Call reports 2020
FREEDOM FINANCIAL BANK — 2020
What FREEDOM FINANCIAL 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 | 198,566,000 | 235,089,000 | 242,714,000 | 232,834,000 |
| Total loans | 167,116,000 | 176,089,000 | 182,384,000 | 169,986,000 |
| Allowance for loan losses | 2,173,000 | 2,366,000 | 1,827,000 | 1,930,000 |
| Securities available for sale | 525,000 | 0 | 0 | 0 |
| Securities held to maturity | 4,485,000 | 4,582,000 | 8,700,000 | 10,231,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 141,600,000 | 172,999,000 | 181,129,000 | 172,059,000 |
| Interest-bearing deposits | 121,789,000 | 148,130,000 | 153,462,000 | 146,501,000 |
| Noninterest-bearing deposits | 19,810,000 | 24,869,000 | 27,667,000 | 25,558,000 |
| Equity capital | 19,739,000 | 19,458,000 | 19,319,000 | 19,598,000 |
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 | 2,262,000 | 5,073,000 | 6,999,000 | 8,873,000 |
| Interest expense | 716,000 | 1,425,000 | 2,100,000 | 2,723,000 |
| Net interest income | 1,546,000 | 3,648,000 | 4,899,000 | 6,150,000 |
| Noninterest income | 29,000 | 58,000 | 90,000 | 126,000 |
| Noninterest expense | 850,000 | 1,757,000 | 2,579,000 | 3,442,000 |
| Provision for loan losses | 255,000 | 1,062,000 | 1,108,000 | 1,155,000 |
| Pretax income | 470,000 | 894,000 | 1,309,000 | 1,686,000 |
| Income tax | 5,000 | 24,000 | 44,000 | 61,000 |
| Net income | 465,000 | 870,000 | 1,265,000 | 1,625,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,739,000 | 19,458,000 | 19,319,000 | 19,598,000 |
| Total capital | 21,911,000 | 21,536,000 | 21,146,000 | 21,528,000 |
| Risk-weighted assets | 178,306,000 | 165,991,000 | 175,654,000 | 179,170,000 |