Call reports 2023
AMERICAN BANK OF FREEDOM — 2023
What AMERICAN BANK OF FREEDOM 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 | 737,084,000 | 779,764,000 | 798,624,000 | 880,850,000 |
| Total loans | 619,211,000 | 638,048,000 | 669,970,000 | 702,451,000 |
| Allowance for loan losses | 8,294,000 | 8,469,000 | 8,398,000 | 8,371,000 |
| Securities available for sale | 63,018,000 | 61,857,000 | 60,720,000 | 62,598,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 559,678,000 | 569,387,000 | 586,688,000 | 647,301,000 |
| Interest-bearing deposits | 495,350,000 | 505,656,000 | 523,245,000 | 582,869,000 |
| Noninterest-bearing deposits | 64,328,000 | 63,731,000 | 63,443,000 | 64,432,000 |
| Equity capital | 83,445,000 | 85,112,000 | 85,687,000 | 87,622,000 |
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 | 9,437,000 | 19,770,000 | 31,532,000 | 44,425,000 |
| Interest expense | 3,619,000 | 8,114,000 | 13,608,000 | 19,886,000 |
| Net interest income | 5,818,000 | 11,656,000 | 17,924,000 | 24,539,000 |
| Noninterest income | 371,000 | 861,000 | 1,375,000 | 1,744,000 |
| Noninterest expense | 4,216,000 | 8,662,000 | 13,551,000 | 18,433,000 |
| Provision for loan losses | 55,000 | 229,000 | 403,000 | 370,000 |
| Pretax income | 1,918,000 | 3,626,000 | 5,345,000 | 7,231,000 |
| Income tax | 450,000 | 871,000 | 1,184,000 | 1,650,000 |
| Net income | 1,468,000 | 2,755,000 | 4,161,000 | 5,581,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 81,594,000 | 82,918,000 | 84,360,000 | 85,817,000 |
| Total capital | 89,869,000 | 91,387,000 | 92,758,000 | 94,188,000 |
| Risk-weighted assets | 661,948,000 | 679,098,000 | 719,646,000 | 734,675,000 |