Call reports 2020
FIRST FREEDOM BANK — 2020
What FIRST FREEDOM BANK 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 | 505,299,000 | 620,964,000 | 621,133,000 | 613,111,000 |
| Total loans | 423,236,000 | 513,501,000 | 514,208,000 | 492,832,000 |
| Allowance for loan losses | 4,744,000 | 5,255,000 | 5,363,000 | 6,469,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 436,729,000 | 492,386,000 | 489,821,000 | 501,163,000 |
| Interest-bearing deposits | 391,240,000 | 431,071,000 | 425,785,000 | 436,668,000 |
| Noninterest-bearing deposits | 45,488,000 | 61,315,000 | 64,036,000 | 64,495,000 |
| Equity capital | 52,315,000 | 52,242,000 | 53,921,000 | 54,977,000 |
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 | 5,702,000 | 12,669,000 | 19,159,000 | 25,519,000 |
| Interest expense | 1,528,000 | 2,859,000 | 4,066,000 | 5,168,000 |
| Net interest income | 4,174,000 | 9,810,000 | 15,093,000 | 20,351,000 |
| Noninterest income | 517,000 | 999,000 | 1,512,000 | 2,097,000 |
| Noninterest expense | 2,936,000 | 5,925,000 | 8,777,000 | 11,538,000 |
| Provision for loan losses | 93,000 | 1,337,000 | 1,590,000 | 2,810,000 |
| Pretax income | 1,662,000 | 3,547,000 | 6,238,000 | 8,100,000 |
| Income tax | 345,000 | 721,000 | 1,300,000 | 1,673,000 |
| Net income | 1,317,000 | 2,826,000 | 4,938,000 | 6,427,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 50,547,000 | 50,518,000 | 52,254,000 | 53,354,000 |