Call reports 2013
FREEDOM BANK — 2013
What FREEDOM BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 74,987,000 | 71,664,000 | 66,892,000 | 65,532,000 |
| Total loans | 47,888,000 | 46,578,000 | 43,010,000 | 37,616,000 |
| Allowance for loan losses | 2,942,000 | 2,370,000 | 1,752,000 | 16,000 |
| Securities available for sale | 18,504,000 | 18,727,000 | 16,459,000 | 15,869,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,895,000 | 59,770,000 | 55,433,000 | 52,089,000 |
| Interest-bearing deposits | 58,149,000 | 56,602,000 | 52,301,000 | 48,845,000 |
| Noninterest-bearing deposits | 2,746,000 | 3,168,000 | 3,132,000 | 3,244,000 |
| Equity capital | 4,770,000 | 3,989,000 | 4,783,000 | 5,074,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 666,000 | 1,295,000 | 1,944,000 | 360,000 |
| Interest expense | 131,000 | 260,000 | 366,000 | 29,000 |
| Net interest income | 535,000 | 1,035,000 | 1,578,000 | 331,000 |
| Noninterest income | 64,000 | 92,000 | 162,000 | 25,000 |
| Noninterest expense | 466,000 | 923,000 | 1,322,000 | 242,000 |
| Provision for loan losses | 10,000 | 621,000 | 64,000 | 16,000 |
| Pretax income | 123,000 | -417,000 | 354,000 | 98,000 |
| Income tax | 0 | 57,000 | 96,000 | 33,000 |
| Net income | 123,000 | -474,000 | 258,000 | 65,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,885,000 | 4,287,000 | 5,019,000 | 4,190,000 |
| Total capital | 5,557,000 | 4,923,000 | 5,614,000 | 4,206,000 |
| Risk-weighted assets | 51,506,000 | 49,132,000 | 46,415,000 | 43,388,000 |