Call reports 2008
AMERICAN BANK OF FREEDOM — 2008
What AMERICAN BANK OF FREEDOM 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 | 84,446,000 | 97,547,000 | 105,802,000 | 113,258,000 |
| Total loans | 69,254,000 | 78,933,000 | 86,721,000 | 85,869,000 |
| Allowance for loan losses | 1,062,000 | 653,000 | 748,000 | 1,238,000 |
| Securities available for sale | 2,262,000 | 3,250,000 | 3,286,000 | 8,118,000 |
| Securities held to maturity | 116,000 | 116,000 | 116,000 | 116,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,018,000 | 77,083,000 | 81,550,000 | 86,972,000 |
| Interest-bearing deposits | 57,773,000 | 71,193,000 | 76,627,000 | 80,898,000 |
| Noninterest-bearing deposits | 4,245,000 | 5,890,000 | 4,923,000 | 6,074,000 |
| Equity capital | 14,026,000 | 14,001,000 | 14,761,000 | 15,811,000 |
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 | 1,254,000 | 2,523,000 | 3,937,000 | 5,428,000 |
| Interest expense | 540,000 | 1,151,000 | 1,801,000 | 2,537,000 |
| Net interest income | 714,000 | 1,372,000 | 2,136,000 | 2,891,000 |
| Noninterest income | 155,000 | 238,000 | 360,000 | 867,000 |
| Noninterest expense | 722,000 | 1,466,000 | 2,252,000 | 3,041,000 |
| Provision for loan losses | 0 | 0 | 90,000 | 590,000 |
| Pretax income | 147,000 | 144,000 | 154,000 | 127,000 |
| Income tax | 0 | 0 | 0 | 17,000 |
| Net income | 147,000 | 144,000 | 154,000 | 110,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,624,000 | 9,644,000 | 10,434,000 | 11,419,000 |
| Total capital | 10,604,000 | 10,297,000 | 11,182,000 | 12,657,000 |
| Risk-weighted assets | 78,316,000 | 88,621,000 | 98,081,000 | 98,819,000 |