Call reports 2021
FREEDOM BANK — 2021
What FREEDOM 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 | 118,519,000 | 125,538,000 | 138,834,000 | 141,590,000 |
| Total loans | 91,403,000 | 93,428,000 | 93,244,000 | 94,385,000 |
| Allowance for loan losses | 1,312,000 | 1,316,000 | 1,319,000 | 1,312,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 105,077,000 | 113,044,000 | 125,009,000 | 127,444,000 |
| Interest-bearing deposits | 79,082,000 | 80,068,000 | 89,617,000 | 92,636,000 |
| Noninterest-bearing deposits | 25,994,000 | 32,976,000 | 35,392,000 | 34,808,000 |
| Equity capital | 10,090,000 | 10,309,000 | 11,632,000 | 12,032,000 |
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 | 1,573,000 | 3,054,000 | 4,403,000 | 5,821,000 |
| Interest expense | 155,000 | 296,000 | 433,000 | 571,000 |
| Net interest income | 1,418,000 | 2,758,000 | 3,970,000 | 5,250,000 |
| Noninterest income | 62,000 | 137,000 | 210,000 | 279,000 |
| Noninterest expense | 801,000 | 1,816,000 | 2,593,000 | 3,443,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 679,000 | 1,079,000 | 1,587,000 | 2,086,000 |
| Income tax | 192,000 | 282,000 | 468,000 | 556,000 |
| Net income | 487,000 | 797,000 | 1,119,000 | 1,530,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,090,000 | 10,309,000 | 11,632,000 | 12,032,000 |