Call reports 2011
FREEDOM BANK — 2011
What FREEDOM BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 50,519,000 | 47,586,000 | 46,405,000 | 45,651,000 |
| Total loans | 38,812,000 | 36,543,000 | 34,506,000 | 34,068,000 |
| Allowance for loan losses | 1,410,000 | 1,286,000 | 1,281,000 | 1,058,000 |
| Securities available for sale | 500,000 | 514,000 | 508,000 | 503,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,943,000 | 43,885,000 | 42,599,000 | 41,819,000 |
| Interest-bearing deposits | 43,462,000 | 40,472,000 | 39,118,000 | 38,780,000 |
| Noninterest-bearing deposits | 3,481,000 | 3,413,000 | 3,481,000 | 3,039,000 |
| Equity capital | 3,533,000 | 3,672,000 | 3,764,000 | 3,813,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 585,000 | 1,234,000 | 1,771,000 | 2,310,000 |
| Interest expense | 160,000 | 297,000 | 421,000 | 539,000 |
| Net interest income | 425,000 | 937,000 | 1,350,000 | 1,771,000 |
| Noninterest income | 5,000 | 37,000 | 103,000 | 121,000 |
| Noninterest expense | 388,000 | 792,000 | 1,179,000 | 1,553,000 |
| Provision for loan losses | 800,000 | 800,000 | 800,000 | 816,000 |
| Pretax income | -758,000 | -618,000 | -526,000 | -477,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -758,000 | -618,000 | -526,000 | -477,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,533,000 | 3,672,000 | 3,764,000 | 3,813,000 |
| Total capital | 4,042,000 | 4,164,000 | 4,238,000 | 4,263,000 |
| Risk-weighted assets | 39,813,000 | 38,584,000 | 37,101,000 | 35,423,000 |