# FREEDOM NATIONAL BANK
GREENVILLE, RI · FDIC certificate 57254 · asset band <$300M · latest filing 2020-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. 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 | $144.2M | |
| Deposits | $121.9M | |
| Loans and leases | $127.7M | |
| Total equity | $12.5M | |
| Loans / deposits | 103.70% (p94 of band) | 73.75% |
| Liquid assets / assets | 9.46% (p2 of band) | |
| Uninsured deposits / deposits | 28.73% (p85 of band) | 17.11% |
| Brokered deposits | 8.15% | |
| Wholesale funding | 13.88% (p89 of band) | |
| FHLB advances / assets | 2.61% | |
| Tier 1 leverage | 9.14% (p20 of band) | 10.95% |
| Unrealized securities loss / equity | 3.99% (p63 of band) | 2.60% |
| AOCI / equity | 0.41% (p30 of band) | |
| ROA (annualized) | -0.05% (p6 of band) | 0.97% |
| Net interest margin | 3.55% (p46 of band) | 3.63% |
| Efficiency ratio | 92.54% (p90 of band) | |
| Noncurrent loans | 0.00% (p8 of band) | 0.52% |
| Net charge-offs (annualized) | -0.03% (p9 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 68% | |
| Construction % of loans | 0.00% (p8 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 | 26.9% | |
| Employees | 22 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **losing money** (`earn_negative`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 3 | capital falling |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 3 | losing money, expense ratio p90 | charge-offs p90, capital falling |
| 2012-06 | 3 | uninsured deposits leaving | expense ratio p90 |
| 2012-09 | 3 | expense ratio p90 | uninsured deposits leaving |
| 2012-12 | 4 | deposits shrinking, uninsured deposits leaving | expense ratio p90 |
| 2013-03 | 3 | expense ratio p90, charge-offs p90 | reserve under noncurrent, deposits shrinking, uninsured deposits leaving |
| 2013-06 | 4 | capital falling |  |
| 2013-09 | 3 |  | capital falling |
| 2013-12 | 4 | reserve under noncurrent |  |
| 2014-03 | 2 |  | losing money, charge-offs p90 |
| 2014-06 | 3 | charge-offs p90, uninsured deposits leaving | reserve under noncurrent |
| 2014-09 | 4 | wholesale funding >15%, losing money | uninsured deposits leaving |
| 2014-12 | 1 |  | charge-offs p90, wholesale funding >15%, losing money |
| 2015-03 | 3 | loans exceed deposits, wholesale funding >15%, uninsured deposits leaving | expense ratio p90 |
| 2015-06 | 2 | charge-offs p90 | wholesale funding >15%, uninsured deposits leaving |
| 2015-09 | 2 | wholesale funding >15% | charge-offs p90 |
| 2015-12 | 1 |  | wholesale funding >15% |
| 2016-03 | 3 | wholesale funding >15%, charge-offs p90 |  |
| 2016-06 | 2 |  | charge-offs p90 |
| 2016-09 | 2 |  |  |
| 2016-12 | 3 | deposits shrinking, assets shrinking | wholesale funding >15% |
| 2017-03 | 2 | losing money, expense ratio p90 | loans exceed deposits, deposits shrinking, assets shrinking |
| 2017-06 | 2 | loans exceed deposits | losing money |
| 2017-09 | 3 | wholesale funding >15% |  |
| 2017-12 | 4 | capital falling |  |
| 2018-03 | 2 |  | expense ratio p90, capital falling |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | capital falling |  |
| 2018-12 | 3 | brokered >10% | capital falling |
| 2019-03 | 6 | losing money, charge-offs p90, reserve under noncurrent |  |
| 2019-06 | 6 | liquid assets <10% | losing money |
| 2019-09 | 1 |  | loans exceed deposits, wholesale funding >15%, brokered >10%, reserve under noncurrent, liquid assets <10% |
| 2019-12 | 1 | loans exceed deposits | charge-offs p90 |
| 2020-03 | 3 | losing money, expense ratio p90 |  |
| 2020-06 | 3 | liquid assets <10% | expense ratio p90 |

