Call reports 2011
FREEDOM BANK — 2011
What FREEDOM BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 278,841,000 | 288,688,000 | 302,017,000 | 310,478,000 |
| Total loans | 246,424,000 | 257,582,000 | 271,908,000 | 274,379,000 |
| Allowance for loan losses | 4,686,000 | 4,880,000 | 5,044,000 | 5,194,000 |
| Securities available for sale | 5,420,000 | 5,801,000 | 5,785,000 | 5,751,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 247,438,000 | 254,135,000 | 263,354,000 | 273,165,000 |
| Interest-bearing deposits | 214,772,000 | 221,302,000 | 225,679,000 | 236,664,000 |
| Noninterest-bearing deposits | 32,666,000 | 32,833,000 | 37,675,000 | 36,501,000 |
| Equity capital | 25,953,000 | 26,744,000 | 27,729,000 | 27,698,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 3,391,000 | 6,849,000 | 10,494,000 | 14,139,000 |
| Interest expense | 835,000 | 1,597,000 | 2,385,000 | 3,160,000 |
| Net interest income | 2,556,000 | 5,252,000 | 8,109,000 | 10,979,000 |
| Noninterest income | 280,000 | 572,000 | 924,000 | 1,451,000 |
| Noninterest expense | 1,248,000 | 2,546,000 | 3,751,000 | 5,029,000 |
| Provision for loan losses | 225,000 | 450,000 | 675,000 | 900,000 |
| Pretax income | 1,363,000 | 2,828,000 | 4,607,000 | 6,501,000 |
| Income tax | 540,000 | 1,120,000 | 1,824,000 | 3,761,000 |
| Net income | 823,000 | 1,708,000 | 2,783,000 | 2,740,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,953,000 | 26,730,000 | 27,705,000 | 27,662,000 |
| Total capital | 28,672,000 | 29,508,000 | 30,618,000 | 30,671,000 |
| Risk-weighted assets | 215,559,000 | 220,117,000 | 230,899,000 | 238,540,000 |