Call reports 2021
FREEDOM BANK, INC. — 2021
What FREEDOM BANK, INC. reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 200,451,000 | 200,490,000 | 209,063,000 | 213,189,000 |
| Total loans | 125,432,000 | 126,235,000 | 121,790,000 | 126,005,000 |
| Allowance for loan losses | 1,542,000 | 1,555,000 | 1,627,000 | 1,685,000 |
| Securities available for sale | 34,339,000 | 36,233,000 | 43,603,000 | 52,072,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 179,237,000 | 179,152,000 | 187,340,000 | 191,417,000 |
| Interest-bearing deposits | 110,792,000 | 112,788,000 | 116,223,000 | 118,446,000 |
| Noninterest-bearing deposits | 68,445,000 | 66,364,000 | 71,117,000 | 72,971,000 |
| Equity capital | 19,086,000 | 19,030,000 | 19,287,000 | 19,381,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,728,000 | 3,411,000 | 5,207,000 | 6,962,000 |
| Interest expense | 100,000 | 202,000 | 300,000 | 396,000 |
| Net interest income | 1,628,000 | 3,209,000 | 4,907,000 | 6,566,000 |
| Noninterest income | 315,000 | 660,000 | 839,000 | 980,000 |
| Noninterest expense | 1,362,000 | 2,705,000 | 4,165,000 | 5,579,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 521,000 | 1,044,000 | 1,401,000 | 1,727,000 |
| Income tax | 131,000 | 287,000 | 348,000 | 352,000 |
| Net income | 390,000 | 757,000 | 1,053,000 | 1,375,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,958,000 | 18,675,000 | 18,972,000 | 19,293,000 |