Call reports 2024
FREEDOM BANK — 2024
What FREEDOM BANK 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 | 744,022,000 | 748,645,000 | 762,338,000 | 768,667,000 |
| Total loans | 642,512,000 | 662,249,000 | 670,091,000 | 667,190,000 |
| Allowance for loan losses | 4,151,000 | 4,151,000 | 4,200,000 | 4,200,000 |
| Securities available for sale | 58,000 | 56,000 | 53,000 | 23,000 |
| Securities held to maturity | 28,262,000 | 27,724,000 | 32,164,000 | 32,614,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 592,645,000 | 601,410,000 | 638,804,000 | 644,790,000 |
| Interest-bearing deposits | 519,034,000 | 528,938,000 | 562,004,000 | 566,269,000 |
| Noninterest-bearing deposits | 73,611,000 | 72,472,000 | 76,800,000 | 78,521,000 |
| Equity capital | 73,506,000 | 74,304,000 | 75,312,000 | 76,352,000 |
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 | 10,117,000 | 20,910,000 | 32,613,000 | 44,012,000 |
| Interest expense | 5,943,000 | 12,230,000 | 18,983,000 | 25,463,000 |
| Net interest income | 4,174,000 | 8,680,000 | 13,630,000 | 18,549,000 |
| Noninterest income | 165,000 | 278,000 | 419,000 | 552,000 |
| Noninterest expense | 3,562,000 | 7,184,000 | 10,757,000 | 14,120,000 |
| Provision for loan losses | 0 | 0 | 50,000 | 50,000 |
| Pretax income | 777,000 | 1,774,000 | 3,242,000 | 4,931,000 |
| Income tax | 137,000 | 339,000 | 673,000 | 1,072,000 |
| Net income | 640,000 | 1,435,000 | 2,569,000 | 3,859,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 73,506,000 | 74,303,000 | 75,312,000 | 76,352,000 |
| Total capital | 77,820,000 | 78,617,000 | 79,675,000 | 80,715,000 |
| Risk-weighted assets | 584,350,000 | 606,225,000 | 611,010,000 | 610,204,000 |