Call reports 2022
FIRST FREEDOM BANK — 2022
What FIRST FREEDOM BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 612,321,000 | 631,723,000 | 619,596,000 | 625,916,000 |
| Total loans | 453,309,000 | 485,497,000 | 491,215,000 | 501,389,000 |
| Allowance for loan losses | 6,749,000 | 7,282,000 | 7,368,000 | 7,659,000 |
| Securities available for sale | 0 | 10,199,000 | 23,630,000 | 23,594,000 |
| Securities held to maturity | 1,000,000 | 3,778,000 | 3,778,000 | 3,779,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 540,440,000 | 558,824,000 | 545,508,000 | 543,025,000 |
| Interest-bearing deposits | 453,086,000 | 473,899,000 | 457,640,000 | 448,885,000 |
| Noninterest-bearing deposits | 87,354,000 | 84,924,000 | 87,868,000 | 94,140,000 |
| Equity capital | 62,950,000 | 65,054,000 | 65,919,000 | 68,069,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 6,033,000 | 11,986,000 | 18,844,000 | 26,476,000 |
| Interest expense | 602,000 | 1,238,000 | 1,981,000 | 3,053,000 |
| Net interest income | 5,431,000 | 10,748,000 | 16,863,000 | 23,423,000 |
| Noninterest income | 1,833,000 | 3,460,000 | 3,971,000 | 4,477,000 |
| Noninterest expense | 3,124,000 | 6,264,000 | 9,527,000 | 13,018,000 |
| Provision for loan losses | 0 | 593,000 | 721,000 | 1,087,000 |
| Pretax income | 3,919,000 | 7,234,000 | 10,454,000 | 13,502,000 |
| Income tax | 899,000 | 1,639,000 | 2,354,000 | 2,827,000 |
| Net income | 3,020,000 | 5,595,000 | 8,100,000 | 10,675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,561,000 | 63,722,000 | 65,677,000 | 67,510,000 |