Call reports 2023
FREEDOM BANK — 2023
What FREEDOM BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 556,567,000 | 588,824,000 | 580,539,000 | 587,427,000 |
| Total loans | 463,430,000 | 467,478,000 | 469,735,000 | 475,233,000 |
| Allowance for loan losses | 8,150,000 | 8,097,000 | 8,095,000 | 8,075,000 |
| Securities available for sale | 62,250,000 | 61,554,000 | 55,390,000 | 55,640,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 469,408,000 | 477,887,000 | 470,606,000 | 471,928,000 |
| Interest-bearing deposits | 350,466,000 | 361,565,000 | 358,369,000 | 362,289,000 |
| Noninterest-bearing deposits | 118,942,000 | 116,322,000 | 112,237,000 | 109,639,000 |
| Equity capital | 53,877,000 | 54,140,000 | 53,716,000 | 56,423,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 5,494,000 | 11,303,000 | 17,328,000 | 23,548,000 |
| Interest expense | 1,933,000 | 4,181,000 | 6,743,000 | 9,612,000 |
| Net interest income | 3,561,000 | 7,122,000 | 10,585,000 | 13,936,000 |
| Noninterest income | 708,000 | 1,291,000 | 2,055,000 | 2,723,000 |
| Noninterest expense | 2,121,000 | 4,273,000 | 6,278,000 | 8,430,000 |
| Provision for loan losses | 34,000 | -13,000 | -13,000 | -13,000 |
| Pretax income | 2,114,000 | 4,153,000 | 6,375,000 | 8,239,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,114,000 | 4,153,000 | 6,375,000 | 8,239,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,139,000 | 61,967,000 | 63,138,000 | 63,954,000 |
| Total capital | 66,722,000 | 67,658,000 | 68,840,000 | 69,836,000 |
| Risk-weighted assets | 444,123,000 | 452,940,000 | 453,804,000 | 468,440,000 |