Call reports 2008
FREEDOM BANK — 2008
What FREEDOM BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 47,013,000 | 57,086,000 | 66,829,000 | 69,282,000 |
| Total loans | 34,918,000 | 40,778,000 | 48,781,000 | 53,306,000 |
| Allowance for loan losses | 440,000 | 480,000 | 551,000 | 609,000 |
| Securities available for sale | 4,607,000 | 10,856,000 | 13,246,000 | 10,284,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,933,000 | 43,954,000 | 46,307,000 | 56,638,000 |
| Interest-bearing deposits | 35,895,000 | 40,518,000 | 43,820,000 | 53,017,000 |
| Noninterest-bearing deposits | 3,039,000 | 3,437,000 | 2,487,000 | 3,621,000 |
| Equity capital | 7,318,000 | 7,140,000 | 7,128,000 | 7,199,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 709,000 | 1,442,000 | 2,338,000 | 3,269,000 |
| Interest expense | 352,000 | 699,000 | 1,146,000 | 1,589,000 |
| Net interest income | 357,000 | 743,000 | 1,192,000 | 1,680,000 |
| Noninterest income | 11,000 | 28,000 | 40,000 | 56,000 |
| Noninterest expense | 403,000 | 868,000 | 1,340,000 | 1,849,000 |
| Provision for loan losses | 10,000 | 51,000 | 121,000 | 179,000 |
| Pretax income | -45,000 | -148,000 | -194,000 | -202,000 |
| Income tax | -7,000 | -22,000 | -29,000 | -32,000 |
| Net income | -38,000 | -126,000 | -165,000 | -170,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,086,000 | 6,988,000 | 6,999,000 | 6,998,000 |
| Total capital | 7,526,000 | 7,469,000 | 7,550,000 | 7,607,000 |
| Risk-weighted assets | 39,516,000 | 45,671,000 | 53,947,000 | 59,438,000 |
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