Call reports 2014
FREEDOM BANK — 2014
What FREEDOM BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 348,085,000 | 357,788,000 | 344,520,000 | 350,325,000 |
| Total loans | 303,955,000 | 311,061,000 | 321,536,000 | 326,789,000 |
| Allowance for loan losses | 6,169,000 | 6,255,000 | 6,280,000 | 6,288,000 |
| Securities available for sale | 1,839,000 | 2,845,000 | 2,737,000 | 2,738,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 307,803,000 | 316,799,000 | 303,081,000 | 308,515,000 |
| Interest-bearing deposits | 255,010,000 | 252,498,000 | 251,658,000 | 253,402,000 |
| Noninterest-bearing deposits | 52,793,000 | 64,301,000 | 51,423,000 | 55,113,000 |
| Equity capital | 33,478,000 | 34,141,000 | 34,572,000 | 35,168,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,475,000 | 7,051,000 | 10,664,000 | 14,302,000 |
| Interest expense | 482,000 | 974,000 | 1,462,000 | 1,928,000 |
| Net interest income | 2,993,000 | 6,077,000 | 9,202,000 | 12,374,000 |
| Noninterest income | 421,000 | 1,044,000 | 1,567,000 | 2,093,000 |
| Noninterest expense | 1,406,000 | 2,871,000 | 4,359,000 | 5,818,000 |
| Provision for loan losses | 75,000 | 150,000 | 195,000 | 240,000 |
| Pretax income | 1,935,000 | 4,102,000 | 6,217,000 | 8,411,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,935,000 | 4,102,000 | 6,217,000 | 8,411,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,483,000 | 34,139,000 | 34,565,000 | 35,148,000 |
| Total capital | 37,103,000 | 37,822,000 | 38,299,000 | 38,939,000 |
| Risk-weighted assets | 287,014,000 | 292,046,000 | 296,155,000 | 300,750,000 |