Call reports 2007
FREEDOM BANK — 2007
What FREEDOM BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 68,653,000 | 75,977,000 | 76,221,000 | 77,507,000 |
| Total loans | 47,392,000 | 50,379,000 | 49,868,000 | 47,946,000 |
| Allowance for loan losses | 469,000 | 519,000 | 527,000 | 537,000 |
| Securities available for sale | 11,446,000 | 14,594,000 | 14,062,000 | 9,522,000 |
| Securities held to maturity | 5,548,000 | 5,629,000 | 5,886,000 | 5,570,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,075,000 | 64,505,000 | 66,373,000 | 67,979,000 |
| Interest-bearing deposits | 52,881,000 | 62,258,000 | 65,307,000 | 66,454,000 |
| Noninterest-bearing deposits | 1,194,000 | 2,247,000 | 1,066,000 | 1,525,000 |
| Equity capital | 5,092,000 | 5,141,000 | 5,887,000 | 5,617,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,096,000 | 2,418,000 | 3,737,000 | 5,023,000 |
| Interest expense | 720,000 | 1,518,000 | 2,391,000 | 3,231,000 |
| Net interest income | 376,000 | 900,000 | 1,346,000 | 1,792,000 |
| Noninterest income | 77,000 | 182,000 | 314,000 | 415,000 |
| Noninterest expense | 280,000 | 624,000 | 995,000 | 1,388,000 |
| Provision for loan losses | 0 | 50,000 | 59,000 | 90,000 |
| Pretax income | 173,000 | 408,000 | 613,000 | 796,000 |
| Income tax | 53,000 | 124,000 | 181,000 | 188,000 |
| Net income | 120,000 | 284,000 | 432,000 | 608,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,085,000 | 5,249,000 | 5,897,000 | 5,574,000 |
| Total capital | 5,554,000 | 5,768,000 | 6,424,000 | 6,111,000 |
| Risk-weighted assets | 51,938,000 | 57,483,000 | 58,806,000 | 58,243,000 |