Call reports 2018
FREEDOM BANK, INC. — 2018
What FREEDOM BANK, INC. reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 161,729,000 | 160,372,000 | 155,829,000 | 161,346,000 |
| Total loans | 129,060,000 | 129,292,000 | 130,565,000 | 132,005,000 |
| Allowance for loan losses | 1,698,000 | 1,694,000 | 1,739,000 | 1,589,000 |
| Securities available for sale | 9,565,000 | 9,301,000 | 8,948,000 | 10,942,000 |
| Securities held to maturity | 911,000 | 898,000 | 886,000 | 745,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 140,471,000 | 139,147,000 | 134,344,000 | 137,395,000 |
| Interest-bearing deposits | 94,203,000 | 92,721,000 | 91,238,000 | 94,774,000 |
| Noninterest-bearing deposits | 46,268,000 | 46,426,000 | 43,106,000 | 42,621,000 |
| Equity capital | 16,031,000 | 16,316,000 | 16,577,000 | 17,079,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,449,000 | 2,917,000 | 4,464,000 | 6,058,000 |
| Interest expense | 105,000 | 213,000 | 328,000 | 446,000 |
| Net interest income | 1,344,000 | 2,704,000 | 4,136,000 | 5,612,000 |
| Noninterest income | 289,000 | 634,000 | 1,040,000 | 1,576,000 |
| Noninterest expense | 1,190,000 | 2,475,000 | 3,752,000 | 5,009,000 |
| Provision for loan losses | 0 | 0 | 60,000 | 240,000 |
| Pretax income | 443,000 | 863,000 | 1,364,000 | 1,798,000 |
| Income tax | 123,000 | 253,000 | 409,000 | 399,000 |
| Net income | 320,000 | 610,000 | 955,000 | 1,399,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,169,000 | 16,459,000 | 16,804,000 | 17,302,000 |
| Total capital | 17,571,000 | 17,856,000 | 18,191,000 | 18,703,000 |
| Risk-weighted assets | 111,871,000 | 111,455,000 | 110,602,000 | 111,889,000 |