Call reports 2024
FREELAND STATE BANK — 2024
What FREELAND STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 |
|---|---|---|---|
| Total assets | 53,959,000 | 52,160,000 | 51,183,000 |
| Total loans | 2,174,000 | 2,031,000 | 1,937,000 |
| Allowance for loan losses | 40,000 | 35,000 | 32,000 |
| Securities available for sale | 18,369,000 | 18,492,000 | 15,825,000 |
| Securities held to maturity | 12,973,000 | 10,950,000 | 10,128,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 45,750,000 | 43,808,000 | 42,582,000 |
| Interest-bearing deposits | 37,120,000 | 35,520,000 | 34,474,000 |
| Noninterest-bearing deposits | 8,630,000 | 8,288,000 | 8,108,000 |
| Equity capital | 8,168,000 | 8,276,000 | 8,508,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 |
|---|---|---|---|
| Interest income | 363,000 | 725,000 | 1,104,000 |
| Interest expense | 53,000 | 102,000 | 155,000 |
| Net interest income | 310,000 | 623,000 | 949,000 |
| Noninterest income | 10,000 | 16,000 | 21,000 |
| Noninterest expense | 296,000 | 575,000 | 928,000 |
| Provision for loan losses | 0 | -6,000 | -8,000 |
| Pretax income | 24,000 | 70,000 | 50,000 |
| Income tax | 6,000 | 14,000 | 10,000 |
| Net income | 18,000 | 56,000 | 40,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 |
|---|---|---|---|
| Tier 1 capital | 8,813,000 | 8,841,000 | 8,707,000 |