Call reports 2007
FREEDOM BANK OF GEORGIA — 2007
What FREEDOM BANK OF GEORGIA reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 144,451,000 | 146,244,000 | 152,644,000 | 147,114,000 |
| Total loans | 109,452,000 | 114,434,000 | 119,282,000 | 118,288,000 |
| Allowance for loan losses | 1,281,000 | 1,316,000 | 1,252,000 | 1,617,000 |
| Securities available for sale | 21,069,000 | 20,834,000 | 19,140,000 | 16,323,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,810,000 | 123,637,000 | 124,561,000 | 115,783,000 |
| Interest-bearing deposits | 112,625,000 | 113,490,000 | 115,542,000 | 108,011,000 |
| Noninterest-bearing deposits | 9,185,000 | 10,148,000 | 9,019,000 | 7,772,000 |
| Equity capital | 11,877,000 | 11,842,000 | 12,211,000 | 12,182,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,794,000 | 5,781,000 | 8,842,000 | 11,558,000 |
| Interest expense | 1,522,000 | 3,172,000 | 4,851,000 | 6,481,000 |
| Net interest income | 1,272,000 | 2,609,000 | 3,991,000 | 5,077,000 |
| Noninterest income | 73,000 | 153,000 | 258,000 | 368,000 |
| Noninterest expense | 962,000 | 2,112,000 | 3,255,000 | 4,368,000 |
| Provision for loan losses | 91,000 | 149,000 | 224,000 | 596,000 |
| Pretax income | 292,000 | 501,000 | 772,000 | 484,000 |
| Income tax | 111,000 | 192,000 | 299,000 | 179,000 |
| Net income | 181,000 | 309,000 | 473,000 | 305,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,036,000 | 12,178,000 | 12,367,000 | 12,226,000 |
| Total capital | 13,317,000 | 13,494,000 | 13,619,000 | 13,814,000 |
| Risk-weighted assets | 119,046,000 | 123,849,000 | 129,192,000 | 126,974,000 |