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Freedom Bank

Huntingburg, IN · Cert 35221 · Freedom Bcorp

State charter, non-member · FDIC · 4 branches

Q2 2026

$585.7MAssets
$502.6MLoans
$505.7MDeposits
$69.0MEquity
Loan mix
93%RE $434.2M4%C&I $18.3M4%Consumer $16.4MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $394.6M22%Noninterest $111.1MQ2 2025Q2 2026

NIM

4.77%Q2 ’245.06%Q2 ’255.33%Q2 ’26+21%+18%

Non-interest income vs. expense

1.57%Q2 ’241.64%Q2 ’251.66%Q2 ’26+2%+10%

Executive Summary

  • Earnings: ROA of 1.78%, up 8 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.23% of loans (+2 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.62%, up 26 bps from a year ago.
  • Funding: loans stand at 99.38% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.78%+8 bps YoY

Net Interest Margin (quarter, annualized)

3.53%+55 bps YoY

Efficiency Ratio (quarter, annualized)

41.98%-488 bps YoY

Tier 1 Leverage Ratio

12.62%+26 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.70%1.56%1.52%1.76%1.78%+8 bps
Return on Equity15.15%13.63%13.18%15.16%15.21%+7 bps
Net Interest Margin2.98%3.13%3.23%3.41%3.53%+55 bps
Efficiency Ratio46.86%45.36%45.67%43.89%41.98%-488 bps
Non-Interest Burden1.12%1.16%1.23%1.26%1.23%+11 bps
Growth
Asset Growth (YoY)-1.64%2.42%1.63%2.57%3.92%+556 bps
Loan Growth (YoY)3.52%2.64%2.31%3.08%2.36%-116 bps
Deposit Growth (YoY)0.73%2.52%1.21%2.28%3.98%+325 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.19%0.18%0.18%0.23%+2 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.00%0.01%0 bps
Allowance / Loans1.50%1.49%1.48%1.45%1.46%-4 bps
Allowance Coverage of NPLs7.2x8.0x8.1x8.3x6.3x-0.9x
Capital
Tier 1 Leverage Ratio12.36%12.40%12.37%12.67%12.62%+26 bps
Total Risk-Based Capital14.93%15.03%15.03%15.03%15.39%+46 bps
Equity / Assets11.40%11.49%11.58%11.68%11.78%+37 bps
Liquidity & Funding
Loans / Deposits100.95%99.27%101.72%99.56%99.38%-157 bps
Liquid Assets / Assets0.74%1.96%1.15%3.36%4.29%+356 bps
CRE / Total Capitaln/a187.27%187.91%193.79%n/an/a