Freedom Bank
FDIC #58010
📍 Columbia Falls, Montana
Freedom Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in April 12, 2005. With assets of $142.21 Million, it operates 1 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: December 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
December 1, 2024
Satisfactory
April 1, 2019
Outstanding
February 1, 2013
Satisfactory
💰 Financial Strength
Total Assets$142.21 Million
Total Deposits$127.30 Million
Equity Capital$14.33 Million
Net Income$2.10 Million
📈 Performance
ROA2.01%
ROE19.83%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedApril 12, 2005
FDIC Cert58010
Holding CoFreedom Bcorp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 5:00 PM
Tuesday8:00 AM - 5:00 PM
Wednesday8:00 AM - 5:00 PM
Thursday8:00 AM - 5:00 PM
Friday8:00 AM - 5:00 PM
Saturday9:00 AM - 1:00 PM
SundayClosed
📜 Institutional History
2006
Relocation
Moved HQ to: 530 9th Street West, Columbia Falls, MT 59912.