Call reports 2022
FREELAND STATE BANK — 2022
What FREELAND STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 60,319,000 | 60,496,000 | 59,598,000 | 62,128,000 |
| Total loans | 3,786,000 | 3,493,000 | 3,379,000 | 3,230,000 |
| Allowance for loan losses | 45,000 | 48,000 | 53,000 | 56,000 |
| Securities available for sale | 13,844,000 | 18,160,000 | 17,898,000 | 17,952,000 |
| Securities held to maturity | 16,357,000 | 15,739,000 | 15,520,000 | 14,920,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,889,000 | 52,422,000 | 51,751,000 | 54,235,000 |
| Interest-bearing deposits | 42,403,000 | 43,379,000 | 42,892,000 | 44,633,000 |
| Noninterest-bearing deposits | 9,486,000 | 9,043,000 | 8,859,000 | 9,602,000 |
| Equity capital | 8,394,000 | 8,033,000 | 7,790,000 | 7,886,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 256,000 | 496,000 | 785,000 | 1,209,000 |
| Interest expense | 23,000 | 44,000 | 68,000 | 91,000 |
| Net interest income | 233,000 | 452,000 | 717,000 | 1,118,000 |
| Noninterest income | 10,000 | 15,000 | 23,000 | 32,000 |
| Noninterest expense | 301,000 | 631,000 | 934,000 | 1,241,000 |
| Provision for loan losses | -86,000 | -86,000 | -86,000 | -86,000 |
| Pretax income | 28,000 | -78,000 | -108,000 | -5,000 |
| Income tax | 4,000 | -16,000 | -22,000 | -1,000 |
| Net income | 24,000 | -62,000 | -86,000 | -4,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,884,000 | 8,789,000 | 8,764,000 | 8,830,000 |