Call reports 2010
FREEDOM BANK — 2010
What FREEDOM BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 79,006,000 | 74,835,000 | 73,093,000 | 74,510,000 |
| Total loans | 49,317,000 | 45,613,000 | 44,992,000 | 43,213,000 |
| Allowance for loan losses | 854,000 | 696,000 | 880,000 | 787,000 |
| Securities available for sale | 18,189,000 | 18,803,000 | 17,422,000 | 21,300,000 |
| Securities held to maturity | 4,749,000 | 4,205,000 | 2,739,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,134,000 | 60,074,000 | 60,111,000 | 61,654,000 |
| Interest-bearing deposits | 61,296,000 | 58,106,000 | 58,189,000 | 59,367,000 |
| Noninterest-bearing deposits | 1,838,000 | 1,968,000 | 1,922,000 | 2,287,000 |
| Equity capital | 6,449,000 | 6,622,000 | 6,443,000 | 6,048,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 897,000 | 1,762,000 | 2,538,000 | 3,318,000 |
| Interest expense | 334,000 | 637,000 | 923,000 | 1,176,000 |
| Net interest income | 563,000 | 1,125,000 | 1,615,000 | 2,142,000 |
| Noninterest income | 39,000 | 82,000 | 139,000 | 80,000 |
| Noninterest expense | 405,000 | 809,000 | 1,208,000 | 1,627,000 |
| Provision for loan losses | 285,000 | 285,000 | 686,000 | 877,000 |
| Pretax income | 142,000 | 371,000 | 73,000 | -587,000 |
| Income tax | 38,000 | 108,000 | -13,000 | -298,000 |
| Net income | 104,000 | 263,000 | 86,000 | -289,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,559,000 | 6,718,000 | 6,540,000 | 6,165,000 |
| Total capital | 7,252,000 | 7,374,000 | 7,195,000 | 6,807,000 |
| Risk-weighted assets | 55,314,000 | 52,412,000 | 52,156,000 | 51,223,000 |