Call reports 2024
FREEDOM BANK — 2024
What FREEDOM BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 583,037,000 | 573,089,000 | 560,870,000 | 569,543,000 |
| Total loans | 468,881,000 | 474,297,000 | 481,058,000 | 492,792,000 |
| Allowance for loan losses | 8,017,000 | 8,025,000 | 8,122,000 | 8,344,000 |
| Securities available for sale | 55,141,000 | 54,409,000 | 55,829,000 | 53,285,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 478,128,000 | 482,843,000 | 485,163,000 | 489,689,000 |
| Interest-bearing deposits | 366,764,000 | 371,703,000 | 378,560,000 | 380,103,000 |
| Noninterest-bearing deposits | 111,364,000 | 111,140,000 | 106,603,000 | 109,586,000 |
| Equity capital | 57,277,000 | 58,556,000 | 61,178,000 | 61,786,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 6,625,000 | 13,388,000 | 20,416,000 | 27,729,000 |
| Interest expense | 3,178,000 | 6,443,000 | 9,793,000 | 13,018,000 |
| Net interest income | 3,447,000 | 6,945,000 | 10,623,000 | 14,711,000 |
| Noninterest income | 636,000 | 1,299,000 | 1,926,000 | 2,627,000 |
| Noninterest expense | 2,174,000 | 4,394,000 | 6,625,000 | 8,848,000 |
| Provision for loan losses | -52,000 | -38,000 | 64,000 | -550,000 |
| Pretax income | 1,961,000 | 3,777,000 | 5,738,000 | 8,920,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,961,000 | 3,777,000 | 5,738,000 | 8,920,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,134,000 | 65,983,000 | 66,870,000 | 68,838,000 |
| Total capital | 70,799,000 | 72,048,000 | 73,232,000 | 75,226,000 |
| Risk-weighted assets | 450,877,000 | 483,132,000 | 507,132,000 | 508,970,000 |