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Freedom Bank, Inc.

Philippi, WV · Cert 15664 · Freedom Bancshares Inc.

State charter, non-member · FDIC · 9 branches

Q2 2026

$429.7MAssets
$313.0MLoans
$380.4MDeposits
$46.2MEquity
Loan mix
90%RE $261.2M6%C&I $16.6M4%Consumer $11.7MQ3 2024Q2 2026
Deposit mix
70%Interest-bearing $267.4M30%Noninterest $113.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.48%, up 44 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.36% of loans (+2 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 11.40%, down 55 bps from a year ago.
  • Funding: loans stand at 82.27% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.48%+44 bps YoY

Net Interest Margin (YTD, annualized)

4.37%+69 bps YoY

Efficiency Ratio (YTD, annualized)

59.21%-933 bps YoY

Tier 1 Leverage Ratio

11.40%-55 bps YoY

NIM

4.10%Q2 ’244.32%Q2 ’255.61%Q2 ’26+9%+19%

Non-interest income vs. expense

2.90%Q2 ’243.00%Q2 ’253.13%Q2 ’26+2%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.91%0.98%1.00%1.04%1.04%2.03%1.31%1.48%+44 bps
Return on Equity10.85%11.50%11.22%11.56%11.27%21.08%12.37%13.85%+230 bps
Net Interest Margin3.43%3.56%3.56%3.68%3.68%2.44%4.36%4.37%+69 bps
Efficiency Ratio71.93%69.88%68.93%68.53%68.61%53.15%61.48%59.21%-933 bps
Non-Interest Burden2.27%2.27%2.23%2.30%2.31%0.73%2.62%2.44%+14 bps
Growth
Asset Growth (YoY)2.77%-0.70%2.15%-3.42%-1.39%108.61%101.41%108.67%+11,210 bps
Loan Growth (YoY)-5.74%-5.36%-5.88%-6.43%-7.48%124.69%129.77%148.17%+15,460 bps
Deposit Growth (YoY)0.63%2.49%5.32%-1.94%0.57%105.74%98.49%106.20%+10,814 bps
Asset Quality
Nonperforming Loans / Loans0.88%0.52%1.00%0.33%0.28%0.28%0.32%0.36%+2 bps
Net Charge-Offs / Loans0.12%0.26%-0.02%-0.02%0.15%0.05%0.01%0.02%+3 bps
Allowance / Loans1.34%1.28%1.35%1.44%1.40%0.91%0.95%0.97%-47 bps
Allowance Coverage of NPLs1.5x2.5x1.3x4.3x5.0x3.2x3.0x2.7x-1.6x
Capital
Tier 1 Leverage Ratio10.73%11.31%11.68%11.95%12.11%11.17%11.37%11.40%-55 bps
Total Risk-Based Capital10.73%11.31%11.68%11.95%12.11%11.17%11.37%11.40%-55 bps
Equity / Assets8.80%8.90%9.00%9.07%9.81%10.50%10.74%10.75%+168 bps
Liquidity & Funding
Loans / Deposits72.52%72.36%69.42%68.36%66.71%79.03%80.36%82.27%+1,391 bps
Liquid Assets / Assets9.41%7.93%11.24%12.71%14.17%4.44%3.20%2.30%-1,041 bps
CRE / Total Capitaln/an/an/an/a118.87%278%283%n/an/a