# FREEDOM BANK
SAINT PETERSBURG, FL · FDIC certificate 57945 · asset band $300M-1B · latest filing 2020-06 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $392.2M | |
| Deposits | $358.9M | |
| Loans and leases | $311.7M | |
| Total equity | $31.5M | |
| Loans / deposits | 85.92% (p58 of band) | 82.55% |
| Liquid assets / assets | 17.78% (p23 of band) | |
| Uninsured deposits / deposits | 44.91% (p93 of band) | 23.22% |
| Brokered deposits | 1.34% | |
| Wholesale funding | 1.34% (p29 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.20% (p10 of band) | 10.04% |
| Unrealized securities loss / equity | 0.29% (p15 of band) | 2.80% |
| AOCI / equity | 0.09% (p14 of band) | |
| ROA (annualized) | 1.27% (p67 of band) | 1.04% |
| Net interest margin | 3.75% (p62 of band) | 3.59% |
| Efficiency ratio | 57.97% (p28 of band) | |
| Noncurrent loans | 0.24% (p28 of band) | 0.55% |
| Net charge-offs (annualized) | 0.00% (p32 of band) | |
| Reserve coverage of noncurrent | 441.24% | |
| Real estate % of loans | 58% | |
| Construction % of loans | 42.97% (p55 of band) | |
| Auto loans | $70,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 13.8% | |
| Employees | 42 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | brokered >10%, wholesale funding >15%, leverage <7%, losing money, expense ratio p90 |  |
| 2011-06 | 3 |  | brokered >10%, wholesale funding >15% |
| 2011-09 | 4 | liquid assets <10% |  |
| 2011-12 | 3 |  | liquid assets <10% |
| 2012-03 | 7 | capital falling, reserve under noncurrent, deposits shrinking, assets shrinking |  |
| 2012-06 | 7 |  |  |
| 2012-09 | 5 |  | deposits shrinking, assets shrinking |
| 2012-12 | 3 |  | leverage <7%, capital falling |
| 2013-03 | 3 |  |  |
| 2013-06 | 4 | charge-offs p90 |  |
| 2013-09 | 1 |  | losing money, expense ratio p90, reserve under noncurrent |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 0 |  | charge-offs p90, capital falling |
| 2014-06 | 1 | liquid assets <10% |  |
| 2014-09 | 2 | capital falling |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 0 |  | liquid assets <10%, capital falling |
| 2015-06 | 0 |  |  |
| 2015-09 | 1 | capital falling |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 0 |  | capital falling |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 1 | capital falling |  |
| 2017-09 | 0 |  | capital falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 1 | capital falling |  |
| 2018-09 | 0 |  | capital falling |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |

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

- 2020-01-24 [St. Pete’s Freedom Bank sells to Seacoast - St Pete Catalyst](https://news.google.com/rss/articles/CBMidkFVX3lxTFBIY1NIZmxrLWJPRXA0RS1pelJ6VkpxWGIwaTduZ1VxR1c2clNLSVlPcUR1akYxYUdyM2NHRXp5U2FNd3FHTFRxQnlLbFcwbHAzUGcwQl9sbTUtZ3pzT2hNQzlidkxISHpjVXlqLXJ3Y21oZmNOZEE?oc=5) · St Pete Catalyst
- 2020-01-23 [Seacoast to acquire Freedom Bank of St. Petersburg in $64M deal - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOV0F1MTZRZDE2RlV1VTVqSVpYMi1fNnR1RzQ2cVFaQ0dfVTFkM09rdzNvSXo1U2dBSVBFdUdPbkJ2ZUgyMm1HMnozVWFZN3F3LXZwSHdjTzNMNHhfRzJQOGp4UXBsNTkwY1lTQWZOV1NYc0JWeDhKaEdkNWZXbURHQ1RzZjI1TXlYY3Jwd1JBdnJiY0ltajY4d2p1TzlrQUxQMndMRjdTalBhUGc?oc=5) · The Business Journals
- 2024-08-19 [Jimmy Patronis looks to counter ‘woke’ banks with state-chartered alternative - Florida Politics](https://news.google.com/rss/articles/CBMickFVX3lxTFAyRDRaQ0labGVoMWFEQmZ0YlJNQ01taHdWdDYxclUwNElEUXo1ejBsRWk4djZUVS11aW5mWFc0RzVGS0NSRHlMOFF0QXE4aFdBQmhFbmhUbGVGQTNqYWhSQVhqd1c2RFhvclJPN0E5TVl4UQ?oc=5) · Florida Politics
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2020-01-24 [Locally owned bank acquired for $63.6M - Business Observer](https://news.google.com/rss/articles/CBMinwFBVV95cUxQaC03TWJDbnMzZy1YWG4xeGtjYm1iN2hpQ0FraFlQN3pacFBqYTNBZGZrdWJvd1NpYXZQNUhqZHN4bGMzT1ZKRGxNTUtHRTRrTVVQU0tndGpNLXlNN09wcWZGVDdLbWxhTHo2S29oODdua2ZrVjhzRk5xZERlaElFUTRLTlFWXzhTQXU4OFRBVkhMLWdZNE15Z1JmUk1NY1U?oc=5) · Business Observer
- 2020-04-09 [Seacoast-Freedom Bank deal drops in value but still has big payouts - St Pete Catalyst](https://news.google.com/rss/articles/CBMikAFBVV95cUxOem1hcUtTd0haMDhxY0Nmd01IQXg4OHJwbV9hd19Ydi14ek1LSzJTQ0dzX3ZCelUyckRhcG1tSDVDN2lZTVRVTXJ1bTU3bnBnNzk1clNQMWtNd2NVLUlaS1FXb2YwcUFxUWZYWFlxMWtlYkYzVV9Hd2lXNkFkRWdfOThNZW9oQ0RqaGpNMnpLTHg?oc=5) · St Pete Catalyst
- 2024-04-06 [Seacoast Bank to build new office at existing headquarters on Colorado Avenue in Stuart - Treasure Coast News](https://news.google.com/rss/articles/CBMihgJBVV95cUxOaU9LcjkyQWQzVmRNR29VczRSTXlXN3hpWm4tOWlDMFAyYTRaakF0LWtGVk9EUUZXVUI5SFB1YnEtb2ZMSmVrNkFRYy1DNWlCMkxhakVCLWhuSUhaWHN5cXhEaXk4YVBPaFlXSFp0WXliVUMwWU9pbUFvTUJESDJCWG9vVDI0bGZtN2xIUl92OGpHckJkcDhPR1RZWVR1cmlRcGxHU2dsMUFTUGFZWk9wUk5CZXpmUm5SWVI0RkJTTl8xMjRrcGptVXEwSUZOMEhiV0c2Um5DbHBDTXBad3ZGMGUyckdPbzFZREM1WklsOThVQmZwOTVmT1lFSWRJb2FXcjVNamNn?oc=5) · Treasure Coast News
- 2008-04-30 [Troubled bank CEO resigns - Sarasota Herald-Tribune](https://news.google.com/rss/articles/CBMilAFBVV95cUxPZVZ1bVNpU2NtZ3dubWx0QkhMTEZ6RDhrOFg2RzE5Q3J1NURQd1IycU01YnM4blp1UTNpNXpwZkZ0QlNUQm4yUkJheVRGSzR3N29ORmlIaWtGaGRMelY5X1ZMWno1RDNpTXpSUktROW9BLThBQXdJd1V1NWgzT2tfaW8zdTVPOEg2RWtJaWpPaFF5dnQ4?oc=5) · Sarasota Herald-Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57945 (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/25.json (key "57945", 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