Call reports 2017
FREEDOM BANK — 2017
What FREEDOM BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 65,056,000 | 71,245,000 | 71,790,000 | 69,522,000 |
| Total loans | 56,545,000 | 61,210,000 | 60,560,000 | 61,820,000 |
| Allowance for loan losses | 1,081,000 | 1,083,000 | 1,085,000 | 1,011,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 76,000 | 156,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,336,000 | 62,165,000 | 62,338,000 | 58,880,000 |
| Interest-bearing deposits | 50,386,000 | 51,599,000 | 51,057,000 | 49,654,000 |
| Noninterest-bearing deposits | 7,950,000 | 10,566,000 | 11,281,000 | 9,226,000 |
| Equity capital | 6,654,000 | 7,006,000 | 7,305,000 | 7,606,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 845,000 | 1,794,000 | 2,798,000 | 3,816,000 |
| Interest expense | 93,000 | 195,000 | 307,000 | 419,000 |
| Net interest income | 752,000 | 1,599,000 | 2,491,000 | 3,397,000 |
| Noninterest income | 82,000 | 193,000 | 249,000 | 294,000 |
| Noninterest expense | 604,000 | 1,210,000 | 1,859,000 | 2,509,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 230,000 | 582,000 | 881,000 | 1,182,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 230,000 | 582,000 | 881,000 | 1,182,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,654,000 | 7,006,000 | 7,305,000 | 7,606,000 |
| Total capital | 7,284,000 | 7,689,000 | 7,983,000 | 8,299,000 |
| Risk-weighted assets | 49,935,000 | 54,203,000 | 53,814,000 | 55,166,000 |