Call reports 2018
FREEDOM BANK — 2018
What FREEDOM BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 72,775,000 | 77,351,000 | 82,286,000 | 79,081,000 |
| Total loans | 64,650,000 | 68,932,000 | 69,244,000 | 67,704,000 |
| Allowance for loan losses | 1,021,000 | 1,023,000 | 1,029,000 | 1,081,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,411,000 | 65,805,000 | 71,378,000 | 67,977,000 |
| Interest-bearing deposits | 52,824,000 | 54,233,000 | 58,012,000 | 57,190,000 |
| Noninterest-bearing deposits | 8,587,000 | 11,572,000 | 13,366,000 | 10,788,000 |
| Equity capital | 7,183,000 | 7,419,000 | 7,700,000 | 8,042,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,030,000 | 2,161,000 | 3,360,000 | 4,596,000 |
| Interest expense | 153,000 | 334,000 | 542,000 | 760,000 |
| Net interest income | 877,000 | 1,827,000 | 2,818,000 | 3,836,000 |
| Noninterest income | 46,000 | 103,000 | 158,000 | 201,000 |
| Noninterest expense | 613,000 | 1,276,000 | 1,919,000 | 2,558,000 |
| Provision for loan losses | 0 | 0 | 0 | 50,000 |
| Pretax income | 310,000 | 654,000 | 1,057,000 | 1,429,000 |
| Income tax | 83,000 | 166,000 | 289,000 | 293,000 |
| Net income | 227,000 | 488,000 | 768,000 | 1,136,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,183,000 | 7,419,000 | 7,700,000 | 8,042,000 |
| Total capital | 7,916,000 | 8,204,000 | 8,485,000 | 8,811,000 |
| Risk-weighted assets | 58,313,000 | 62,598,000 | 62,533,000 | 61,187,000 |