Call reports 2014
FREEDOM BANK — 2014
What FREEDOM BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 47,543,000 | 48,778,000 | 51,026,000 | 51,910,000 |
| Total loans | 36,529,000 | 37,111,000 | 39,081,000 | 41,272,000 |
| Allowance for loan losses | 944,000 | 939,000 | 929,000 | 1,069,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,720,000 | 43,760,000 | 45,738,000 | 46,527,000 |
| Interest-bearing deposits | 38,011,000 | 38,713,000 | 39,845,000 | 40,505,000 |
| Noninterest-bearing deposits | 4,709,000 | 5,048,000 | 5,893,000 | 6,021,000 |
| Equity capital | 4,771,000 | 4,944,000 | 5,178,000 | 5,359,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 575,000 | 1,174,000 | 1,915,000 | 2,594,000 |
| Interest expense | 70,000 | 140,000 | 212,000 | 286,000 |
| Net interest income | 505,000 | 1,034,000 | 1,703,000 | 2,308,000 |
| Noninterest income | 37,000 | 126,000 | 155,000 | 196,000 |
| Noninterest expense | 399,000 | 845,000 | 1,309,000 | 1,774,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 143,000 | 315,000 | 549,000 | 730,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 143,000 | 315,000 | 549,000 | 730,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,771,000 | 4,944,000 | 5,178,000 | 5,359,000 |
| Total capital | 5,230,000 | 5,411,000 | 5,635,000 | 5,838,000 |
| Risk-weighted assets | 36,256,000 | 36,903,000 | 36,333,000 | 38,062,000 |