Call reports 2023
FREEDOM BANK, INC. — 2023
What FREEDOM BANK, INC. reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 212,103,000 | 208,115,000 | 204,697,000 | 203,851,000 |
| Total loans | 142,448,000 | 142,544,000 | 141,200,000 | 139,196,000 |
| Allowance for loan losses | 1,691,000 | 1,714,000 | 1,740,000 | 1,811,000 |
| Securities available for sale | 42,704,000 | 42,025,000 | 39,369,000 | 41,815,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 189,962,000 | 183,925,000 | 182,374,000 | 177,626,000 |
| Interest-bearing deposits | 117,302,000 | 114,906,000 | 112,016,000 | 112,274,000 |
| Noninterest-bearing deposits | 72,660,000 | 69,019,000 | 70,358,000 | 65,352,000 |
| Equity capital | 15,250,000 | 15,535,000 | 14,387,000 | 17,146,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,914,000 | 3,877,000 | 5,961,000 | 8,053,000 |
| Interest expense | 203,000 | 454,000 | 761,000 | 1,087,000 |
| Net interest income | 1,711,000 | 3,423,000 | 5,200,000 | 6,966,000 |
| Noninterest income | 356,000 | 818,000 | 1,100,000 | 1,548,000 |
| Noninterest expense | 1,444,000 | 2,969,000 | 4,384,000 | 6,057,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 160,000 |
| Pretax income | 593,000 | 1,212,000 | 1,826,000 | 2,337,000 |
| Income tax | 164,000 | 350,000 | 492,000 | 364,000 |
| Net income | 429,000 | 862,000 | 1,334,000 | 1,973,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,663,000 | 21,096,000 | 21,177,000 | 21,815,000 |