Call reports 2024
FREEDOM BANK — 2024
What FREEDOM BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 124,789,000 | 129,258,000 | 134,461,000 | 136,584,000 |
| Total loans | 109,700,000 | 113,970,000 | 117,413,000 | 125,306,000 |
| Allowance for loan losses | 1,582,000 | 1,607,000 | 1,632,000 | 1,682,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,474,000 | 113,475,000 | 117,951,000 | 119,579,000 |
| Interest-bearing deposits | 83,000,000 | 83,230,000 | 85,726,000 | 89,867,000 |
| Noninterest-bearing deposits | 26,474,000 | 30,245,000 | 32,225,000 | 29,712,000 |
| Equity capital | 14,907,000 | 15,509,000 | 16,165,000 | 16,877,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 2,508,000 | 5,065,000 | 7,779,000 | 10,580,000 |
| Interest expense | 671,000 | 1,346,000 | 2,051,000 | 2,791,000 |
| Net interest income | 1,837,000 | 3,719,000 | 5,728,000 | 7,789,000 |
| Noninterest income | 72,000 | 155,000 | 237,000 | 315,000 |
| Noninterest expense | 1,094,000 | 2,190,000 | 3,340,000 | 4,529,000 |
| Provision for loan losses | 0 | 25,000 | 50,000 | 100,000 |
| Pretax income | 815,000 | 1,659,000 | 2,575,000 | 3,475,000 |
| Income tax | 211,000 | 453,000 | 713,000 | 901,000 |
| Net income | 604,000 | 1,206,000 | 1,862,000 | 2,574,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,907,000 | 15,509,000 | 16,165,000 | 16,877,000 |