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 | 226,348,000 | 223,516,000 | 238,941,000 | 244,871,000 |
| Total loans | 212,369,000 | 214,768,000 | 221,557,000 | 229,937,000 |
| Allowance for loan losses | 2,605,000 | 2,742,000 | 2,794,000 | 2,749,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,839,000 | 198,080,000 | 205,002,000 | 212,325,000 |
| Interest-bearing deposits | 175,807,000 | 175,708,000 | 182,429,000 | 188,832,000 |
| Noninterest-bearing deposits | 25,032,000 | 22,372,000 | 22,573,000 | 23,493,000 |
| Equity capital | 19,724,000 | 20,360,000 | 20,742,000 | 20,895,000 |
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 | 3,665,000 | 7,189,000 | 10,731,000 | 14,257,000 |
| Interest expense | 1,779,000 | 3,318,000 | 4,781,000 | 6,282,000 |
| Net interest income | 1,886,000 | 3,871,000 | 5,950,000 | 7,975,000 |
| Noninterest income | 335,000 | 661,000 | 959,000 | 1,267,000 |
| Noninterest expense | 1,086,000 | 2,181,000 | 3,279,000 | 4,388,000 |
| Provision for loan losses | 125,000 | 290,000 | 455,000 | 680,000 |
| Pretax income | 1,010,000 | 2,061,000 | 3,175,000 | 4,174,000 |
| Income tax | 398,000 | 813,000 | 1,250,000 | 1,644,000 |
| Net income | 612,000 | 1,248,000 | 1,925,000 | 2,530,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,724,000 | 20,360,000 | 20,742,000 | 20,895,000 |
| Total capital | 21,969,000 | 22,617,000 | 23,084,000 | 23,327,000 |
| Risk-weighted assets | 179,221,000 | 180,053,000 | 186,908,000 | 194,284,000 |
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