Call reports 2020
FREEDOM BANK — 2020
What FREEDOM 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 | 83,299,000 | 96,095,000 | 109,478,000 | 109,714,000 |
| Total loans | 72,839,000 | 84,720,000 | 86,500,000 | 85,628,000 |
| Allowance for loan losses | 1,120,000 | 1,325,000 | 1,327,000 | 1,309,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,101,000 | 80,432,000 | 94,489,000 | 96,544,000 |
| Interest-bearing deposits | 58,001,000 | 59,787,000 | 67,146,000 | 72,906,000 |
| Noninterest-bearing deposits | 12,100,000 | 20,645,000 | 27,343,000 | 23,638,000 |
| Equity capital | 8,965,000 | 9,426,000 | 9,809,000 | 10,115,000 |
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 | 1,287,000 | 2,947,000 | 4,239,000 | 5,475,000 |
| Interest expense | 200,000 | 374,000 | 539,000 | 700,000 |
| Net interest income | 1,087,000 | 2,573,000 | 3,700,000 | 4,775,000 |
| Noninterest income | 54,000 | 110,000 | 177,000 | 237,000 |
| Noninterest expense | 680,000 | 1,402,000 | 2,082,000 | 2,732,000 |
| Provision for loan losses | 25,000 | 225,000 | 225,000 | 225,000 |
| Pretax income | 436,000 | 1,056,000 | 1,570,000 | 2,055,000 |
| Income tax | 123,000 | 282,000 | 414,000 | 592,000 |
| Net income | 313,000 | 774,000 | 1,156,000 | 1,463,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,965,000 | 9,426,000 | 9,809,000 | 10,115,000 |