Call reports 2022
FREEDOM BANK — 2022
What FREEDOM BANK 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 | 104,128,000 | 122,024,000 | 137,510,000 | 145,647,000 |
| Total loans | 53,164,000 | 62,720,000 | 80,790,000 | 91,430,000 |
| Allowance for loan losses | 537,000 | 571,000 | 735,000 | 772,000 |
| Securities available for sale | 32,746,000 | 38,540,000 | 38,060,000 | 38,162,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 91,801,000 | 95,899,000 | 111,278,000 | 118,798,000 |
| Interest-bearing deposits | 58,753,000 | 59,017,000 | 67,471,000 | 73,379,000 |
| Noninterest-bearing deposits | 33,048,000 | 36,881,000 | 43,806,000 | 45,419,000 |
| Equity capital | 11,674,000 | 25,861,000 | 25,897,000 | 26,195,000 |
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 | 976,000 | 2,066,000 | 3,549,000 | 5,249,000 |
| Interest expense | 91,000 | 182,000 | 317,000 | 683,000 |
| Net interest income | 885,000 | 1,884,000 | 3,232,000 | 4,566,000 |
| Noninterest income | 109,000 | -131,000 | -18,000 | 100,000 |
| Noninterest expense | 828,000 | 1,712,000 | 2,624,000 | 3,822,000 |
| Provision for loan losses | 36,000 | 72,000 | 238,000 | 274,000 |
| Pretax income | 130,000 | -31,000 | 352,000 | 570,000 |
| Income tax | 1,000 | 1,000 | 44,000 | 93,000 |
| Net income | 129,000 | -32,000 | 308,000 | 477,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,923,000 | 25,397,000 | 25,698,000 | 25,892,000 |