Call reports 2006
FREEDOM BANK OF GEORGIA — 2006
What FREEDOM BANK OF GEORGIA reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 94,937,000 | 108,179,000 | 121,354,000 | 132,536,000 |
| Total loans | 67,576,000 | 80,261,000 | 92,174,000 | 102,792,000 |
| Allowance for loan losses | 898,000 | 1,026,000 | 1,114,000 | 1,195,000 |
| Securities available for sale | 16,276,000 | 19,529,000 | 20,500,000 | 20,854,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,326,000 | 91,498,000 | 93,432,000 | 104,520,000 |
| Interest-bearing deposits | 72,648,000 | 84,220,000 | 85,970,000 | 97,320,000 |
| Noninterest-bearing deposits | 5,678,000 | 7,278,000 | 7,462,000 | 7,199,000 |
| Equity capital | 10,730,000 | 10,678,000 | 11,177,000 | 11,407,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,666,000 | 3,694,000 | 6,137,000 | 8,791,000 |
| Interest expense | 712,000 | 1,623,000 | 2,801,000 | 4,181,000 |
| Net interest income | 954,000 | 2,071,000 | 3,336,000 | 4,610,000 |
| Noninterest income | 40,000 | 83,000 | 130,000 | 181,000 |
| Noninterest expense | 765,000 | 1,576,000 | 2,455,000 | 3,365,000 |
| Provision for loan losses | 69,000 | 198,000 | 292,000 | 404,000 |
| Pretax income | 160,000 | 380,000 | 719,000 | 1,022,000 |
| Income tax | 60,000 | 143,000 | 272,000 | 376,000 |
| Net income | 100,000 | 237,000 | 447,000 | 646,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,051,000 | 11,187,000 | 11,397,000 | 11,596,000 |
| Total capital | 11,949,000 | 12,213,000 | 12,511,000 | 12,791,000 |
| Risk-weighted assets | 72,181,000 | 87,162,000 | 98,376,000 | 109,162,000 |