Call reports 2020
AMERICAN BANK OF FREEDOM — 2020
What AMERICAN BANK OF FREEDOM 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 | 426,738,000 | 460,205,000 | 477,330,000 | 482,490,000 |
| Total loans | 349,960,000 | 401,729,000 | 408,638,000 | 421,033,000 |
| Allowance for loan losses | 3,534,000 | 4,500,000 | 4,503,000 | 5,105,000 |
| Securities available for sale | 23,754,000 | 23,002,000 | 21,506,000 | 21,582,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 312,306,000 | 334,377,000 | 351,482,000 | 371,556,000 |
| Interest-bearing deposits | 286,448,000 | 288,752,000 | 312,640,000 | 332,693,000 |
| Noninterest-bearing deposits | 25,858,000 | 45,625,000 | 38,842,000 | 38,863,000 |
| Equity capital | 44,829,000 | 45,523,000 | 47,164,000 | 48,397,000 |
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 | 5,129,000 | 10,373,000 | 15,781,000 | 21,210,000 |
| Interest expense | 1,678,000 | 3,198,000 | 4,576,000 | 5,805,000 |
| Net interest income | 3,451,000 | 7,175,000 | 11,205,000 | 15,405,000 |
| Noninterest income | 591,000 | 1,220,000 | 2,164,000 | 2,887,000 |
| Noninterest expense | 2,797,000 | 5,317,000 | 8,260,000 | 11,259,000 |
| Provision for loan losses | 266,000 | 1,394,000 | 1,394,000 | 2,072,000 |
| Pretax income | 979,000 | 1,684,000 | 3,715,000 | 4,961,000 |
| Income tax | 231,000 | 418,000 | 903,000 | 1,090,000 |
| Net income | 748,000 | 1,266,000 | 2,812,000 | 3,871,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,342,000 | 41,860,000 | 43,349,000 | 44,409,000 |
| Total capital | 44,876,000 | 46,360,000 | 47,852,000 | 49,514,000 |
| Risk-weighted assets | 336,092,000 | 381,556,000 | 396,492,000 | 414,860,000 |