Call reports 2023
FREEDOMBANK — 2023
What FREEDOMBANK 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 | 434,811,000 | 436,484,000 | 423,139,000 | 430,711,000 |
| Total loans | 296,340,000 | 301,119,000 | 306,825,000 | 314,224,000 |
| Allowance for loan losses | 3,268,000 | 3,390,000 | 3,394,000 | 3,367,000 |
| Securities available for sale | 90,431,000 | 87,482,000 | 82,446,000 | 84,857,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 370,591,000 | 370,630,000 | 360,527,000 | 361,620,000 |
| Interest-bearing deposits | 279,882,000 | 284,312,000 | 274,826,000 | 266,088,000 |
| Noninterest-bearing deposits | 90,709,000 | 86,318,000 | 85,701,000 | 95,532,000 |
| Equity capital | 39,561,000 | 40,659,000 | 38,822,000 | 39,242,000 |
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 | 3,958,000 | 8,242,000 | 12,706,000 | 17,200,000 |
| Interest expense | 758,000 | 1,964,000 | 3,520,000 | 5,246,000 |
| Net interest income | 3,200,000 | 6,278,000 | 9,186,000 | 11,954,000 |
| Noninterest income | 321,000 | 615,000 | 899,000 | 1,307,000 |
| Noninterest expense | 2,611,000 | 4,886,000 | 7,296,000 | 9,504,000 |
| Provision for loan losses | -1,100,000 | -4,000,000 | -4,000,000 | -4,000,000 |
| Pretax income | 2,020,000 | 6,036,000 | 6,834,000 | 7,813,000 |
| Income tax | 93,000 | 281,000 | 319,000 | 363,000 |
| Net income | 1,927,000 | 5,755,000 | 6,515,000 | 7,450,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,356,000 | 43,232,000 | 44,032,000 | 40,501,000 |
| Total capital | 44,624,000 | 46,622,000 | 47,426,000 | 43,868,000 |
| Risk-weighted assets | 302,140,000 | 296,879,000 | 292,566,000 | 307,364,000 |