Call reports 2019
FREEDOM BANK, INC. — 2019
What FREEDOM BANK, INC. reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 163,144,000 | 164,627,000 | 167,538,000 | 166,013,000 |
| Total loans | 132,515,000 | 132,531,000 | 130,681,000 | 130,389,000 |
| Allowance for loan losses | 1,571,000 | 1,604,000 | 1,640,000 | 1,692,000 |
| Securities available for sale | 11,302,000 | 13,407,000 | 13,306,000 | 13,027,000 |
| Securities held to maturity | 745,000 | 448,000 | 448,000 | 448,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 144,231,000 | 142,271,000 | 144,560,000 | 145,477,000 |
| Interest-bearing deposits | 96,990,000 | 97,307,000 | 98,597,000 | 99,291,000 |
| Noninterest-bearing deposits | 47,241,000 | 44,964,000 | 45,963,000 | 46,186,000 |
| Equity capital | 16,887,000 | 17,289,000 | 17,793,000 | 18,254,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,633,000 | 3,287,000 | 5,049,000 | 6,778,000 |
| Interest expense | 142,000 | 284,000 | 448,000 | 605,000 |
| Net interest income | 1,491,000 | 3,003,000 | 4,601,000 | 6,173,000 |
| Noninterest income | 350,000 | 783,000 | 1,158,000 | 1,461,000 |
| Noninterest expense | 1,242,000 | 2,555,000 | 3,844,000 | 5,192,000 |
| Provision for loan losses | 120,000 | 180,000 | 270,000 | 350,000 |
| Pretax income | 479,000 | 754,000 | 1,348,000 | 1,795,000 |
| Income tax | 119,000 | 185,000 | 368,000 | 351,000 |
| Net income | 360,000 | 569,000 | 980,000 | 1,444,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,961,000 | 17,171,000 | 17,582,000 | 18,127,000 |
| Total capital | 18,371,000 | 18,578,000 | 18,975,000 | 19,540,000 |
| Risk-weighted assets | 112,651,000 | 112,365,000 | 111,175,000 | 112,717,000 |
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