Call reports 2009
FREEDOM BANK — 2009
What FREEDOM BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 65,250,000 | 64,408,000 | 66,812,000 | 68,283,000 |
| Total loans | 58,823,000 | 56,967,000 | 54,907,000 | 51,030,000 |
| Allowance for loan losses | 650,000 | 732,000 | 977,000 | 1,194,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,368,000 | 58,429,000 | 61,202,000 | 63,902,000 |
| Interest-bearing deposits | 54,555,000 | 53,639,000 | 55,791,000 | 60,756,000 |
| Noninterest-bearing deposits | 4,812,000 | 4,790,000 | 5,411,000 | 3,146,000 |
| Equity capital | 5,782,000 | 5,857,000 | 5,513,000 | 4,320,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 954,000 | 1,892,000 | 2,746,000 | 3,667,000 |
| Interest expense | 422,000 | 823,000 | 1,214,000 | 1,597,000 |
| Net interest income | 532,000 | 1,069,000 | 1,532,000 | 2,070,000 |
| Noninterest income | 32,000 | 74,000 | 109,000 | -1,000 |
| Noninterest expense | 378,000 | 782,000 | 1,204,000 | 1,647,000 |
| Provision for loan losses | 50,000 | 150,000 | 570,000 | 1,749,000 |
| Pretax income | 136,000 | 211,000 | -133,000 | -1,327,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 136,000 | 211,000 | -133,000 | -1,327,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,782,000 | 5,857,000 | 5,513,000 | 4,320,000 |
| Total capital | 6,432,000 | 6,589,000 | 6,239,000 | 4,995,000 |
| Risk-weighted assets | 58,318,000 | 58,817,000 | 57,873,000 | 54,404,000 |