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

- 2020-01-19 [Bristol County Savings Bank Acquires Freedom National Bank - rinewstoday.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxObFFHNFF1c2g3NVVUVndsVnJMeWg1MTNXTDFQNC1qdGFPQ3AyS29UT1Y1cERSUV9GdldPdkR3a1l2RUNKdEFEam15ajllSlRRMzhycTh1UGRJd1dPR3RzVWl3VWRoSzRSZy0tVFpRTmdXY25WWXBXdnotdy1oYmNmdkpsckxld3VDUE1N?oc=5) · rinewstoday.com
- 2020-08-04 [Bristol County Savings Bank Completes Acquisition Of Freedom National Bank - PR Newswire](https://news.google.com/rss/articles/CBMiygFBVV95cUxPbjR4elNsVzJ4RFBxZEp5eU4wMmIxLVRIM0dVT3FDcUFuZEVLSTZJaEhSMmktRFRaWmNDYnNCX1pPc1BSQXpJRDNRcHZ5SFd1eHk3WUp5N0I2ekRwMFlaZzJLM21DWkU5MjlDSm1MblZ4WjVwSlhRMVh4OGloWWR4QzdGUTJpNzJuWlFydUFLcnlzbHhjWWw2MlZNcG1idU94RjZzakUzcU9sWnJZbDM2Z3R2akgybHI1STNyTi1jT1hneF9yQV9uS0NR?oc=5) · PR Newswire
- 2020-08-03 [Freedom Bank officially joins Bristol County Savings Bank - Taunton Daily Gazette](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOWFJVZEptbXphcV9sWF9QdWxVcWZyYXQ3b0ZQbVE0TDBhTVY0ZDhmY01rZFFrMUQ2MWFnX05NamxTSzNvcFpkTDhGdlNrX2hOQzFuVVk4SnBlaG9KejFsYm0zT181TTZqMXg0ekxkeTdGTDQtam9tS0ViajVQV21DcmFlc0QtZ0ptWllNZ0g2N3pJTU5aMXdHOFZSUzhrZ0VjcjBESFR6UHBoRS1hSnQ1Vzc2bnRTdGxTVVZoUXhjbk1objQ?oc=5) · Taunton Daily Gazette
- 2020-01-15 [Bristol County Savings Bank enters into agreement to acquire Freedom National Bank - Providence Business News](https://news.google.com/rss/articles/CBMioAFBVV95cUxPX19oblFsaTZwdHVjVkU0eTBDRlI2dlV5aFRfMUptUngtYjNubWttQUxhTkNuUXpSSGJSb1pEM3ByWDhxZThFUFpOcVBQWVUyS2hhTWp5Qmx6SUJjNVpqVXdsOF9qUXhwSzNTaFpER2IyVXBkLVdYNElwYXhBend2SU5INGd6Q2hud3lySk5TaUFmbXRuekFDWWQxeE5Nam830gGoAUFVX3lxTE45WTlWbmc5Ny1yWm9ZTWlpcEFwZ0VlRmF0c0FBRmxBQV85MmZ5RTZWMk5GaHpXQ0NXZWQ0M2hDODFodnVoa0lvNkhTUlFvc0dsOUdpVWlXSVBLcTFVTllFVDEzdlJQSnNsUlJoZzZucDFKX2J1cGVMSE5ORGlyWjR3eXdjNTc1cXZiYTBwT1B3WFlJYkRBbzVpdXI1eHoxMUswaTh2OFVYVw?oc=5) · Providence Business News
- 2019-05-17 [Magaziner Announces Expansion of BankLOCAL Initiative - Go Local Prov](https://news.google.com/rss/articles/CBMilAFBVV95cUxNSDQxUVBweUhLRU1vLTV3cVVfQXFfQkNtQ2tqM3ptQVhRVF9lc0tVcWZobnlFVlJHQWROZXpsMHVxR0JVdExXX3VSZkVsck94TkVyZmdjd1N5V2xtN2stX0lWTnl4SWgycWxGUXlxbUJqZTZMN29hOV9vaU5Ra2tZazJscUpoYm1ORDJNdktMc0dfTEdU?oc=5) · Go Local Prov
- 2020-10-19 [Andrea J. White appointed new Naveo Credit Union President and CEO - Fall River Herald News](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQRVJRRklkNHZseUZrdTBZek1qT0FUQnl0dVpEeEg4NUNUVF9pSjN1Vm44RHJJNUp3bFBlTE1jcUlPVjFidVBOZ3dvUDlsTTFjMWpyTHI5T1FpSkJ0WkJfTGhMWnMzOUVLY2VrR1lzN3NLMHE3V25mM0Q0Q2JpR0paUWQ1LU5KRmZaUnNoZjBYQmN4Z0U4V1JwZDFhSmtGOWZRVUdxXzJHamkzeDRJbXZXYmFjb1drMWtLS2lha1RmWFkxdw?oc=5) · Fall River Herald News
- 2015-12-27 [Dr. Cecil James Milner Obituary Dec 27, 2015 - Sunset Memorial Park, Funeral Home, and Crematory](https://news.google.com/rss/articles/CBMiZkFVX3lxTE10VWZLdVI5Z2dvQWZsSndkaUgtclJ2ekMzOEFlSEdfNkR3cUFxQ0IzTm5yM0c5WFUweXBUSmxCN2pONnRJbTZEVW5OTkd0YTljbzY5Ty1OOUJ0NnJtMEVFUTBzVkJfdw?oc=5) · Sunset Memorial Park, Funeral Home, and Crematory
- 2013-09-27 [Alicia Ambrose named BankFive VP, commercial lender - SouthCoastToday.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxPVENKVDVWWWRoNF9ENncwVlRodW5BbWpLUTRuOHBUU2p6dEkzeW9tczZBUzVfRTdIb3duUlR4Uy1DeDFmRGo5cFJvOTVMb21YcHhHcDZTVk5VcWwzM19JSG9nN3FDVUpWQlR5UXAzSzFvMTNyV2VyVk94RklCTm9wc2NpWU1UTUZXcE8zUzlyWnBONks2b085X3hBZFRhQkJ0ZGpXVEZn?oc=5) · SouthCoastToday.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57254 (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/38.json (key "57254", 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