Call reports 2023
FIRST FREEDOM BANK — 2023
What FIRST FREEDOM BANK 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 | 621,006,000 | 638,257,000 | 634,066,000 | 670,592,000 |
| Total loans | 498,192,000 | 503,022,000 | 519,076,000 | 533,136,000 |
| Allowance for loan losses | 7,871,000 | 7,932,000 | 7,623,000 | 7,865,000 |
| Securities available for sale | 23,428,000 | 22,772,000 | 21,433,000 | 22,023,000 |
| Securities held to maturity | 3,779,000 | 3,779,000 | 3,780,000 | 3,780,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 535,180,000 | 558,078,000 | 551,909,000 | 587,255,000 |
| Interest-bearing deposits | 460,164,000 | 488,779,000 | 482,089,000 | 518,343,000 |
| Noninterest-bearing deposits | 75,016,000 | 69,299,000 | 69,820,000 | 68,912,000 |
| Equity capital | 69,127,000 | 71,145,000 | 72,984,000 | 73,466,000 |
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 | 7,703,000 | 16,163,000 | 25,164,000 | 34,870,000 |
| Interest expense | 1,678,000 | 4,227,000 | 7,364,000 | 11,098,000 |
| Net interest income | 6,025,000 | 11,936,000 | 17,800,000 | 23,772,000 |
| Noninterest income | 496,000 | 1,006,000 | 2,996,000 | 3,506,000 |
| Noninterest expense | 3,442,000 | 6,752,000 | 10,130,000 | 13,647,000 |
| Provision for loan losses | 171,000 | 470,000 | 441,000 | 1,060,000 |
| Pretax income | 3,126,000 | 6,157,000 | 10,465,000 | 13,555,000 |
| Income tax | 651,000 | 1,283,000 | 2,258,000 | 2,794,000 |
| Net income | 2,475,000 | 4,874,000 | 8,207,000 | 10,761,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,436,000 | 70,683,000 | 73,242,000 | 72,991,000 |