Call reports 2004
FREEDOM BANK — 2004
What FREEDOM BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 31,505,000 | 33,302,000 | 32,965,000 | 32,734,000 |
| Total loans | 20,987,000 | 21,173,000 | 19,966,000 | 19,140,000 |
| Allowance for loan losses | 350,000 | 331,000 | 339,000 | 346,000 |
| Securities available for sale | 9,663,000 | 10,538,000 | 11,691,000 | 12,442,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 28,760,000 | 30,516,000 | 30,010,000 | 29,690,000 |
| Interest-bearing deposits | 27,980,000 | 29,376,000 | 29,027,000 | 28,385,000 |
| Noninterest-bearing deposits | 780,000 | 1,140,000 | 983,000 | 1,305,000 |
| Equity capital | 2,569,000 | 2,578,000 | 2,693,000 | 2,735,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 318,000 | 717,000 | 1,132,000 | 1,551,000 |
| Interest expense | 117,000 | 262,000 | 413,000 | 567,000 |
| Net interest income | 201,000 | 455,000 | 719,000 | 984,000 |
| Noninterest income | 6,000 | 10,000 | 15,000 | 17,000 |
| Noninterest expense | 53,000 | 111,000 | 172,000 | 229,000 |
| Provision for loan losses | 12,000 | 25,000 | 40,000 | 55,000 |
| Pretax income | 142,000 | 329,000 | 522,000 | 717,000 |
| Income tax | 44,000 | 105,000 | 171,000 | 236,000 |
| Net income | 98,000 | 224,000 | 351,000 | 481,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,544,000 | 2,670,000 | 2,697,000 | 2,757,000 |
| Total capital | 2,804,000 | 2,936,000 | 2,957,000 | 2,989,000 |
| Risk-weighted assets | 20,734,000 | 21,214,000 | 20,718,000 | 18,485,000 |