Call reports 2006
FREEDOM BANK — 2006
What FREEDOM BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 49,333,000 | 61,406,000 | 72,675,000 | 64,263,000 |
| Total loans | 30,559,000 | 38,683,000 | 42,787,000 | 42,777,000 |
| Allowance for loan losses | 262,000 | 382,000 | 478,000 | 469,000 |
| Securities available for sale | 16,802,000 | 20,477,000 | 22,772,000 | 12,211,000 |
| Securities held to maturity | 0 | 0 | 4,202,000 | 4,847,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,536,000 | 47,567,000 | 52,083,000 | 51,114,000 |
| Interest-bearing deposits | 38,007,000 | 45,899,000 | 50,059,000 | 50,034,000 |
| Noninterest-bearing deposits | 1,529,000 | 1,668,000 | 2,024,000 | 1,080,000 |
| Equity capital | 3,074,000 | 3,956,000 | 4,877,000 | 4,959,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 665,000 | 1,617,000 | 2,783,000 | 3,953,000 |
| Interest expense | 387,000 | 989,000 | 1,732,000 | 2,513,000 |
| Net interest income | 278,000 | 628,000 | 1,051,000 | 1,440,000 |
| Noninterest income | 109,000 | 212,000 | 335,000 | 383,000 |
| Noninterest expense | 262,000 | 585,000 | 903,000 | 1,235,000 |
| Provision for loan losses | 50,000 | 179,000 | 324,000 | 324,000 |
| Pretax income | 72,000 | 73,000 | 148,000 | 304,000 |
| Income tax | 24,000 | 24,000 | 41,000 | 90,000 |
| Net income | 48,000 | 49,000 | 107,000 | 214,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,150,000 | 4,150,000 | 4,858,000 | 4,966,000 |
| Total capital | 3,412,000 | 4,532,000 | 5,336,000 | 5,435,000 |
| Risk-weighted assets | 32,444,000 | 41,556,000 | 47,052,000 | 47,513,000 |