This institution is no longer active

Operations ceased on June 27, 2014. CRA examination history below reflects the period it was active.

THE FREEDOM STATE BANK

FREEDOM, OK · Supervised by FDIC

Est. 1919FDIC #12,483RSSD: FDIC-12483

Satisfactory Same

Current rating · Exam: November 2013

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.61%

Is this bank safe?

THE FREEDOM STATE BANK holds a Satisfactory CRA rating (2013), meets basic financial requirements (ROA +0.61%).

Institution Profile

FDIC BankFind

Address

1085 Main St, FREEDOM, OK

County

Woods County

Established

January 1, 1919

Total Assets

$23M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

November 1, 2013

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 12 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2014Call Report / FDIC

Total Assets

$23M

Total Deposits

$21M

Net Loans

$11M

Net Income

$34K

ROA

0.61%

Above avg for Small banks. Peer avg: 0.44%

ROE

7.04%

Risk-Based Capital

13.08%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.61%Peer avg: 0.44%▲ Above avg

Risk-Based Capital13.08%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate28.05%Peer avg: 6.90%▲ More than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	631	71.95%	28.05%
2023	771	74.71%	25.29%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Nov 2013	Satisfactory	Small Bank
Aug 2008	Satisfactory	Small Bank
Jul 2003	Satisfactory	Small Bank

4 previous ratings locked — back to 1991

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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