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 | 538,514,000 | 537,622,000 | 539,455,000 | 548,497,000 |
| Total loans | 420,347,000 | 410,451,000 | 411,125,000 | 425,407,000 |
| Allowance for loan losses | 7,090,000 | 7,243,000 | 7,387,000 | 7,530,000 |
| Securities available for sale | 29,181,000 | 39,458,000 | 48,825,000 | 54,615,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 479,184,000 | 477,054,000 | 477,267,000 | 486,289,000 |
| Interest-bearing deposits | 359,811,000 | 368,485,000 | 364,103,000 | 372,633,000 |
| Noninterest-bearing deposits | 119,373,000 | 108,569,000 | 113,164,000 | 113,656,000 |
| Equity capital | 55,173,000 | 56,430,000 | 57,960,000 | 58,385,000 |
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 | 4,199,000 | 8,276,000 | 12,412,000 | 16,589,000 |
| Interest expense | 571,000 | 1,128,000 | 1,642,000 | 2,058,000 |
| Net interest income | 3,628,000 | 7,148,000 | 10,770,000 | 14,531,000 |
| Noninterest income | 1,649,000 | 2,950,000 | 4,366,000 | 5,444,000 |
| Noninterest expense | 1,918,000 | 4,093,000 | 6,149,000 | 8,116,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 3,209,000 | 5,705,000 | 8,537,000 | 11,259,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 3,209,000 | 5,705,000 | 8,537,000 | 11,259,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,258,000 | 55,988,000 | 57,267,000 | 58,176,000 |
| Total capital | 60,606,000 | 61,257,000 | 62,552,000 | 63,585,000 |
| Risk-weighted assets | 426,113,000 | 419,588,000 | 420,768,000 | 430,670,000 |