Call reports 2024
AMERICAN BANK OF FREEDOM — 2024
What AMERICAN BANK OF FREEDOM 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 | 879,911,000 | 919,178,000 | 944,080,000 | 934,548,000 |
| Total loans | 723,399,000 | 758,483,000 | 778,015,000 | 761,958,000 |
| Allowance for loan losses | 8,740,000 | 9,214,000 | 13,942,000 | 13,947,000 |
| Securities available for sale | 66,165,000 | 67,254,000 | 70,751,000 | 75,372,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 662,304,000 | 689,007,000 | 714,746,000 | 716,760,000 |
| Interest-bearing deposits | 604,412,000 | 631,462,000 | 655,278,000 | 647,884,000 |
| Noninterest-bearing deposits | 57,892,000 | 57,545,000 | 59,468,000 | 68,876,000 |
| Equity capital | 89,148,000 | 90,013,000 | 88,585,000 | 88,714,000 |
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 | 13,278,000 | 27,305,000 | 41,201,000 | 55,993,000 |
| Interest expense | 7,158,000 | 14,762,000 | 22,314,000 | 30,511,000 |
| Net interest income | 6,120,000 | 12,543,000 | 18,887,000 | 25,482,000 |
| Noninterest income | 476,000 | 976,000 | 4,244,000 | 4,611,000 |
| Noninterest expense | 4,836,000 | 9,978,000 | 14,669,000 | 19,633,000 |
| Provision for loan losses | 364,000 | 834,000 | 5,557,000 | 5,557,000 |
| Pretax income | 1,403,000 | 2,742,000 | 2,961,000 | 4,973,000 |
| Income tax | 321,000 | 629,000 | 691,000 | 1,157,000 |
| Net income | 1,082,000 | 2,113,000 | 2,270,000 | 3,816,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 86,937,000 | 88,005,000 | 88,199,000 | 89,783,000 |
| Total capital | 95,677,000 | 97,219,000 | 98,431,000 | 99,351,000 |
| Risk-weighted assets | 755,463,000 | 796,761,000 | 814,683,000 | 760,852,000 |