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Freedombank

Elkader, IA · Cert 11767 · Freedombank Shares Employee STK Ownership Plan

State charter, non-member · FDIC · 4 branches

Q2 2026

$433.9MAssets
$334.6MLoans
$367.9MDeposits
$48.9MEquity
Loan mix
81%RE $213.5M16%C&I $41.6M3%Consumer $7.3MQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $284.3M23%Noninterest $83.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.99%, up 17 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.26% of loans (-61 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.70%, up 63 bps from a year ago.
  • Funding: loans stand at 90.94% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.99%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.39%+52 bps YoY

Efficiency Ratio (YTD, annualized)

60.94%-462 bps YoY

Tier 1 Leverage Ratio

10.70%+63 bps YoY

NIM

4.54%Q2 ’244.67%Q2 ’255.02%Q2 ’26+7%+18%

Non-interest income vs. expense

2.07%Q2 ’242.01%Q2 ’252.09%Q2 ’26-2%+13%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.60%0.66%0.81%0.82%0.86%0.95%1.08%0.99%+17 bps
Return on Equity6.41%7.04%8.58%8.41%8.60%9.46%10.09%9.12%+71 bps
Net Interest Margin2.76%2.73%2.90%2.87%3.02%3.08%3.40%3.39%+52 bps
Efficiency Ratio71.96%70.24%65.60%65.56%64.58%61.51%58.56%60.94%-462 bps
Non-Interest Burden1.87%1.79%1.75%1.73%1.79%1.73%1.83%1.95%+22 bps
Growth
Asset Growth (YoY)0.95%1.49%0.02%1.52%2.05%0.85%-2.48%-0.44%-196 bps
Loan Growth (YoY)-0.74%-2.30%0.60%2.23%6.47%6.67%5.57%6.13%+390 bps
Deposit Growth (YoY)1.47%4.73%0.27%2.07%0.92%-0.19%-3.61%-1.34%-341 bps
Asset Quality
Nonperforming Loans / Loans0.25%0.07%0.92%0.87%0.51%0.50%0.52%0.26%-61 bps
Net Charge-Offs / Loans-0.01%-0.01%0.01%0.00%0.01%0.01%0.00%0.02%+1 bps
Allowance / Loans1.15%1.14%1.11%1.11%1.09%1.10%1.10%1.11%+1 bps
Allowance Coverage of NPLs4.6x15.8x1.2x1.3x2.1x2.2x2.1x4.3x+3.0x
Capital
Tier 1 Leverage Ratio10.32%9.86%9.99%10.08%10.22%10.00%10.33%10.70%+63 bps
Total Risk-Based Capital15.17%14.79%9.99%14.43%14.64%14.40%15.21%15.32%+89 bps
Equity / Assets10.20%9.30%9.60%10.42%10.55%10.51%10.81%11.27%+86 bps
Liquidity & Funding
Loans / Deposits83.26%81.06%80.64%84.54%87.84%86.62%88.32%90.94%+640 bps
Liquid Assets / Assets0.04%0.11%0.07%0.04%0.17%0.14%0.09%0.09%+5 bps
CRE / Total Capitaln/an/an/an/a150.12%154.81%138.97%n/an/a