Call reports 2010
FREEDOM BANK — 2010
What FREEDOM BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 65,863,000 | 58,709,000 | 54,910,000 | 51,140,000 |
| Total loans | 48,364,000 | 45,589,000 | 43,096,000 | 41,734,000 |
| Allowance for loan losses | 1,204,000 | 1,256,000 | 1,103,000 | 1,125,000 |
| Securities available for sale | 0 | 0 | 499,000 | 499,000 |
| Securities held to maturity | 0 | 499,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,490,000 | 54,965,000 | 50,904,000 | 46,823,000 |
| Interest-bearing deposits | 58,834,000 | 51,576,000 | 47,273,000 | 43,634,000 |
| Noninterest-bearing deposits | 2,656,000 | 3,389,000 | 3,631,000 | 3,189,000 |
| Equity capital | 4,308,000 | 3,648,000 | 3,959,000 | 4,291,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 782,000 | 1,533,000 | 2,106,000 | 2,730,000 |
| Interest expense | 347,000 | 633,000 | 868,000 | 1,047,000 |
| Net interest income | 435,000 | 900,000 | 1,238,000 | 1,683,000 |
| Noninterest income | -42,000 | 2,000 | -499,000 | -467,000 |
| Noninterest expense | 405,000 | 798,000 | 1,166,000 | 1,512,000 |
| Provision for loan losses | 0 | 775,000 | 953,000 | 953,000 |
| Pretax income | -12,000 | -671,000 | -1,380,000 | -1,249,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -12,000 | -671,000 | -1,380,000 | -1,249,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,308,000 | 3,648,000 | 3,959,000 | 4,291,000 |
| Total capital | 4,969,000 | 4,255,000 | 4,522,000 | 4,831,000 |
| Risk-weighted assets | 52,276,000 | 48,097,000 | 45,067,000 | 42,632,000 |