Call reports 2011
FREEDOM BANK — 2011
What FREEDOM BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 74,999,000 | 80,827,000 | 78,025,000 | 81,012,000 |
| Total loans | 40,830,000 | 48,330,000 | 46,672,000 | 49,630,000 |
| Allowance for loan losses | 735,000 | 735,000 | 750,000 | 975,000 |
| Securities available for sale | 24,371,000 | 23,383,000 | 24,030,000 | 20,606,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,331,000 | 65,996,000 | 63,692,000 | 67,314,000 |
| Interest-bearing deposits | 59,470,000 | 63,772,000 | 61,534,000 | 64,905,000 |
| Noninterest-bearing deposits | 1,861,000 | 2,224,000 | 2,158,000 | 2,409,000 |
| Equity capital | 6,193,000 | 6,617,000 | 6,902,000 | 6,175,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 821,000 | 1,695,000 | 2,658,000 | 3,563,000 |
| Interest expense | 251,000 | 475,000 | 685,000 | 875,000 |
| Net interest income | 570,000 | 1,220,000 | 1,973,000 | 2,688,000 |
| Noninterest income | 0 | 33,000 | 41,000 | -38,000 |
| Noninterest expense | 432,000 | 841,000 | 1,258,000 | 1,670,000 |
| Provision for loan losses | 0 | 100,000 | 120,000 | 395,000 |
| Pretax income | 168,000 | 418,000 | 762,000 | 465,000 |
| Income tax | 4,000 | 78,000 | 186,000 | 728,000 |
| Net income | 164,000 | 340,000 | 576,000 | -263,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,329,000 | 6,504,000 | 6,741,000 | 5,960,000 |
| Total capital | 6,937,000 | 7,192,000 | 7,401,000 | 6,633,000 |
| Risk-weighted assets | 48,499,000 | 54,956,000 | 52,749,000 | 53,544,000 |