Call reports 2023
FREELAND STATE BANK — 2023
What FREELAND STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 58,839,000 | 56,078,000 | 56,699,000 | 55,076,000 |
| Total loans | 3,119,000 | 2,848,000 | 2,631,000 | 2,387,000 |
| Allowance for loan losses | 61,000 | 73,000 | 73,000 | 40,000 |
| Securities available for sale | 21,051,000 | 19,925,000 | 19,920,000 | 18,310,000 |
| Securities held to maturity | 14,901,000 | 14,681,000 | 13,762,000 | 13,242,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,761,000 | 48,129,000 | 48,807,000 | 46,948,000 |
| Interest-bearing deposits | 42,404,000 | 39,614,000 | 38,057,000 | 36,974,000 |
| Noninterest-bearing deposits | 8,357,000 | 8,515,000 | 10,750,000 | 9,974,000 |
| Equity capital | 8,046,000 | 7,899,000 | 7,839,000 | 8,122,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 326,000 | 654,000 | 977,000 | 1,360,000 |
| Interest expense | 24,000 | 53,000 | 89,000 | 131,000 |
| Net interest income | 302,000 | 601,000 | 888,000 | 1,229,000 |
| Noninterest income | 9,000 | 16,000 | 23,000 | 30,000 |
| Noninterest expense | 299,000 | 619,000 | 956,000 | 1,301,000 |
| Provision for loan losses | 1,000 | 1,000 | 1,000 | -33,000 |
| Pretax income | 11,000 | -3,000 | -46,000 | -9,000 |
| Income tax | 3,000 | 0 | -9,000 | 0 |
| Net income | 8,000 | -3,000 | -37,000 | -9,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,839,000 | 8,815,000 | 8,783,000 | 8,794,000 |