$22.8M
total assets, March 31, 2014
The Freedom State Bank was a state nonmember bank in Freedom, OK. It failed on Jun 27, 2014, and Alva State Bank & Trust Company took over its deposits. At its last report it held $22.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2014
This bank failed
- Failed on
- Jun 27, 2014
- Assets
- $22.8M
- Deposits
- $20.9M
- Estimated cost
- $3.7M
- Deposits went to
- Alva State Bank & Trust Company, Alva, OK
Total assets
$22.8M
+2.0% in a year · +3.9% in a quarter
Deposits
$20.9M
+1.8% in a year · +4.2% in a quarter
Loans
$11.4M
+18.1% in a year · -1.0% in a quarter
Profit so far
$34K
Jan 1 to Mar 31, 2014 · +54.5% in a year
Capital ratio
8.38%
+0.21 pts in a year
Return on assets
0.61%
+0.22 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1085 Main St, Freedom, OK, 73842
- County
- Woods
- Established
- Jan 1, 1919
- Failed
- Jun 27, 2014
- Employees
- 5
- Branches
- 1
- Id
- b12483
Quarter by quarter
March 31, 1984 to March 31, 2014
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is The Freedom State Bank?
$22.8 million in total assets and $20.9 million in deposits as of March 31, 2014, with assets up 2.0% from a year before. Its loans were $11.4 million.
How many branches does The Freedom State Bank have?
1 branch in Oklahoma as of June 30, 2026.
Is The Freedom State Bank profitable?
Yes: it earned $34,000 from January 1 to March 31, 2014 (up 54.5% from the same months a year before). Its return on assets was 0.61% a year; about 1% is typical.
When did The Freedom State Bank fail?
Jun 27, 2014. Alva State Bank & Trust Company of Alva, OK took over its deposits. The estimated cost of the failure was $3.73 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.