Call reports 2020
FREEDOM BANK — 2020
What FREEDOM BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 177,168,000 | 190,018,000 | 187,805,000 | 193,570,000 |
| Total loans | 136,823,000 | 152,733,000 | 152,732,000 | 143,850,000 |
| Allowance for loan losses | 1,154,000 | 1,156,000 | 1,157,000 | 1,236,000 |
| Securities available for sale | 12,071,000 | 10,473,000 | 11,243,000 | 10,849,000 |
| Securities held to maturity | 10,818,000 | 8,802,000 | 9,971,000 | 12,470,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,136,000 | 135,155,000 | 130,949,000 | 140,223,000 |
| Interest-bearing deposits | 82,666,000 | 77,388,000 | 74,442,000 | 81,484,000 |
| Noninterest-bearing deposits | 44,470,000 | 57,767,000 | 56,507,000 | 58,739,000 |
| Equity capital | 21,423,000 | 21,877,000 | 22,417,000 | 22,381,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,825,000 | 3,824,000 | 5,909,000 | 7,591,000 |
| Interest expense | 396,000 | 707,000 | 999,000 | 1,276,000 |
| Net interest income | 1,429,000 | 3,117,000 | 4,910,000 | 6,315,000 |
| Noninterest income | 139,000 | 248,000 | 371,000 | 486,000 |
| Noninterest expense | 1,245,000 | 2,474,000 | 3,657,000 | 5,046,000 |
| Provision for loan losses | 30,000 | 30,000 | 30,000 | 105,000 |
| Pretax income | 293,000 | 861,000 | 1,594,000 | 1,650,000 |
| Income tax | 67,000 | 201,000 | 375,000 | 386,000 |
| Net income | 226,000 | 660,000 | 1,219,000 | 1,264,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,485,000 | 21,883,000 | 22,404,000 | 22,362,000 |
| Total capital | 22,639,000 | 23,039,000 | 23,561,000 | 23,598,000 |
| Risk-weighted assets | 169,847,000 | 170,705,000 | 164,559,000 | 169,980,000 |