Call reports 2005
FREEDOM BANK — 2005
What FREEDOM BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Total assets | 8,033,000 | 13,877,000 | 20,347,000 |
| Total loans | 5,275,000 | 11,675,000 | 16,881,000 |
| Allowance for loan losses | 50,000 | 123,000 | 198,000 |
| Securities available for sale | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 4,520,000 | 10,408,000 | 16,885,000 |
| Interest-bearing deposits | 3,300,000 | 9,331,000 | 15,742,000 |
| Noninterest-bearing deposits | 1,220,000 | 1,077,000 | 1,143,000 |
| Equity capital | 3,511,000 | 3,453,000 | 3,428,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Interest income | 61,000 | 254,000 | 568,000 |
| Interest expense | 10,000 | 63,000 | 177,000 |
| Net interest income | 51,000 | 191,000 | 391,000 |
| Noninterest income | 2,000 | 5,000 | 10,000 |
| Noninterest expense | 142,000 | 268,000 | 423,000 |
| Provision for loan losses | 50,000 | 125,000 | 200,000 |
| Pretax income | -139,000 | -197,000 | -222,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -139,000 | -197,000 | -222,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Tier 1 capital | 3,511,000 | 3,453,000 | 3,428,000 |
| Total capital | 3,561,000 | 3,576,000 | 3,626,000 |
| Risk-weighted assets | 6,019,000 | 11,268,000 | 17,652,000 |