Call reports 2019
FREELAND STATE BANK — 2019
What FREELAND STATE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 50,517,000 | 50,729,000 | 51,616,000 | 51,055,000 |
| Total loans | 7,480,000 | 6,993,000 | 6,575,000 | 6,089,000 |
| Allowance for loan losses | 207,000 | 214,000 | 221,000 | 177,000 |
| Securities available for sale | 19,644,000 | 19,342,000 | 17,377,000 | 15,900,000 |
| Securities held to maturity | 8,265,000 | 7,251,000 | 7,034,000 | 7,793,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,490,000 | 41,490,000 | 42,277,000 | 41,758,000 |
| Interest-bearing deposits | 34,585,000 | 35,152,000 | 34,175,000 | 34,895,000 |
| Noninterest-bearing deposits | 6,905,000 | 6,338,000 | 8,102,000 | 6,863,000 |
| Equity capital | 8,969,000 | 9,143,000 | 9,205,000 | 9,227,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 296,000 | 618,000 | 948,000 | 1,240,000 |
| Interest expense | 22,000 | 42,000 | 64,000 | 84,000 |
| Net interest income | 274,000 | 576,000 | 884,000 | 1,156,000 |
| Noninterest income | 15,000 | 32,000 | 44,000 | 57,000 |
| Noninterest expense | 273,000 | 560,000 | 840,000 | 1,167,000 |
| Provision for loan losses | 0 | 0 | 0 | -50,000 |
| Pretax income | 16,000 | 41,000 | 81,000 | 89,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 16,000 | 41,000 | 81,000 | 89,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,096,000 | 9,112,000 | 9,151,000 | 9,146,000 |
| Total capital | 9,200,000 | 9,213,000 | 9,293,000 | 9,234,000 |
| Risk-weighted assets | 8,172,000 | 7,821,000 | 11,306,000 | 6,939,000 |