Call reports 2006
FREEDOM BANK — 2006
What FREEDOM BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 24,191,000 | 34,278,000 | 43,235,000 | 45,648,000 |
| Total loans | 20,358,000 | 28,105,000 | 33,652,000 | 37,119,000 |
| Allowance for loan losses | 223,000 | 280,000 | 340,000 | 380,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 20,624,000 | 30,639,000 | 39,481,000 | 41,770,000 |
| Interest-bearing deposits | 19,324,000 | 28,553,000 | 35,913,000 | 38,900,000 |
| Noninterest-bearing deposits | 1,300,000 | 2,086,000 | 3,568,000 | 2,870,000 |
| Equity capital | 3,515,000 | 3,555,000 | 3,667,000 | 3,796,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 419,000 | 999,000 | 1,795,000 | 2,726,000 |
| Interest expense | 182,000 | 446,000 | 825,000 | 1,307,000 |
| Net interest income | 237,000 | 553,000 | 970,000 | 1,419,000 |
| Noninterest income | 4,000 | 12,000 | 23,000 | 38,000 |
| Noninterest expense | 159,000 | 386,000 | 643,000 | 937,000 |
| Provision for loan losses | 25,000 | 82,000 | 142,000 | 182,000 |
| Pretax income | 57,000 | 97,000 | 208,000 | 338,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 57,000 | 97,000 | 208,000 | 338,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,515,000 | 3,555,000 | 3,667,000 | 3,796,000 |
| Total capital | 3,738,000 | 3,835,000 | 4,007,000 | 4,176,000 |
| Risk-weighted assets | 21,957,000 | 29,302,000 | 35,684,000 | 37,856,000 |