Call reports 2008
FREEDOM BANK OF GEORGIA — 2008
What FREEDOM BANK OF GEORGIA reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 151,921,000 | 151,036,000 | 147,246,000 | 172,454,000 |
| Total loans | 117,925,000 | 114,048,000 | 111,311,000 | 106,212,000 |
| Allowance for loan losses | 2,534,000 | 3,142,000 | 3,634,000 | 4,599,000 |
| Securities available for sale | 18,649,000 | 17,926,000 | 18,153,000 | 21,651,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,771,000 | 122,392,000 | 121,662,000 | 159,048,000 |
| Interest-bearing deposits | 112,581,000 | 113,807,000 | 114,556,000 | 153,001,000 |
| Noninterest-bearing deposits | 9,190,000 | 8,585,000 | 7,106,000 | 6,048,000 |
| Equity capital | 12,391,000 | 10,875,000 | 8,348,000 | 4,620,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,412,000 | 4,436,000 | 6,320,000 | 8,042,000 |
| Interest expense | 1,546,000 | 2,922,000 | 4,251,000 | 5,627,000 |
| Net interest income | 866,000 | 1,514,000 | 2,069,000 | 2,415,000 |
| Noninterest income | 136,000 | 334,000 | 443,000 | 244,000 |
| Noninterest expense | 1,142,000 | 2,369,000 | 3,560,000 | 4,736,000 |
| Provision for loan losses | 1,440,000 | 2,940,000 | 3,940,000 | 6,450,000 |
| Pretax income | -1,575,000 | -3,425,000 | -5,407,000 | -8,950,000 |
| Income tax | -593,000 | -1,289,000 | -548,000 | 0 |
| Net income | -982,000 | -2,136,000 | -4,859,000 | -8,950,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,258,000 | 10,285,000 | 7,857,000 | 4,316,000 |
| Total capital | 13,921,000 | 11,909,000 | 9,457,000 | 5,923,000 |
| Risk-weighted assets | 132,172,000 | 128,394,000 | 124,874,000 | 125,607,000 |