Call reports 2020
FREEDOMBANK — 2020
What FREEDOMBANK 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 | 415,927,000 | 434,802,000 | 439,453,000 | 456,611,000 |
| Total loans | 327,860,000 | 339,322,000 | 337,569,000 | 318,360,000 |
| Allowance for loan losses | 2,804,000 | 2,933,000 | 3,270,000 | 3,690,000 |
| Securities available for sale | 36,476,000 | 40,961,000 | 58,232,000 | 68,469,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 323,552,000 | 344,209,000 | 351,542,000 | 370,667,000 |
| Interest-bearing deposits | 262,173,000 | 269,474,000 | 272,928,000 | 284,310,000 |
| Noninterest-bearing deposits | 61,379,000 | 74,735,000 | 78,614,000 | 86,357,000 |
| Equity capital | 50,825,000 | 52,402,000 | 51,688,000 | 52,616,000 |
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 | 4,845,000 | 9,697,000 | 14,672,000 | 18,605,000 |
| Interest expense | 1,035,000 | 1,905,000 | 2,712,000 | 3,433,000 |
| Net interest income | 3,810,000 | 7,792,000 | 11,960,000 | 15,172,000 |
| Noninterest income | 268,000 | 556,000 | 764,000 | 1,428,000 |
| Noninterest expense | 2,424,000 | 4,846,000 | 7,311,000 | 9,307,000 |
| Provision for loan losses | 126,000 | 555,000 | 1,011,000 | 1,403,000 |
| Pretax income | 1,528,000 | 2,947,000 | 4,402,000 | 5,890,000 |
| Income tax | 75,000 | 143,000 | 213,000 | 279,000 |
| Net income | 1,453,000 | 2,804,000 | 4,189,000 | 5,611,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,861,000 | 37,341,000 | 36,850,000 | 38,088,000 |
| Total capital | 38,665,000 | 40,274,000 | 40,120,000 | 41,778,000 |
| Risk-weighted assets | 328,536,000 | 335,938,000 | 339,047,000 | 329,642,000 |