Call reports 2020
FREEDOM BANK — 2020
What FREEDOM BANK 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 | 52,357,000 | 62,149,000 | 63,468,000 | 61,935,000 |
| Total loans | 28,491,000 | 33,056,000 | 35,230,000 | 40,240,000 |
| Allowance for loan losses | 168,000 | 198,000 | 270,000 | 360,000 |
| Securities available for sale | 11,055,000 | 11,513,000 | 9,759,000 | 10,121,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,119,000 | 53,298,000 | 54,516,000 | 52,831,000 |
| Interest-bearing deposits | 30,661,000 | 35,180,000 | 36,202,000 | 35,626,000 |
| Noninterest-bearing deposits | 13,458,000 | 18,118,000 | 18,314,000 | 17,205,000 |
| Equity capital | 8,045,000 | 8,387,000 | 8,471,000 | 8,650,000 |
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 | 597,000 | 1,386,000 | 1,956,000 | 2,649,000 |
| Interest expense | 95,000 | 178,000 | 261,000 | 336,000 |
| Net interest income | 502,000 | 1,208,000 | 1,695,000 | 2,313,000 |
| Noninterest income | 86,000 | 152,000 | 273,000 | 517,000 |
| Noninterest expense | 520,000 | 1,110,000 | 1,563,000 | 2,163,000 |
| Provision for loan losses | 37,000 | 67,000 | 138,000 | 208,000 |
| Pretax income | 82,000 | 355,000 | 440,000 | 682,000 |
| Income tax | 18,000 | 68,000 | 80,000 | 136,000 |
| Net income | 64,000 | 287,000 | 360,000 | 546,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,799,000 | 6,041,000 | 6,134,000 | 6,336,000 |
| Total capital | 5,967,000 | 6,239,000 | — | — |
| Risk-weighted assets | 36,750,000 | 43,817,000 | — | — |