Call reports 2024
FREEDOMBANK — 2024
What FREEDOMBANK 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 | 450,917,000 | 429,249,000 | 427,168,000 | 437,113,000 |
| Total loans | 312,478,000 | 308,405,000 | 304,562,000 | 306,983,000 |
| Allowance for loan losses | 3,457,000 | 3,489,000 | 3,489,000 | 3,488,000 |
| Securities available for sale | 82,471,000 | 80,726,000 | 81,723,000 | 77,702,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 388,784,000 | 365,402,000 | 365,810,000 | 378,723,000 |
| Interest-bearing deposits | 300,037,000 | 281,626,000 | 280,425,000 | 286,180,000 |
| Noninterest-bearing deposits | 88,747,000 | 83,776,000 | 85,385,000 | 92,543,000 |
| Equity capital | 39,334,000 | 40,502,000 | 43,580,000 | 40,652,000 |
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 | 4,716,000 | 9,877,000 | 14,782,000 | 19,879,000 |
| Interest expense | 2,044,000 | 4,195,000 | 6,307,000 | 8,443,000 |
| Net interest income | 2,672,000 | 5,682,000 | 8,475,000 | 11,436,000 |
| Noninterest income | 309,000 | 643,000 | 925,000 | 1,220,000 |
| Noninterest expense | 2,269,000 | 4,499,000 | 6,826,000 | 8,959,000 |
| Provision for loan losses | 75,000 | 100,000 | 100,000 | 100,000 |
| Pretax income | 649,000 | 1,717,000 | 2,480,000 | 3,623,000 |
| Income tax | 29,000 | 74,000 | 107,000 | 156,000 |
| Net income | 620,000 | 1,643,000 | 2,373,000 | 3,467,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,149,000 | 42,191,000 | 42,186,000 | 41,288,000 |
| Total capital | 44,606,000 | 45,680,000 | 45,675,000 | 44,776,000 |
| Risk-weighted assets | 311,520,000 | 303,740,000 | 301,018,000 | 302,753,000 |