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 | 456,122,000 | 496,405,000 | 500,464,000 | 507,772,000 |
| Total loans | 398,894,000 | 411,572,000 | 421,426,000 | 423,222,000 |
| Allowance for loan losses | 7,117,000 | 7,217,000 | 7,348,000 | 6,966,000 |
| Securities available for sale | 9,308,000 | 18,331,000 | 24,051,000 | 24,715,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 404,194,000 | 441,380,000 | 443,873,000 | 450,227,000 |
| Interest-bearing deposits | 323,201,000 | 343,005,000 | 345,932,000 | 349,490,000 |
| Noninterest-bearing deposits | 80,993,000 | 98,375,000 | 97,941,000 | 100,737,000 |
| Equity capital | 47,984,000 | 51,136,000 | 52,557,000 | 53,556,000 |
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 | 4,705,000 | 9,254,000 | 13,606,000 | 17,990,000 |
| Interest expense | 1,110,000 | 1,950,000 | 2,652,000 | 3,303,000 |
| Net interest income | 3,595,000 | 7,304,000 | 10,954,000 | 14,687,000 |
| Noninterest income | 602,000 | 2,563,000 | 3,556,000 | 4,348,000 |
| Noninterest expense | 1,814,000 | 3,733,000 | 5,702,000 | 7,684,000 |
| Provision for loan losses | 75,000 | 225,000 | 375,000 | 950,000 |
| Pretax income | 2,308,000 | 5,909,000 | 8,433,000 | 10,401,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,308,000 | 5,909,000 | 8,433,000 | 10,401,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,063,000 | 50,721,000 | 51,905,000 | 52,950,000 |
| Total capital | 53,092,000 | 55,950,000 | 57,267,000 | 58,224,000 |
| Risk-weighted assets | 400,249,000 | 416,373,000 | 427,007,000 | 420,245,000 |