Call reports 2023
FREEDOM BANK — 2023
What FREEDOM BANK 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 | 152,211,000 | 172,124,000 | 184,726,000 | 196,865,000 |
| Total loans | 105,710,000 | 113,385,000 | 120,200,000 | 132,532,000 |
| Allowance for loan losses | 968,000 | 1,049,000 | 1,123,000 | 1,577,000 |
| Securities available for sale | 26,942,000 | 26,303,000 | 25,567,000 | 26,741,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 125,317,000 | 144,450,000 | 150,782,000 | 163,218,000 |
| Interest-bearing deposits | 82,256,000 | 95,090,000 | 91,267,000 | 103,600,000 |
| Noninterest-bearing deposits | 43,061,000 | 49,361,000 | 59,515,000 | 59,618,000 |
| Equity capital | 26,545,000 | 27,367,000 | 32,564,000 | 32,938,000 |
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 | 1,925,000 | 4,210,000 | 6,722,000 | 9,667,000 |
| Interest expense | 478,000 | 1,162,000 | 2,025,000 | 3,102,000 |
| Net interest income | 1,447,000 | 3,048,000 | 4,697,000 | 6,565,000 |
| Noninterest income | 120,000 | 276,000 | 6,129,000 | 6,672,000 |
| Noninterest expense | 1,169,000 | 2,554,000 | 3,416,000 | 4,879,000 |
| Provision for loan losses | 54,000 | 108,000 | 173,000 | 501,000 |
| Pretax income | 287,000 | 605,000 | 7,180,000 | 6,144,000 |
| Income tax | 36,000 | 111,000 | 1,227,000 | 1,275,000 |
| Net income | 251,000 | 494,000 | 5,953,000 | 4,869,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,116,000 | 27,049,000 | 32,235,000 | 30,474,000 |