Call reports 2021
FREEDOM BANK — 2021
What FREEDOM BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 566,942,000 | 611,111,000 | 612,279,000 | 609,961,000 |
| Total loans | 497,800,000 | 501,950,000 | 506,272,000 | 508,999,000 |
| Allowance for loan losses | 5,390,000 | 5,544,000 | 5,698,000 | 5,702,000 |
| Securities available for sale | 150,000 | 143,000 | 137,000 | 131,000 |
| Securities held to maturity | 7,723,000 | 8,712,000 | 27,702,000 | 28,623,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 475,867,000 | 517,332,000 | 517,523,000 | 515,207,000 |
| Interest-bearing deposits | 400,535,000 | 441,453,000 | 438,903,000 | 435,268,000 |
| Noninterest-bearing deposits | 75,332,000 | 75,879,000 | 78,620,000 | 79,939,000 |
| Equity capital | 53,508,000 | 57,803,000 | 59,595,000 | 60,361,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 6,069,000 | 12,239,000 | 18,411,000 | 24,789,000 |
| Interest expense | 1,024,000 | 1,982,000 | 2,861,000 | 3,639,000 |
| Net interest income | 5,045,000 | 10,257,000 | 15,550,000 | 21,150,000 |
| Noninterest income | 166,000 | 378,000 | 562,000 | 773,000 |
| Noninterest expense | 2,809,000 | 5,778,000 | 8,697,000 | 11,709,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 450,000 |
| Pretax income | 2,252,000 | 4,557,000 | 6,965,000 | 9,764,000 |
| Income tax | 605,000 | 1,230,000 | 1,888,000 | 2,549,000 |
| Net income | 1,647,000 | 3,327,000 | 5,077,000 | 7,215,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,473,000 | 57,768,000 | 59,561,000 | 60,327,000 |
| Total capital | 58,814,000 | 63,312,000 | 65,259,000 | 66,029,000 |
| Risk-weighted assets | 427,268,000 | 457,258,000 | 461,585,000 | 470,375,000 |