Call reports 2022
FREEDOM BANK, INC. — 2022
What FREEDOM BANK, INC. reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 213,941,000 | 208,788,000 | 214,118,000 | 213,220,000 |
| Total loans | 128,289,000 | 133,254,000 | 139,578,000 | 143,100,000 |
| Allowance for loan losses | 1,654,000 | 1,676,000 | 1,667,000 | 1,674,000 |
| Securities available for sale | 47,616,000 | 45,410,000 | 43,170,000 | 42,187,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 194,514,000 | 192,432,000 | 198,538,000 | 195,497,000 |
| Interest-bearing deposits | 119,680,000 | 122,531,000 | 121,394,000 | 124,160,000 |
| Noninterest-bearing deposits | 74,834,000 | 69,901,000 | 77,144,000 | 71,337,000 |
| Equity capital | 16,973,000 | 13,728,000 | 12,907,000 | 14,512,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,655,000 | 3,432,000 | 5,304,000 | 7,211,000 |
| Interest expense | 95,000 | 190,000 | 289,000 | 415,000 |
| Net interest income | 1,560,000 | 3,242,000 | 5,015,000 | 6,796,000 |
| Noninterest income | 328,000 | 706,000 | 987,000 | 1,284,000 |
| Noninterest expense | 1,440,000 | 2,943,000 | 4,394,000 | 5,813,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 433,000 | 925,000 | 1,513,000 | 1,956,000 |
| Income tax | 109,000 | 247,000 | 403,000 | 316,000 |
| Net income | 324,000 | 678,000 | 1,110,000 | 1,640,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,617,000 | 19,271,000 | 19,703,000 | 20,233,000 |