Call reports 2004
FREEDOM BANK OF GEORGIA — 2004
What FREEDOM BANK OF GEORGIA reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 14,370,000 | 26,254,000 | 41,316,000 | 50,305,000 |
| Total loans | 6,298,000 | 19,128,000 | 29,741,000 | 34,849,000 |
| Allowance for loan losses | 100,000 | 285,000 | 440,000 | 515,000 |
| Securities available for sale | 1,633,000 | 3,457,000 | 6,673,000 | 8,768,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,023,000 | 19,319,000 | 32,524,000 | 39,935,000 |
| Interest-bearing deposits | 6,034,000 | 17,611,000 | 30,949,000 | 37,190,000 |
| Noninterest-bearing deposits | 989,000 | 1,708,000 | 1,576,000 | 2,745,000 |
| Equity capital | 7,334,000 | 6,894,000 | 6,682,000 | 6,552,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 83,000 | 400,000 | 854,000 | 1,515,000 |
| Interest expense | 6,000 | 71,000 | 212,000 | 460,000 |
| Net interest income | 77,000 | 329,000 | 642,000 | 1,055,000 |
| Noninterest income | 1,000 | 5,000 | 14,000 | 25,000 |
| Noninterest expense | 273,000 | 737,000 | 1,168,000 | 1,610,000 |
| Provision for loan losses | 100,000 | 285,000 | 440,000 | 515,000 |
| Pretax income | -295,000 | -688,000 | -952,000 | -1,045,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -295,000 | -688,000 | -952,000 | -1,045,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,334,000 | 6,940,000 | 6,677,000 | 6,583,000 |
| Total capital | 7,434,000 | 7,184,000 | 7,067,000 | 7,058,000 |
| Risk-weighted assets | 8,135,000 | 19,515,000 | 31,163,000 | 37,926,000 |