Call reports 2016
FREEDOM BANK — 2016
What FREEDOM BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 61,049,000 | 60,895,000 | 64,755,000 | 62,645,000 |
| Total loans | 50,729,000 | 52,225,000 | 53,245,000 | 52,641,000 |
| Allowance for loan losses | 968,000 | 963,000 | 1,098,000 | 1,079,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 74,000 | 73,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,353,000 | 54,394,000 | 57,991,000 | 55,700,000 |
| Interest-bearing deposits | 45,242,000 | 46,755,000 | 48,259,000 | 47,914,000 |
| Noninterest-bearing deposits | 9,112,000 | 7,639,000 | 9,733,000 | 7,786,000 |
| Equity capital | 6,631,000 | 6,414,000 | 6,631,000 | 6,924,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 793,000 | 1,634,000 | 2,486,000 | 3,332,000 |
| Interest expense | 78,000 | 163,000 | 250,000 | 339,000 |
| Net interest income | 715,000 | 1,471,000 | 2,236,000 | 2,993,000 |
| Noninterest income | 73,000 | 126,000 | 71,000 | 114,000 |
| Noninterest expense | 524,000 | 1,099,000 | 1,693,000 | 2,220,000 |
| Provision for loan losses | 0 | 0 | -100,000 | -120,000 |
| Pretax income | 264,000 | 498,000 | 714,000 | 1,007,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 264,000 | 498,000 | 714,000 | 1,007,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,631,000 | 6,414,000 | 6,631,000 | 6,924,000 |
| Total capital | 7,200,000 | 7,007,000 | 7,232,000 | 7,510,000 |
| Risk-weighted assets | 45,106,000 | 47,086,000 | 47,594,000 | 46,420,000 |