Call reports 2003
FREEDOM BANK — 2003
What FREEDOM BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 16,063,000 | 17,435,000 | 19,936,000 | 22,369,000 |
| Total loans | 8,396,000 | 8,982,000 | 10,718,000 | 13,676,000 |
| Allowance for loan losses | 305,000 | 315,000 | 324,000 | 346,000 |
| Securities available for sale | 6,117,000 | 6,464,000 | 6,856,000 | 7,850,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 13,710,000 | 14,994,000 | 17,446,000 | 19,436,000 |
| Interest-bearing deposits | 13,011,000 | 13,872,000 | 16,639,000 | 18,361,000 |
| Noninterest-bearing deposits | 699,000 | 1,122,000 | 807,000 | 1,075,000 |
| Equity capital | 2,302,000 | 2,356,000 | 2,380,000 | 2,444,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 185,000 | 416,000 | 607,000 | 853,000 |
| Interest expense | 67,000 | 147,000 | 238,000 | 337,000 |
| Net interest income | 118,000 | 269,000 | 369,000 | 516,000 |
| Noninterest income | 9,000 | 15,000 | 21,000 | 30,000 |
| Noninterest expense | 57,000 | 123,000 | 184,000 | 242,000 |
| Provision for loan losses | 9,000 | 15,000 | 21,000 | 28,000 |
| Pretax income | 65,000 | 130,000 | 189,000 | 280,000 |
| Income tax | 19,000 | 38,000 | 55,000 | 83,000 |
| Net income | 46,000 | 92,000 | 134,000 | 197,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,295,000 | 2,341,000 | 2,383,000 | 2,446,000 |
| Total capital | 2,404,000 | 2,460,000 | 2,527,000 | 2,631,000 |
| Risk-weighted assets | 8,556,000 | 9,301,000 | 11,330,000 | 14,666,000 |