Call reports 2020
FREELAND STATE BANK — 2020
What FREELAND STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 51,479,000 | 52,274,000 | 53,286,000 | 55,509,000 |
| Total loans | 5,876,000 | 5,757,000 | 5,612,000 | 5,256,000 |
| Allowance for loan losses | 184,000 | 191,000 | 198,000 | 152,000 |
| Securities available for sale | 9,372,000 | 11,383,000 | 13,360,000 | 13,832,000 |
| Securities held to maturity | 10,384,000 | 9,985,000 | 11,481,000 | 12,214,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,998,000 | 42,825,000 | 43,841,000 | 46,213,000 |
| Interest-bearing deposits | 35,112,000 | 34,952,000 | 36,066,000 | 36,775,000 |
| Noninterest-bearing deposits | 6,886,000 | 7,873,000 | 7,775,000 | 9,438,000 |
| Equity capital | 9,318,000 | 9,278,000 | 9,260,000 | 9,220,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 300,000 | 536,000 | 785,000 | 1,035,000 |
| Interest expense | 22,000 | 42,000 | 62,000 | 85,000 |
| Net interest income | 278,000 | 494,000 | 723,000 | 950,000 |
| Noninterest income | 13,000 | 20,000 | 27,000 | 33,000 |
| Noninterest expense | 250,000 | 517,000 | 779,000 | 1,106,000 |
| Provision for loan losses | 0 | 0 | 0 | -55,000 |
| Pretax income | 41,000 | -3,000 | -11,000 | -50,000 |
| Income tax | 0 | 0 | 0 | -11,000 |
| Net income | 41,000 | -3,000 | -11,000 | -39,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,185,000 | 9,133,000 | 9,125,000 | 9,081,000 |