Call reports 2007
FREEDOM BANK — 2007
What FREEDOM BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 58,035,000 | 60,105,000 | 63,174,000 | 60,663,000 |
| Total loans | 44,448,000 | 50,716,000 | 51,606,000 | 55,017,000 |
| Allowance for loan losses | 440,000 | 500,000 | 550,000 | 596,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,970,000 | 54,628,000 | 57,398,000 | 55,004,000 |
| Interest-bearing deposits | 49,888,000 | 48,664,000 | 53,467,000 | 51,215,000 |
| Noninterest-bearing deposits | 3,082,000 | 5,964,000 | 3,931,000 | 3,789,000 |
| Equity capital | 4,974,000 | 5,345,000 | 5,614,000 | 5,578,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,038,000 | 2,267,000 | 3,540,000 | 4,780,000 |
| Interest expense | 533,000 | 1,146,000 | 1,784,000 | 2,351,000 |
| Net interest income | 505,000 | 1,121,000 | 1,756,000 | 2,429,000 |
| Noninterest income | 16,000 | 37,000 | 73,000 | 100,000 |
| Noninterest expense | 283,000 | 615,000 | 968,000 | 1,384,000 |
| Provision for loan losses | 60,000 | 120,000 | 170,000 | 220,000 |
| Pretax income | 178,000 | 423,000 | 691,000 | 925,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 178,000 | 423,000 | 691,000 | 925,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,974,000 | 5,345,000 | 5,614,000 | 5,578,000 |
| Total capital | 5,414,000 | 5,845,000 | 6,164,000 | 6,174,000 |
| Risk-weighted assets | 45,355,000 | 50,981,000 | 52,178,000 | 57,254,000 |