Call reports 2022
FREEDOM BANK — 2022
What FREEDOM BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 615,699,000 | 654,248,000 | 635,351,000 | 651,718,000 |
| Total loans | 519,548,000 | 551,533,000 | 564,153,000 | 591,179,000 |
| Allowance for loan losses | 5,730,000 | 5,733,000 | 5,736,000 | 5,427,000 |
| Securities available for sale | 123,000 | 69,000 | 68,000 | 66,000 |
| Securities held to maturity | 39,558,000 | 35,969,000 | 35,408,000 | 35,223,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 519,273,000 | 557,294,000 | 536,867,000 | 538,429,000 |
| Interest-bearing deposits | 439,303,000 | 463,682,000 | 450,839,000 | 452,354,000 |
| Noninterest-bearing deposits | 79,970,000 | 93,612,000 | 86,028,000 | 86,075,000 |
| Equity capital | 62,531,000 | 64,727,000 | 67,078,000 | 68,920,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 6,559,000 | 13,469,000 | 20,802,000 | 28,751,000 |
| Interest expense | 701,000 | 1,431,000 | 2,589,000 | 4,804,000 |
| Net interest income | 5,858,000 | 12,038,000 | 18,213,000 | 23,947,000 |
| Noninterest income | 125,000 | 247,000 | 388,000 | 512,000 |
| Noninterest expense | 3,045,000 | 6,110,000 | 9,257,000 | 12,664,000 |
| Provision for loan losses | 25,000 | 25,000 | 25,000 | -275,000 |
| Pretax income | 2,913,000 | 6,150,000 | 9,319,000 | 12,070,000 |
| Income tax | 780,000 | 1,475,000 | 2,336,000 | 3,089,000 |
| Net income | 2,133,000 | 4,675,000 | 6,983,000 | 8,981,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 62,500,000 | 64,697,000 | 67,047,000 | 68,888,000 |
| Total capital | 68,230,000 | 70,430,000 | 72,783,000 | 74,315,000 |
| Risk-weighted assets | 483,084,000 | 517,823,000 | 532,448,000 | 544,352,000 |