Call reports 2021
FREEDOM BANK — 2021
What FREEDOM BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 201,891,000 | 218,765,000 | 218,532,000 | 233,289,000 |
| Total loans | 147,223,000 | 135,996,000 | 128,378,000 | 127,209,000 |
| Allowance for loan losses | 1,238,000 | 1,239,000 | 1,116,000 | 1,117,000 |
| Securities available for sale | 10,287,000 | 8,954,000 | 8,169,000 | 7,446,000 |
| Securities held to maturity | 12,917,000 | 19,496,000 | 21,212,000 | 23,255,000 |
| Trading assets | 0 | 0 | 4,989,000 | 5,036,000 |
| Total deposits | 150,866,000 | 166,045,000 | 164,896,000 | 176,990,000 |
| Interest-bearing deposits | 84,540,000 | 78,974,000 | 76,206,000 | 106,486,000 |
| Noninterest-bearing deposits | 66,326,000 | 87,071,000 | 88,690,000 | 70,504,000 |
| Equity capital | 20,641,000 | 20,900,000 | 21,371,000 | 21,789,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,676,000 | 3,391,000 | 5,184,000 | 6,895,000 |
| Interest expense | 235,000 | 454,000 | 645,000 | 822,000 |
| Net interest income | 1,441,000 | 2,937,000 | 4,539,000 | 6,073,000 |
| Noninterest income | 123,000 | 245,000 | 344,000 | 495,000 |
| Noninterest expense | 1,288,000 | 2,574,000 | 3,779,000 | 4,923,000 |
| Provision for loan losses | 0 | 0 | -125,000 | -125,000 |
| Pretax income | 276,000 | 608,000 | 1,229,000 | 1,770,000 |
| Income tax | 64,000 | 141,000 | 287,000 | 411,000 |
| Net income | 212,000 | 467,000 | 942,000 | 1,359,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,624,000 | 20,879,000 | 21,354,000 | 21,771,000 |
| Total capital | 21,862,000 | 22,118,000 | 22,470,000 | 22,888,000 |
| Risk-weighted assets | 171,138,000 | 168,982,000 | 163,594,000 | 166,629,000 |