Call reports 2016
FIRST FREEDOM BANK — 2016
What FIRST FREEDOM BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 340,894,000 | 430,118,000 | 434,791,000 | 420,812,000 |
| Total loans | 281,654,000 | 316,112,000 | 310,918,000 | 326,324,000 |
| Allowance for loan losses | 3,889,000 | 4,204,000 | 4,258,000 | 4,194,000 |
| Securities available for sale | 1,986,000 | 1,000,000 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 287,312,000 | 371,040,000 | 369,752,000 | 357,802,000 |
| Interest-bearing deposits | 262,221,000 | 325,525,000 | 316,655,000 | 312,300,000 |
| Noninterest-bearing deposits | 25,091,000 | 45,515,000 | 53,097,000 | 45,503,000 |
| Equity capital | 35,366,000 | 40,457,000 | 41,147,000 | 42,052,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 3,653,000 | 7,672,000 | 11,966,000 | 16,062,000 |
| Interest expense | 539,000 | 1,150,000 | 1,784,000 | 2,399,000 |
| Net interest income | 3,114,000 | 6,522,000 | 10,182,000 | 13,663,000 |
| Noninterest income | 342,000 | 906,000 | 1,441,000 | 1,997,000 |
| Noninterest expense | 2,130,000 | 5,171,000 | 7,827,000 | 10,465,000 |
| Provision for loan losses | 323,000 | 528,000 | 669,000 | 669,000 |
| Pretax income | 1,003,000 | 1,729,000 | 3,127,000 | 4,526,000 |
| Income tax | 356,000 | 614,000 | 1,111,000 | 1,608,000 |
| Net income | 647,000 | 1,115,000 | 2,016,000 | 2,918,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,375,000 | 38,686,000 | 39,412,000 | 40,344,000 |
| Total capital | 39,264,000 | 42,890,000 | 43,670,000 | 44,538,000 |
| Risk-weighted assets | 320,511,000 | 371,257,000 | 366,793,000 | 379,727,000 |