Call reports 2007
FREEDOM BANK — 2007
What FREEDOM BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 25,342,000 | 28,887,000 | 42,171,000 | 44,731,000 |
| Total loans | 12,985,000 | 20,215,000 | 26,958,000 | 31,096,000 |
| Allowance for loan losses | 165,000 | 259,000 | 349,000 | 430,000 |
| Securities available for sale | 3,670,000 | 3,466,000 | 7,647,000 | 6,240,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 17,517,000 | 21,279,000 | 34,582,000 | 36,307,000 |
| Interest-bearing deposits | 16,556,000 | 19,122,000 | 31,699,000 | 33,843,000 |
| Noninterest-bearing deposits | 961,000 | 2,157,000 | 2,884,000 | 2,465,000 |
| Equity capital | 7,614,000 | 7,461,000 | 7,374,000 | 7,327,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 351,000 | 796,000 | 1,400,000 | 2,110,000 |
| Interest expense | 174,000 | 386,000 | 721,000 | 1,131,000 |
| Net interest income | 177,000 | 410,000 | 679,000 | 979,000 |
| Noninterest income | 9,000 | 15,000 | 26,000 | 37,000 |
| Noninterest expense | 316,000 | 646,000 | 966,000 | 1,265,000 |
| Provision for loan losses | 73,000 | 166,000 | 256,000 | 338,000 |
| Pretax income | -203,000 | -387,000 | -517,000 | -587,000 |
| Income tax | -30,000 | -59,000 | -78,000 | -88,000 |
| Net income | -173,000 | -328,000 | -439,000 | -499,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,485,000 | 7,306,000 | 7,184,000 | 7,122,000 |
| Total capital | 7,650,000 | 7,565,000 | 7,533,000 | 7,550,000 |
| Risk-weighted assets | 15,091,000 | 21,639,000 | 29,778,000 | 33,518,000 |
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