Call reports 2023
FREEDOM BANK — 2023
What FREEDOM BANK 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 | 674,365,000 | 671,840,000 | 683,230,000 | 707,349,000 |
| Total loans | 596,328,000 | 602,275,000 | 616,681,000 | 636,919,000 |
| Allowance for loan losses | 4,022,000 | 4,026,000 | 4,026,000 | 4,151,000 |
| Securities available for sale | 65,000 | 62,000 | 60,000 | 60,000 |
| Securities held to maturity | 35,292,000 | 34,802,000 | 29,209,000 | 28,732,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 538,279,000 | 532,409,000 | 542,290,000 | 554,979,000 |
| Interest-bearing deposits | 460,711,000 | 451,148,000 | 465,308,000 | 479,073,000 |
| Noninterest-bearing deposits | 77,568,000 | 81,261,000 | 76,982,000 | 75,906,000 |
| Equity capital | 71,271,000 | 72,280,000 | 73,410,000 | 74,236,000 |
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 | 8,331,000 | 17,208,000 | 26,548,000 | 36,444,000 |
| Interest expense | 3,130,000 | 6,934,000 | 11,289,000 | 16,439,000 |
| Net interest income | 5,201,000 | 10,274,000 | 15,259,000 | 20,005,000 |
| Noninterest income | 117,000 | 253,000 | 384,000 | 510,000 |
| Noninterest expense | 3,444,000 | 6,841,000 | 10,170,000 | 13,477,000 |
| Provision for loan losses | 0 | 0 | 0 | 125,000 |
| Pretax income | 1,874,000 | 3,686,000 | 5,473,000 | 6,913,000 |
| Income tax | 460,000 | 900,000 | 1,332,000 | 1,680,000 |
| Net income | 1,414,000 | 2,786,000 | 4,141,000 | 5,233,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 71,239,000 | 72,280,000 | 73,410,000 | 74,236,000 |
| Total capital | 75,262,000 | 76,444,000 | 77,574,000 | 78,550,000 |
| Risk-weighted assets | 542,363,000 | 551,693,000 | 562,018,000 | 576,457,000 |