Call reports 2023
FREEDOM FINANCIAL BANK — 2023
What FREEDOM FINANCIAL 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 | 253,427,000 | 244,498,000 | 260,739,000 | 272,043,000 |
| Total loans | 198,040,000 | 197,567,000 | 197,028,000 | 198,780,000 |
| Allowance for loan losses | 2,363,000 | 2,408,000 | 2,453,000 | 2,498,000 |
| Securities available for sale | 0 | 0 | 2,511,000 | 4,627,000 |
| Securities held to maturity | 14,026,000 | 13,939,000 | 13,829,000 | 13,757,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 190,023,000 | 181,582,000 | 197,814,000 | 206,532,000 |
| Interest-bearing deposits | 161,818,000 | 156,693,000 | 171,579,000 | 175,583,000 |
| Noninterest-bearing deposits | 28,206,000 | 24,889,000 | 26,236,000 | 30,949,000 |
| Equity capital | 21,870,000 | 22,107,000 | 22,505,000 | 23,027,000 |
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 | 2,680,000 | 5,611,000 | 8,591,000 | 11,892,000 |
| Interest expense | 903,000 | 2,012,000 | 3,291,000 | 4,666,000 |
| Net interest income | 1,777,000 | 3,599,000 | 5,300,000 | 7,226,000 |
| Noninterest income | 32,000 | 67,000 | 102,000 | 136,000 |
| Noninterest expense | 967,000 | 1,912,000 | 2,828,000 | 3,894,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 797,000 | 1,664,000 | 2,439,000 | 3,288,000 |
| Income tax | 22,000 | 57,000 | 88,000 | 122,000 |
| Net income | 775,000 | 1,607,000 | 2,351,000 | 3,166,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,870,000 | 22,107,000 | 22,505,000 | 22,926,000 |
| Total capital | 24,233,000 | 24,515,000 | 24,958,000 | 25,424,000 |
| Risk-weighted assets | 223,107,000 | 221,072,000 | 224,704,000 | 229,443,000 |