Call reports 2008
FREEDOM BANK — 2008
What FREEDOM BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 62,801,000 | 65,771,000 | 65,589,000 | 66,499,000 |
| Total loans | 57,158,000 | 60,178,000 | 61,425,000 | 60,596,000 |
| Allowance for loan losses | 626,000 | 666,000 | 644,000 | 762,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,902,000 | 59,641,000 | 59,289,000 | 60,781,000 |
| Interest-bearing deposits | 53,793,000 | 53,809,000 | 53,248,000 | 55,273,000 |
| Noninterest-bearing deposits | 3,109,000 | 5,832,000 | 6,042,000 | 5,508,000 |
| Equity capital | 5,786,000 | 5,939,000 | 6,112,000 | 5,646,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,098,000 | 2,139,000 | 3,204,000 | 4,191,000 |
| Interest expense | 547,000 | 1,061,000 | 1,578,000 | 2,094,000 |
| Net interest income | 551,000 | 1,078,000 | 1,626,000 | 2,097,000 |
| Noninterest income | 35,000 | 72,000 | 104,000 | 136,000 |
| Noninterest expense | 348,000 | 719,000 | 1,096,000 | 1,405,000 |
| Provision for loan losses | 30,000 | 70,000 | 100,000 | 760,000 |
| Pretax income | 208,000 | 361,000 | 534,000 | 68,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 208,000 | 361,000 | 534,000 | 68,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,786,000 | 5,939,000 | 6,112,000 | 5,646,000 |
| Total capital | 6,412,000 | 6,605,000 | 6,756,000 | 6,408,000 |
| Risk-weighted assets | 59,565,000 | 62,239,000 | 63,547,000 | 61,395,000 |