Call reports 2008
FREEDOM BANK — 2008
What FREEDOM BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 83,909,000 | 84,447,000 | 87,093,000 | 89,206,000 |
| Total loans | 54,534,000 | 52,841,000 | 50,928,000 | 52,140,000 |
| Allowance for loan losses | 539,000 | 565,000 | 664,000 | 835,000 |
| Securities available for sale | 13,160,000 | 8,596,000 | 11,786,000 | 9,185,000 |
| Securities held to maturity | 8,929,000 | 16,066,000 | 15,447,000 | 14,931,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,128,000 | 76,680,000 | 75,960,000 | 78,951,000 |
| Interest-bearing deposits | 73,629,000 | 74,979,000 | 73,252,000 | 77,317,000 |
| Noninterest-bearing deposits | 1,499,000 | 1,701,000 | 2,708,000 | 1,634,000 |
| Equity capital | 6,289,000 | 6,213,000 | 6,262,000 | 6,316,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,235,000 | 2,442,000 | 3,705,000 | 4,869,000 |
| Interest expense | 794,000 | 1,524,000 | 2,221,000 | 2,908,000 |
| Net interest income | 441,000 | 918,000 | 1,484,000 | 1,961,000 |
| Noninterest income | 20,000 | 56,000 | 87,000 | 188,000 |
| Noninterest expense | 546,000 | 998,000 | 1,463,000 | 1,959,000 |
| Provision for loan losses | 3,000 | 63,000 | 237,000 | 408,000 |
| Pretax income | -88,000 | -21,000 | -23,000 | -10,000 |
| Income tax | -43,000 | -32,000 | -35,000 | -57,000 |
| Net income | -45,000 | 11,000 | 12,000 | 47,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,128,000 | 6,185,000 | 6,186,000 | 6,221,000 |
| Total capital | 6,667,000 | 6,750,000 | 6,850,000 | 7,056,000 |
| Risk-weighted assets | 64,493,000 | 63,915,000 | 63,244,000 | 85,689,000 |