Call reports 2021
FREEDOM FINANCIAL BANK — 2021
What FREEDOM FINANCIAL 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 | 226,255,000 | 226,688,000 | 230,525,000 | 232,535,000 |
| Total loans | 171,667,000 | 178,929,000 | 166,503,000 | 172,086,000 |
| Allowance for loan losses | 1,992,000 | 2,023,000 | 2,043,000 | 2,043,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 10,045,000 | 10,874,000 | 12,762,000 | 13,005,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 166,120,000 | 171,125,000 | 175,068,000 | 177,457,000 |
| Interest-bearing deposits | 135,057,000 | 139,644,000 | 141,688,000 | 147,416,000 |
| Noninterest-bearing deposits | 31,063,000 | 31,481,000 | 33,380,000 | 30,040,000 |
| Equity capital | 19,910,000 | 19,512,000 | 19,792,000 | 20,331,000 |
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 | 1,830,000 | 3,663,000 | 5,555,000 | 7,670,000 |
| Interest expense | 545,000 | 1,030,000 | 1,507,000 | 1,975,000 |
| Net interest income | 1,285,000 | 2,633,000 | 4,048,000 | 5,695,000 |
| Noninterest income | 33,000 | 67,000 | 103,000 | 141,000 |
| Noninterest expense | 875,000 | 1,726,000 | 2,597,000 | 3,460,000 |
| Provision for loan losses | 41,000 | 71,000 | 91,000 | 91,000 |
| Pretax income | 402,000 | 903,000 | 1,463,000 | 2,285,000 |
| Income tax | 8,000 | 29,000 | 55,000 | 87,000 |
| Net income | 394,000 | 874,000 | 1,408,000 | 2,198,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,910,000 | 19,512,000 | 19,792,000 | 20,331,000 |
| Total capital | 21,902,000 | 21,535,000 | 21,835,000 | 22,374,000 |
| Risk-weighted assets | 171,167,000 | 182,455,000 | 178,591,000 | 189,670,000 |