Call reports 2011
FREEPORT STATE BANK — 2011
What FREEPORT STATE 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 | 83,324,000 | 84,035,000 | 86,337,000 | 88,377,000 |
| Total loans | 65,541,000 | 67,884,000 | 69,165,000 | 70,403,000 |
| Allowance for loan losses | 570,000 | 575,000 | 577,000 | 593,000 |
| Securities available for sale | 1,000 | 1,000 | 1,000 | 1,000 |
| Securities held to maturity | 8,935,000 | 8,931,000 | 8,911,000 | 8,907,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,271,000 | 72,880,000 | 75,143,000 | 77,226,000 |
| Interest-bearing deposits | 63,887,000 | 64,974,000 | 64,430,000 | 65,703,000 |
| Noninterest-bearing deposits | 8,384,000 | 7,906,000 | 10,713,000 | 11,523,000 |
| Equity capital | 7,391,000 | 7,336,000 | 7,574,000 | 7,796,000 |
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 | 1,186,000 | 2,386,000 | 3,613,000 | 4,859,000 |
| Interest expense | 193,000 | 363,000 | 518,000 | 666,000 |
| Net interest income | 993,000 | 2,023,000 | 3,095,000 | 4,193,000 |
| Noninterest income | 40,000 | 99,000 | 159,000 | 269,000 |
| Noninterest expense | 726,000 | 1,453,000 | 2,219,000 | 3,076,000 |
| Provision for loan losses | 0 | 0 | 6,000 | 20,000 |
| Pretax income | 307,000 | 669,000 | 1,029,000 | 1,366,000 |
| Income tax | 100,000 | 223,000 | 344,000 | 459,000 |
| Net income | 207,000 | 446,000 | 685,000 | 907,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,391,000 | 7,336,000 | 7,574,000 | 7,796,000 |
| Total capital | 7,961,000 | 7,911,000 | 8,151,000 | 8,389,000 |
| Risk-weighted assets | 67,907,000 | 70,363,000 | 67,620,000 | 69,266,000 |