2026-06 | 3 | brokered >10% | capital falling |

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

- 2024-11-21 [Georgia duo arrested for West Des Moines bank robbery - KCCI](https://news.google.com/rss/articles/CBMirAFBVV95cUxQRVJXOWlXWFJDeGNzRjg5d0RXVlVHTTMwQ0ZBUVlqN1RBZzN0QVZJM0RvZm5vUzRiUHJUYTlFeW5FMklDU2c1QVZPd0JaX1hOaU92X2EtWmtQUnpPYjNzakNFc2didjVJdk1BSEJsRGFzNmhDdkQ3X2hsMzF5MHN2T2dZc21HMXNGX3hSQ2U1ekdsbDdZN1AtLUpIangxX1A0NGlNVzE4TkZTU0VP?oc=5) · KCCI
- 2024-11-21 [2 suspects from Georgia arrested in West Des Moines bank robbery - WHO13.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQMEVPTUItc3lsSm4yMGNPWXd3bjQzellldmdHUE95SV83QlZobXhkV0dDcHBOTW1OQnl5UXhUNWhkMGtpZ21uUEpjS3gxQzR4R1hkdmZrenBEUUVEWEdtQldGNGdRaFBoRmxJQVROMEFBM3puTF8wZjViTTROS3NTeDI5R3B2UHk3ZjBELXBzYmlEQdIBlwFBVV95cUxPMlRVQXlXbjVDYmxGRHJURHNlV3ZBT19hT2JqRzBtckwtMUFyNXNJN2hqaTR6UVF3cHhPMEpEYTMzRlZLTjA1WFJGcHl0dTQ4dlJ3ZDE2alp6cDR2d0dvLTNiX3oxTG9PN0pza3ZPNExMazliTTNkb0hvdHVDaE1PclltSkhxQzJrcUlvOGJyaTlKZ2JZR1lN?oc=5) · WHO13.com
- 2024-11-21 [West Des Moines police arrest bank robbery suspects - weareiowa.com](https://news.google.com/rss/articles/CBMi6gFBVV95cUxOOGVxaXpRWkRkb3hVZENMUk1DaldUT0JSRkxYOGZHeTJqbVlDTXJZbUVfWXVISW4taU9mWEJHYWxhMFhfY2VmTGJRUElJa1NZODNuWUNCNk9Dc3hhV2RiSEJCR0I0R05iQjhVRF9aaXZtT3ZpdkZfRTNBR2gzOGg5aEJyNG11Z181QUxqdVVjYVI1Z2hQU1BCODJqSHpvZXNHR1prX3h3UmllcjFHLVltbHAxWWVXeFlaLVF5cDNBR1hOZHVsbWMtN2ZqVFNBRGJ4QjgwQXI5TkVMTHg3TVdqc0VYZmc3QnBITFE?oc=5) · weareiowa.com
- 2010-08-01 [STEVEN DOZIER Obituary (2010) - Des Moines, IA - the Des Moines Register - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPWWJoRnVzR2xDNGdsNFJJb2M1T1k5eGhfWnVvODBUUkFKVFlINkpHREE2UXkzUjVuWWlRQzdjREkwMEhnUXBZV1lUMWZZU2lPeTZzVXRmVDl0c25CbHBzbURkSmFoMG1Zanc3V3pSZlc4b2ZYZFJ5Ukw1ZXN5ZWROaHV2WFBhZElWcWwxT3pETDgyWTQ2WW9CSXRB?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35031 (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/23.json (key "35031", 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