Call reports 2024
FREEDOM FINANCIAL BANK — 2024
What FREEDOM FINANCIAL 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 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 271,169,000 | 268,481,000 | 257,782,000 | 262,329,000 |
| Total loans | 204,845,000 | 212,942,000 | 211,088,000 | 216,400,000 |
| Allowance for loan losses | 2,543,000 | 2,588,000 | 2,633,000 | 2,678,000 |
| Securities available for sale | 5,452,000 | 5,070,000 | 4,192,000 | 5,016,000 |
| Securities held to maturity | 13,685,000 | 13,093,000 | 13,018,000 | 11,947,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 207,611,000 | 197,839,000 | 196,455,000 | 197,595,000 |
| Interest-bearing deposits | 178,528,000 | 169,264,000 | 172,699,000 | 173,924,000 |
| Noninterest-bearing deposits | 29,083,000 | 28,575,000 | 23,756,000 | 23,671,000 |
| Equity capital | 23,830,000 | 23,943,000 | 23,926,000 | 24,020,000 |
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 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 3,363,000 | 6,975,000 | 10,471,000 | 13,926,000 |
| Interest expense | 1,459,000 | 2,908,000 | 4,499,000 | 5,949,000 |
| Net interest income | 1,904,000 | 4,067,000 | 5,972,000 | 7,977,000 |
| Noninterest income | 38,000 | 69,000 | 107,000 | 144,000 |
| Noninterest expense | 1,019,000 | 2,056,000 | 3,080,000 | 4,141,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 878,000 | 1,990,000 | 2,864,000 | 3,800,000 |
| Income tax | 29,000 | 85,000 | 116,000 | 149,000 |
| Net income | 849,000 | 1,905,000 | 2,748,000 | 3,651,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,775,000 | 23,901,000 | 23,760,000 | 24,022,000 |
| Total capital | 26,318,000 | 26,489,000 | 26,393,000 | 26,700,000 |
| Risk-weighted assets | 235,619,000 | 242,499,000 | 238,643,000 | 237,544,000 |