Call reports 2024
FIRST FREEDOM BANK — 2024
What FIRST FREEDOM BANK 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 | 682,667,000 | 693,051,000 | 734,840,000 | 769,707,000 |
| Total loans | 552,663,000 | 575,363,000 | 590,494,000 | 594,900,000 |
| Allowance for loan losses | 7,623,000 | 7,551,000 | 7,115,000 | 6,711,000 |
| Securities available for sale | 21,350,000 | 20,839,000 | 20,925,000 | 19,654,000 |
| Securities held to maturity | 3,780,000 | 3,781,000 | 3,781,000 | 2,781,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 598,234,000 | 607,936,000 | 648,345,000 | 682,256,000 |
| Interest-bearing deposits | 530,477,000 | 534,420,000 | 581,540,000 | 606,048,000 |
| Noninterest-bearing deposits | 67,757,000 | 73,516,000 | 66,805,000 | 76,208,000 |
| Equity capital | 74,431,000 | 76,068,000 | 80,176,000 | 81,025,000 |
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 | 10,169,000 | 20,574,000 | 31,628,000 | 42,944,000 |
| Interest expense | 4,034,000 | 8,245,000 | 12,971,000 | 17,985,000 |
| Net interest income | 6,135,000 | 12,329,000 | 18,657,000 | 24,959,000 |
| Noninterest income | 478,000 | 994,000 | 1,565,000 | 2,071,000 |
| Noninterest expense | 3,651,000 | 7,239,000 | 10,889,000 | 14,396,000 |
| Provision for loan losses | 70,000 | 275,000 | 326,000 | 257,000 |
| Pretax income | 2,749,000 | 5,845,000 | 9,576,000 | 12,780,000 |
| Income tax | 555,000 | 1,348,000 | 2,159,000 | 2,777,000 |
| Net income | 2,194,000 | 4,497,000 | 7,417,000 | 10,003,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 74,257,000 | 75,922,000 | 79,569,000 | 81,059,000 |