Call reports 2022
FREEDOM BANK — 2022
What FREEDOM BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 151,208,000 | 148,717,000 | 149,153,000 | 141,945,000 |
| Total loans | 100,774,000 | 104,462,000 | 103,237,000 | 104,934,000 |
| Allowance for loan losses | 1,316,000 | 1,314,000 | 1,324,000 | 1,479,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 138,974,000 | 136,144,000 | 135,874,000 | 128,133,000 |
| Interest-bearing deposits | 100,521,000 | 98,893,000 | 95,465,000 | 92,208,000 |
| Noninterest-bearing deposits | 38,452,000 | 37,251,000 | 40,409,000 | 35,925,000 |
| Equity capital | 11,944,000 | 12,379,000 | 13,057,000 | 13,732,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,369,000 | 2,959,000 | 4,819,000 | 6,968,000 |
| Interest expense | 137,000 | 269,000 | 453,000 | 788,000 |
| Net interest income | 1,232,000 | 2,690,000 | 4,366,000 | 6,180,000 |
| Noninterest income | 73,000 | 164,000 | 261,000 | 346,000 |
| Noninterest expense | 807,000 | 1,753,000 | 2,630,000 | 3,457,000 |
| Provision for loan losses | 0 | 0 | 0 | 150,000 |
| Pretax income | 498,000 | 1,101,000 | 1,997,000 | 2,919,000 |
| Income tax | 136,000 | 304,000 | 522,000 | 769,000 |
| Net income | 362,000 | 797,000 | 1,475,000 | 2,150,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,944,000 | 12,379,000 | 13,057,000 | 13,732,000 |
| Total capital | — | — | 14,250,000 | — |
| Risk-weighted assets | — | — | 95,406,000 | — |