Call reports 2023
FREEDOM BANK — 2023
What FREEDOM BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 140,278,000 | 133,127,000 | 142,210,000 | 130,985,000 |
| Total loans | 105,562,000 | 108,642,000 | 111,118,000 | 109,189,000 |
| Allowance for loan losses | 1,488,000 | 1,489,000 | 1,526,000 | 1,577,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 126,132,000 | 118,230,000 | 127,297,000 | 115,975,000 |
| Interest-bearing deposits | 92,273,000 | 85,629,000 | 89,427,000 | 85,039,000 |
| Noninterest-bearing deposits | 33,859,000 | 32,601,000 | 37,870,000 | 30,936,000 |
| Equity capital | 13,784,000 | 14,539,000 | 14,329,000 | 14,903,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,255,000 | 4,714,000 | 7,228,000 | 9,792,000 |
| Interest expense | 446,000 | 966,000 | 1,557,000 | 2,199,000 |
| Net interest income | 1,809,000 | 3,748,000 | 5,671,000 | 7,593,000 |
| Noninterest income | 80,000 | 169,000 | 257,000 | 342,000 |
| Noninterest expense | 1,012,000 | 2,040,000 | 3,072,000 | 4,135,000 |
| Provision for loan losses | 0 | 0 | 50,000 | 100,000 |
| Pretax income | 877,000 | 1,877,000 | 2,806,000 | 3,700,000 |
| Income tax | 225,000 | 469,000 | 709,000 | 1,029,000 |
| Net income | 652,000 | 1,408,000 | 2,097,000 | 2,671,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,784,000 | 14,539,000 | 14,329,000 | 14,903,000 |