Call reports 2021
FREELAND STATE BANK — 2021
What FREELAND STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 58,107,000 | 57,517,000 | 59,645,000 | 59,816,000 |
| Total loans | 5,077,000 | 4,741,000 | 4,285,000 | 3,908,000 |
| Allowance for loan losses | 156,000 | 163,000 | 170,000 | 125,000 |
| Securities available for sale | 14,741,000 | 14,845,000 | 14,322,000 | 13,204,000 |
| Securities held to maturity | 12,747,000 | 15,887,000 | 16,684,000 | 16,971,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,904,000 | 48,378,000 | 50,552,000 | 51,030,000 |
| Interest-bearing deposits | 39,533,000 | 39,811,000 | 39,676,000 | 41,048,000 |
| Noninterest-bearing deposits | 9,371,000 | 8,567,000 | 10,876,000 | 9,982,000 |
| Equity capital | 9,123,000 | 9,036,000 | 8,977,000 | 8,776,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 234,000 | 478,000 | 694,000 | 921,000 |
| Interest expense | 23,000 | 43,000 | 65,000 | 88,000 |
| Net interest income | 211,000 | 435,000 | 629,000 | 833,000 |
| Noninterest income | 9,000 | 15,000 | 23,000 | 30,000 |
| Noninterest expense | 259,000 | 570,000 | 840,000 | 1,175,000 |
| Provision for loan losses | 0 | 0 | 0 | -50,000 |
| Pretax income | -39,000 | -120,000 | -174,000 | -248,000 |
| Income tax | -8,000 | -26,000 | -37,000 | -53,000 |
| Net income | -31,000 | -94,000 | -137,000 | -195,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,051,000 | 8,976,000 | 8,935,000 | 8,861,000 |