Call reports 2009
FREEDOM BANK — 2009
What FREEDOM BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 88,335,000 | 86,151,000 | 81,654,000 | 79,009,000 |
| Total loans | 53,415,000 | 47,024,000 | 53,986,000 | 50,401,000 |
| Allowance for loan losses | 822,000 | 822,000 | 779,000 | 722,000 |
| Securities available for sale | 12,425,000 | 19,338,000 | 12,234,000 | 13,544,000 |
| Securities held to maturity | 13,907,000 | 10,287,000 | 7,800,000 | 6,595,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,882,000 | 73,591,000 | 69,035,000 | 64,620,000 |
| Interest-bearing deposits | 73,806,000 | 72,207,000 | 67,803,000 | 63,081,000 |
| Noninterest-bearing deposits | 3,076,000 | 1,384,000 | 1,232,000 | 1,539,000 |
| Equity capital | 6,522,000 | 6,122,000 | 6,273,000 | 6,530,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,143,000 | 2,202,000 | 3,201,000 | 4,304,000 |
| Interest expense | 605,000 | 1,165,000 | 1,633,000 | 2,024,000 |
| Net interest income | 538,000 | 1,037,000 | 1,568,000 | 2,280,000 |
| Noninterest income | 41,000 | 89,000 | 139,000 | 241,000 |
| Noninterest expense | 492,000 | 995,000 | 1,626,000 | 2,177,000 |
| Provision for loan losses | 35,000 | 35,000 | 35,000 | 35,000 |
| Pretax income | 432,000 | -821,000 | -739,000 | -370,000 |
| Income tax | 134,000 | -321,000 | -289,000 | -168,000 |
| Net income | 298,000 | -500,000 | -450,000 | -202,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,519,000 | 6,120,000 | 6,171,000 | 6,455,000 |
| Total capital | 7,341,000 | 6,817,000 | 6,941,000 | 7,173,000 |
| Risk-weighted assets | 85,212,000 | 55,688,000 | 61,585,000 | 57,404,000 |