Call reports 2020
FREEDOM BANK — 2020
What FREEDOM BANK 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 | 489,454,000 | 508,570,000 | 523,026,000 | 540,479,000 |
| Total loans | 426,785,000 | 450,372,000 | 465,203,000 | 481,794,000 |
| Allowance for loan losses | 4,951,000 | 5,050,000 | 5,140,000 | 5,237,000 |
| Securities available for sale | 183,000 | 177,000 | 166,000 | 157,000 |
| Securities held to maturity | 1,477,000 | 6,552,000 | 8,445,000 | 8,435,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 397,186,000 | 416,964,000 | 432,511,000 | 450,595,000 |
| Interest-bearing deposits | 351,067,000 | 355,830,000 | 370,700,000 | 384,268,000 |
| Noninterest-bearing deposits | 46,119,000 | 61,134,000 | 61,811,000 | 66,327,000 |
| Equity capital | 49,769,000 | 50,252,000 | 51,323,000 | 51,819,000 |
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 | 5,589,000 | 11,240,000 | 16,898,000 | 22,776,000 |
| Interest expense | 2,046,000 | 3,971,000 | 5,597,000 | 6,907,000 |
| Net interest income | 3,543,000 | 7,269,000 | 11,301,000 | 15,869,000 |
| Noninterest income | 154,000 | 252,000 | 443,000 | 607,000 |
| Noninterest expense | 2,753,000 | 5,398,000 | 8,103,000 | 10,870,000 |
| Provision for loan losses | 30,000 | 120,000 | 210,000 | 300,000 |
| Pretax income | 914,000 | 2,003,000 | 3,431,000 | 5,306,000 |
| Income tax | 252,000 | 554,000 | 951,000 | 1,438,000 |
| Net income | 662,000 | 1,449,000 | 2,480,000 | 3,868,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,733,000 | 50,215,000 | 51,288,000 | 51,784,000 |
| Total capital | 54,684,000 | 55,265,000 | 56,428,000 | 57,021,000 |
| Risk-weighted assets | 399,870,000 | 409,058,000 | 420,520,000 | 451,140,000 |