Call reports 2020
FREEDOM BANK — 2020
What FREEDOM 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 | 338,918,000 | 392,205,000 |
| Total loans | 259,792,000 | 311,683,000 |
| Allowance for loan losses | 3,049,000 | 3,349,000 |
| Securities available for sale | 5,157,000 | 5,197,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 307,022,000 | 358,858,000 |
| Interest-bearing deposits | 191,264,000 | 209,671,000 |
| Noninterest-bearing deposits | 115,758,000 | 149,187,000 |
| Equity capital | 30,549,000 | 31,547,000 |
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 | 3,838,000 | 7,480,000 |
| Interest expense | 641,000 | 1,125,000 |
| Net interest income | 3,197,000 | 6,355,000 |
| Noninterest income | 1,295,000 | 1,498,000 |
| Noninterest expense | 2,666,000 | 4,552,000 |
| Provision for loan losses | 75,000 | 375,000 |
| Pretax income | 1,751,000 | 2,926,000 |
| Income tax | 423,000 | 663,000 |
| Net income | 1,328,000 | 2,263,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 |
|---|---|---|
| Tier 1 capital | 30,533,000 | 31,480,000 |
| Total capital | 33,582,000 | 34,829,000 |
| Risk-weighted assets | 290,411,000 | 289,553,000 |