Call reports 2020
FREEDOM NATIONAL BANK — 2020
What FREEDOM NATIONAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 |
|---|---|---|
| Total assets | 126,285,000 | 144,213,000 |
| Total loans | 108,843,000 | 127,704,000 |
| Allowance for loan losses | 1,079,000 | 1,299,000 |
| Securities available for sale | 9,386,000 | 9,430,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 106,187,000 | 121,898,000 |
| Interest-bearing deposits | 75,129,000 | 79,945,000 |
| Noninterest-bearing deposits | 31,058,000 | 41,953,000 |
| Equity capital | 12,623,000 | 12,538,000 |
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 |
|---|---|---|
| Interest income | 1,392,000 | 2,810,000 |
| Interest expense | 306,000 | 562,000 |
| Net interest income | 1,086,000 | 2,248,000 |
| Noninterest income | -11,000 | 45,000 |
| Noninterest expense | 1,062,000 | 2,122,000 |
| Provision for loan losses | 24,000 | 229,000 |
| Pretax income | -11,000 | -58,000 |
| Income tax | -8,000 | -27,000 |
| Net income | -3,000 | -31,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 |
|---|---|---|
| Tier 1 capital | 12,759,000 | 12,731,000 |