Call reports 2024
FREEDOM BANK, INC. — 2024
What FREEDOM BANK, INC. reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 204,301,000 | 213,225,000 | 210,367,000 | 202,414,000 |
| Total loans | 138,196,000 | 134,791,000 | 133,097,000 | 131,731,000 |
| Allowance for loan losses | 1,776,000 | 1,802,000 | 1,784,000 | 1,684,000 |
| Securities available for sale | 42,029,000 | 41,608,000 | 42,456,000 | 40,491,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 177,899,000 | 188,149,000 | 183,523,000 | 182,043,000 |
| Interest-bearing deposits | 110,834,000 | 116,456,000 | 115,042,000 | 114,739,000 |
| Noninterest-bearing deposits | 67,065,000 | 71,693,000 | 68,481,000 | 67,304,000 |
| Equity capital | 17,321,000 | 17,069,000 | 18,505,000 | 18,009,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 2,078,000 | 4,313,000 | 6,596,000 | 8,977,000 |
| Interest expense | 350,000 | 770,000 | 1,201,000 | 1,595,000 |
| Net interest income | 1,728,000 | 3,543,000 | 5,395,000 | 7,382,000 |
| Noninterest income | 336,000 | 674,000 | 1,078,000 | 1,511,000 |
| Noninterest expense | 1,477,000 | 3,050,000 | 4,656,000 | 6,214,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 220,000 |
| Pretax income | 560,000 | 1,110,000 | 1,730,000 | 2,462,000 |
| Income tax | 85,000 | 169,000 | 305,000 | 437,000 |
| Net income | 475,000 | 941,000 | 1,425,000 | 2,025,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,291,000 | 22,007,000 | 22,491,000 | 23,481,000 |