Call reports 2020
FREEDOM BANK, INC. — 2020
What FREEDOM BANK, INC. reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 169,950,000 | 184,709,000 | 185,233,000 | 188,167,000 |
| Total loans | 130,908,000 | 135,469,000 | 135,301,000 | 129,856,000 |
| Allowance for loan losses | 1,706,000 | 1,767,000 | 1,666,000 | 1,487,000 |
| Securities available for sale | 12,094,000 | 12,933,000 | 18,549,000 | 20,327,000 |
| Securities held to maturity | 448,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 150,361,000 | 164,416,000 | 164,550,000 | 167,181,000 |
| Interest-bearing deposits | 101,457,000 | 104,103,000 | 103,591,000 | 105,486,000 |
| Noninterest-bearing deposits | 48,904,000 | 60,313,000 | 60,959,000 | 61,695,000 |
| Equity capital | 17,061,000 | 18,140,000 | 18,350,000 | 19,003,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,701,000 | 3,379,000 | 5,107,000 | 6,880,000 |
| Interest expense | 159,000 | 310,000 | 446,000 | 557,000 |
| Net interest income | 1,542,000 | 3,069,000 | 4,661,000 | 6,323,000 |
| Noninterest income | 312,000 | 603,000 | 717,000 | 1,035,000 |
| Noninterest expense | 1,364,000 | 2,412,000 | 3,771,000 | 5,073,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 350,000 | 692,000 | 979,000 | 1,597,000 |
| Income tax | 76,000 | 153,000 | 258,000 | 306,000 |
| Net income | 274,000 | 539,000 | 721,000 | 1,291,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,552,000 | 17,816,000 | 17,998,000 | 18,568,000 |