Bank · FDIC insured
FreedomBank
A $433.9M bank headquartered in Elkader, IA, with 4 branches in Iowa. Best rates: CDs 4.30% and savings 0.10% APY.
FreedomBank Carrot Score
68
Carrot Score
Higher than 22% of U.S. banks and credit unions
#109 of 142 in IowaHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About FreedomBank
- Headquarters
- 210 S Main St, Elkader, IA 52043
- FDIC certificate
- 11767 ↗
Branches
4 branches in Iowa
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Iowa
4 branches
Elkader area · 1
- FreedomBankMain office210 S Main St, Elkader, IA 52043Directions
Monona area · 1
- Monona Office Branch106 S Main St, Monona, IA 52159Directions
Postville area · 1
- Postville Office Branch135 W Tilden St, Postville, IA 52162Directions
Waukon area · 1
- Waukon Branch201 W Main St, Waukon, IA 52172Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.70% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.26% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.22% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $91 | $81 | — |
- CapitalLeverage ratio10.70%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.26%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.22%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$91Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of FreedomBank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.