Call reports 2010
FREEPORT STATE BANK — 2010
What FREEPORT STATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 78,418,000 | 80,999,000 | 81,933,000 | 84,972,000 |
| Total loans | 62,084,000 | 64,148,000 | 65,029,000 | 65,190,000 |
| Allowance for loan losses | 553,000 | 562,000 | 565,000 | 568,000 |
| Securities available for sale | 2,000 | 2,000 | 2,000 | 1,000 |
| Securities held to maturity | 7,270,000 | 8,506,000 | 8,828,000 | 9,082,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,655,000 | 70,119,000 | 70,121,000 | 73,735,000 |
| Interest-bearing deposits | 59,761,000 | 61,707,000 | 62,230,000 | 64,906,000 |
| Noninterest-bearing deposits | 7,894,000 | 8,412,000 | 7,891,000 | 8,829,000 |
| Equity capital | 6,734,000 | 6,761,000 | 6,974,000 | 7,184,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,194,000 | 2,393,000 | 3,617,000 | 4,835,000 |
| Interest expense | 266,000 | 525,000 | 781,000 | 1,000,000 |
| Net interest income | 928,000 | 1,868,000 | 2,836,000 | 3,835,000 |
| Noninterest income | 69,000 | 155,000 | 225,000 | 293,000 |
| Noninterest expense | 691,000 | 1,368,000 | 2,084,000 | 2,830,000 |
| Provision for loan losses | 0 | 0 | 5,000 | 19,000 |
| Pretax income | 306,000 | 655,000 | 972,000 | 1,279,000 |
| Income tax | 104,000 | 223,000 | 327,000 | 424,000 |
| Net income | 202,000 | 432,000 | 645,000 | 855,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,734,000 | 6,761,000 | 6,974,000 | 7,184,000 |
| Total capital | 7,287,000 | 7,323,000 | 7,539,000 | 7,752,000 |
| Risk-weighted assets | 64,187,000 | 66,376,000 | 66,965,000 | 67,810,000 |