Allocated memory using malloc() not freed after calling free() call as per heap statistics

I am using mbed OS on the STM32 platform.
Compiler: ARM GCC toolchain -9-2019-q4-major)

Sample code fragment:

        print_heap_and_isr_stack_info();
        void *ptr = malloc(1000);

        print_heap_and_isr_stack_info();
        if (ptr == NULL)
        {
            tr_info("malloc failed");
        }

        free(ptr);    
        print_heap_and_isr_stack_info();

Statistics output:-

heap ( start: 00000000 end: 00000000 size: 00000000 used: 00000A5C ) alloc ( ok: 00000006 fail: 00000000 )
)
heap ( start: 00000000 end: 00000000 size: 00000000 used: 00000E44 ) alloc ( ok: 00000007 fail: 00000000 )
)
heap ( start: 00000000 end: 00000000 size: 00000000 used: 00000E44 ) alloc ( ok: 00000006 fail: 00000000 )

Before allocation - used : 00000A5C
After allocation - used: 00000E44 (correct as 1000 bytes allocated)
After calling free() - used: 00000E44 (concern).

Similar behaviour is observed in main project where dynamic allocation is used and heap statics showing full consumption of heap memory:

heap ( start: 20007B80 end: 20018000 size: 00010480 used: 0000FB74 ) alloc ( ok: 000000F7 fail: 00000000 )

And mbed os throws error:

++ MbedOS Error Info ++
Error Status: 0x8001011F Code: 287 Module: 1
Error Message: Operator new out of memory

This is no more an issue, I was using GitHub - nuket/mbed-memory-status: Print thread and ISR stack locations and sizes, and heap location and size at runtime. mbed-memory-status for printing heap statistics. The "used: " value in log shows max usage reached. (I assumed that it was current usage).