Call reports 2005
FREEDOM BANK OF GEORGIA — 2005
What FREEDOM BANK OF GEORGIA reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 61,809,000 | 69,841,000 | 78,774,000 | 82,513,000 |
| Total loans | 41,797,000 | 49,375,000 | 54,357,000 | 60,778,000 |
| Allowance for loan losses | 605,000 | 704,000 | 767,000 | 831,000 |
| Securities available for sale | 12,656,000 | 12,918,000 | 15,790,000 | 16,120,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,289,000 | 57,737,000 | 63,396,000 | 66,847,000 |
| Interest-bearing deposits | 48,043,000 | 54,434,000 | 58,952,000 | 61,550,000 |
| Noninterest-bearing deposits | 2,246,000 | 3,303,000 | 4,444,000 | 5,297,000 |
| Equity capital | 6,824,000 | 6,891,000 | 10,091,000 | 10,738,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 793,000 | 1,887,000 | 3,141,000 | 4,563,000 |
| Interest expense | 323,000 | 797,000 | 1,350,000 | 1,941,000 |
| Net interest income | 470,000 | 1,090,000 | 1,791,000 | 2,622,000 |
| Noninterest income | 24,000 | 45,000 | 65,000 | 89,000 |
| Noninterest expense | 494,000 | 1,093,000 | 1,696,000 | 2,373,000 |
| Provision for loan losses | 95,000 | 194,000 | 257,000 | 322,000 |
| Pretax income | -95,000 | -152,000 | -97,000 | 16,000 |
| Income tax | 0 | 0 | 0 | -601,000 |
| Net income | -95,000 | -152,000 | -97,000 | 617,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,989,000 | 6,932,000 | 10,236,000 | 10,950,000 |
| Total capital | 7,567,000 | 7,602,000 | 10,977,000 | 11,763,000 |
| Risk-weighted assets | 46,239,000 | 53,598,000 | 59,268,000 | 65,002,000 |