Call reports 2024
FREEDOM BANK — 2024
What FREEDOM BANK 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 | 226,362,000 | 232,846,000 | 243,016,000 | 262,591,000 |
| Total loans | 142,326,000 | 148,669,000 | 159,513,000 | 157,177,000 |
| Allowance for loan losses | 1,634,000 | 1,692,000 | 1,746,000 | 1,800,000 |
| Securities available for sale | 26,627,000 | 26,558,000 | 29,779,000 | 32,694,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 177,256,000 | 183,085,000 | 192,363,000 | 210,042,000 |
| Interest-bearing deposits | 134,516,000 | 138,119,000 | 145,383,000 | 159,680,000 |
| Noninterest-bearing deposits | 42,740,000 | 44,966,000 | 46,980,000 | 50,362,000 |
| Equity capital | 33,278,000 | 33,808,000 | 34,563,000 | 35,664,000 |
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 | 3,473,000 | 7,318,000 | 11,328,000 | 15,474,000 |
| Interest expense | 1,353,000 | 2,946,000 | 4,684,000 | 6,434,000 |
| Net interest income | 2,120,000 | 4,372,000 | 6,644,000 | 9,040,000 |
| Noninterest income | 161,000 | 357,000 | 566,000 | 992,000 |
| Noninterest expense | 1,557,000 | 3,228,000 | 4,889,000 | 6,633,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 664,000 | 1,381,000 | 2,248,000 | 3,265,000 |
| Income tax | 136,000 | 283,000 | 463,000 | 350,000 |
| Net income | 528,000 | 1,098,000 | 1,785,000 | 2,915,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,053,000 | 32,237,000 | 32,875,000 | 33,940,000 |