# FIRST FREEDOM BANK
LEBANON, TN · FDIC certificate 58208 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (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 | $817.8M | |
| Deposits | $710.0M | |
| Loans and leases | $687.7M | |
| Total equity | $99.6M | |
| Loans / deposits | 95.78% (p83 of band) | 82.04% |
| Liquid assets / assets | 11.64% (p8 of band) | |
| Uninsured deposits / deposits | 25.01% (p46 of band) | 25.97% |
| Brokered deposits | 9.38% | |
| Wholesale funding | 9.38% (p75 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 12.45% (p73 of band) | 10.81% |
| Unrealized securities loss / equity | -6.10% (p57 of band) | -8.10% |
| AOCI / equity | -0.14% (p64 of band) | |
| ROA (annualized) | 1.99% (p86 of band) | 1.28% |
| Net interest margin | 4.18% (p66 of band) | 3.91% |
| Efficiency ratio | 42.20% (p7 of band) | |
| Noncurrent loans | 0.01% (p11 of band) | 0.43% |
| Net charge-offs (annualized) | 0.11% (p85 of band) | |
| Reserve coverage of noncurrent | 11935.94% | |
| Real estate % of loans | 76% | |
| Construction % of loans | 105.22% (p88 of band) | |
| Auto loans | $1.3M (0.19% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $15.9M (16% of equity) (p98 of band) | |
| Deposits YoY | 6.0% | |
| Employees | 71 | |

## Flags firing in the latest filing

- **construction >100% equity** (`conc_construction`)

## Warning timeline

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

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

- 2021-02-22 [First Freedom Bank (TN) Review | Review, Fees, Offerings - SmartAsset](https://news.google.com/rss/articles/CBMihgFBVV95cUxQZV80SjB2NkZfYXJaQVdDUXRhNmhaejRIMUdGeXhjOXIzUkV0cmcxX2duTFlERENHWENiYlZacHMxSzRKLTBfSTZzYVRyb3p6YUFYT3FMWENfa2M0ZDV0ZTV1QVlQSlJ5UWJMV3RLSVVWbExLMmxCOWxMcnN5Y2hta2cxSndrQQ?oc=5) · SmartAsset
- 2017-10-13 [First Freedom promotes Carnes - mainstreetmediatn.com](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNYUp4dmhSSEhBbWRTLVI4M0RNbzVVTWx6T2hfWUxhSGd3Y1RRWDE0Q0hPSk8wY0Frb0JXUmZtQ3ctclNDUjN6eTVaY3VZa1Rwdi11VXI5QjJkdDcwaFZjZUZzVDZUcnl1dzM0MnRNMUVXLXJwNS1pNVVIdzhDZWI4aEtSdHE2bTNsSURn?oc=5) · mainstreetmediatn.com
- 2016-04-15 [The Boss: John Lancaster, First Freedom Bank - The Business Journals](https://news.google.com/rss/articles/CBMirwFBVV95cUxNdjR0cXhZc0JVdk9aeXQtMmxVUEI1Z1FVR0ZFMFBvY2VHZmpGREtabGJ3Y0FuY1pBM0NOVnhjNmNybzhXSkwxTllYQXBpUXhqSTJMMVRXZHd1ZDF1ZFV5LUtRakk0VjFMLWpPVG5kby1lVnBiY2k0LWhFdFlpVHdlOUxja3k5bVZWcndrS29Ka1h3YkZvSkRyaGhPdGJqUnFhNjBDWHZHUzJselZ4dW40?oc=5) · The Business Journals
- 2023-03-02 [Owens promoted to executive VP at First Freedom - mainstreetmediatn.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxNUWlPWElDV0VjMDEyV29OS240Nkx3RFpLMmtKYk5tMmZ4OGw0OTcyelN0Wnp6Ml8xSTZxTTcwaTdFQ0doYjhSSFR5LWV5U2luUFljRXh6Q2t2WVdkOXRnamxCNkJTSXdkZmpmNElpTGdNVjlqSXVRbHRYOFpwRlhvMWhvQ1AyRlQwck5NZVR6WXlHeUFGMDFuMV9nS2NYR3NESnJZ?oc=5) · mainstreetmediatn.com
- 2023-10-31 [Tennessee newlyweds hold reception at Waffle House - WSMV](https://news.google.com/rss/articles/CBMihwFBVV95cUxQcFNLcG5yR016SEdiUEJoNGJxTWp2S0VTLTJ2UWp0LXhSckhTQkoxR1VndXkyU0JmbnBJUVNBVVAySG45MXRxUlYxN2xwT1BYZ0hSUFVUM2pLY1ZrREIyaGJFdDh2dmtsdXdweHdaR05remVFeW9peC10cmFadGhpM3UwaTExUGvSAZsBQVVfeXFMTWdoS1pzWWx0OGFVZHVwWjRyM0xBWHQ3ZnRqa1h2X3B4Wm5yX0VSWTZmWVRwQnphd1g1QjVWemVaWEE5eG5rd3pvYngyOWgzNy04SzQzSXc3YVh0NU96bE5ZOG1uN2NscXRNcTMxUWVHR2FMWkdGZlo2TFAyQ3Z2U0d2T2FfZ0g2Ylo2UjNxOVhVV3NUTXhFck5pNDA?oc=5) · WSMV
- 2024-02-19 [Should Lebanon pay $1.5M for mysterious 'Central Perk' sit-down restaurant? - The Tennessean](https://news.google.com/rss/articles/CBMi7gFBVV95cUxOMXUwVXRCTGg2a3NpQjZCVWtYMVFONngzTG5WVE5NazhMejdwMHNuaFZjUURGV3BmVVNfSGVNRXMtakcxaEVLU00wUXpodW85cGhmb09pM0dpLWIwNDYzVWVNbUdBRHpHRzBYN2xpZFFjeXRURTQzLUtaUnBBc2tlV1pSVUZJREp2TnhZXzB6aDgzNk81VC1hdGRhWWk3S2tBTGxibldqZG0xUzcwc243ZjF3UjlwQVV6bmpHOUp1N3E3QmJzMURNQjluQXBhOWk5TU5ycjhvTVNXYUxwaHVlOEU3WDkwTHZqQkhPcUpB?oc=5) · The Tennessean
- 2024-06-25 [John W. Rose Net Worth - Quiver Quantitative](https://news.google.com/rss/articles/CBMikwFBVV95cUxOLUo3aUdRQU9NZDJCSnF2WHRyU2Ytc1pLLV9WYkppakh6aGtwaTVmY0dLemk5SWRnTWZ5UVM2aEEwX2pLUkhOdm5ibzdtRUlFX2lhYlVrOUg1b0ZHdFdxeFktVU9pOXJyS0FyS3AtdGgwN1R4QlhJb2RXR0l3Z0VJYzU3VVR1QkE1UUpaa0NMQXA5N00?oc=5) · Quiver Quantitative
- 2016-01-04 [Past winners of the NBJ's Women of Influence awards - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxOUXF6TXFhcDdmSjZVb1cxdWd5U2xhZi0xMXZ1eDc0SXl4bHlzaUxSbktBZ0dkblFPMmRSdXliUUJDRFp0XzZELTh0dDBoTm12YkFrY240SWdIMVAyZTF4U2pSNXZFS05RRkFnV0VXZVdITEtfbnlPYzM1VFBPZVdSUUhYaTA0OW40T3BVQTM3N3U0Y0N4dE42TU5CZmdtLWhsdldCRERpYw?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58208 (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/32.json (key "58208", 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