Freedom Financial Bank: how it compares with its peers
Against 121 IA banks with half to twice its assets, Freedom Financial Bank's strongest measure in Q2 2026 is assets per employee ($15.0M vs. a $8.6M peer median). Its weakest relative measure is net interest margin (3.08% vs. 3.64%).
| Measure | Freedom Financial Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.33% | 1.41% | Middle third Ahead of 48% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.08% | 3.64% | Bottom third Ahead of 18% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 52.38% | 55.02% | Middle third Ahead of 61% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $15.0M | $8.6M | Top third Ahead of 97% of peers |
| Loans to deposits Net loans and leases over total deposits. | 107.75% | 80.41% | Context |
What it means for lending operations
Its efficiency ratio of 52.38% is better than the 55.02% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Westside State Bank Westside, IA · $269M
- Mediapolis Savings Bank Mediapolis, IA · $270M
- Cherokee State Bank Cherokee, IA · $271M
- Farmers and Merchants State Bank Winterset, IA · $272M
- Security Trust & Savings Bank Storm Lake, IA · $266M
- FNB Bank Fontanelle, IA · $275M
Questions about Freedom Financial Bank
How big is Freedom Financial Bank?
Freedom Financial Bank, established in 1999, is headquartered in West Des Moines, IA. It reported $269M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Freedom Financial Bank's return on assets?
1.33% annualized in Q2 2026, against a 1.41% median for 121 IA banks with half to twice its assets, ahead of 48% of them.
What is Freedom Financial Bank's efficiency ratio?
52.38% in Q2 2026: it spent about 52 cents in noninterest expense for each dollar of revenue. The peer median is 55.02%, and lower is better.
Is Freedom Financial Bank growing its loans?
Net loans grew 1.3% over the year to Q2 2026, while deposits grew 3.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are IA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Iowa bank ranked.