Call reports 2021
FIRST FREEDOM BANK — 2021
What FIRST FREEDOM BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 595,202,000 | 596,629,000 | 579,692,000 | 607,108,000 |
| Total loans | 500,169,000 | 473,939,000 | 446,307,000 | 459,220,000 |
| Allowance for loan losses | 6,821,000 | 7,157,000 | 7,158,000 | 6,867,000 |
| Securities available for sale | 0 | 0 | 1,000,000 | 1,000,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 475,583,000 | 509,055,000 | 512,290,000 | 535,073,000 |
| Interest-bearing deposits | 407,679,000 | 441,687,000 | 443,481,000 | 456,348,000 |
| Noninterest-bearing deposits | 67,904,000 | 67,368,000 | 68,809,000 | 78,725,000 |
| Equity capital | 56,655,000 | 58,169,000 | 60,292,000 | 62,723,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 6,794,000 | 13,228,000 | 19,541,000 | 25,337,000 |
| Interest expense | 886,000 | 1,654,000 | 2,334,000 | 2,963,000 |
| Net interest income | 5,908,000 | 11,574,000 | 17,207,000 | 22,374,000 |
| Noninterest income | 571,000 | 1,082,000 | 1,635,000 | 2,218,000 |
| Noninterest expense | 3,038,000 | 6,063,000 | 9,087,000 | 14,180,000 |
| Provision for loan losses | 736,000 | 1,050,000 | 1,052,000 | 945,000 |
| Pretax income | 2,705,000 | 5,543,000 | 8,868,000 | 9,720,000 |
| Income tax | 594,000 | 1,236,000 | 2,005,000 | 1,994,000 |
| Net income | 2,111,000 | 4,307,000 | 6,863,000 | 7,726,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,076,000 | 56,647,000 | 58,814,000 | 61,290,000 |