Call reports 2021
FREEDOM BANK — 2021
What FREEDOM BANK 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 | 75,172,000 | 81,607,000 | 89,055,000 | 94,849,000 |
| Total loans | 47,255,000 | 48,353,000 | 51,602,000 | 51,469,000 |
| Allowance for loan losses | 410,000 | 440,000 | 471,000 | 501,000 |
| Securities available for sale | 5,702,000 | 5,198,000 | 14,388,000 | 19,126,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,860,000 | 72,291,000 | 78,011,000 | 84,005,000 |
| Interest-bearing deposits | 40,709,000 | 46,330,000 | 49,162,000 | 53,040,000 |
| Noninterest-bearing deposits | 25,151,000 | 25,961,000 | 28,849,000 | 30,965,000 |
| Equity capital | 8,777,000 | 8,689,000 | 10,180,000 | 10,012,000 |
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 | 987,000 | 1,754,000 | 2,629,000 | 3,578,000 |
| Interest expense | 67,000 | 146,000 | 240,000 | 330,000 |
| Net interest income | 920,000 | 1,608,000 | 2,389,000 | 3,248,000 |
| Noninterest income | 91,000 | 201,000 | 2,113,000 | 2,207,000 |
| Noninterest expense | 691,000 | 1,420,000 | 2,145,000 | 3,041,000 |
| Provision for loan losses | 50,000 | 80,000 | 110,000 | 140,000 |
| Pretax income | 276,000 | 316,000 | 2,254,000 | 2,281,000 |
| Income tax | 56,000 | 61,000 | 456,000 | 462,000 |
| Net income | 220,000 | 255,000 | 1,798,000 | 1,819,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,540,000 | 6,456,000 | 7,945,000 | 7,930,000 |