Call reports 2002
FREEDOM BANK, INC. — 2002
What FREEDOM BANK, INC. reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 98,499,000 | 99,097,000 | 101,996,000 | 100,920,000 |
| Total loans | 57,499,000 | 58,717,000 | 59,501,000 | 60,498,000 |
| Allowance for loan losses | 1,009,000 | 1,006,000 | 1,088,000 | 1,103,000 |
| Securities available for sale | 12,774,000 | 11,323,000 | 9,974,000 | 12,623,000 |
| Securities held to maturity | 14,625,000 | 14,587,000 | 14,207,000 | 11,641,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,454,000 | 89,793,000 | 92,418,000 | 91,543,000 |
| Interest-bearing deposits | 72,844,000 | 73,360,000 | 75,429,000 | 76,098,000 |
| Noninterest-bearing deposits | 16,610,000 | 16,433,000 | 16,989,000 | 15,445,000 |
| Equity capital | 8,522,000 | 8,733,000 | 8,884,000 | 8,803,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,498,000 | 2,985,000 | 4,546,000 | 5,990,000 |
| Interest expense | 625,000 | 1,167,000 | 1,715,000 | 2,269,000 |
| Net interest income | 873,000 | 1,818,000 | 2,831,000 | 3,721,000 |
| Noninterest income | 246,000 | 511,000 | 758,000 | 1,024,000 |
| Noninterest expense | 859,000 | 1,738,000 | 2,710,000 | 3,580,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 230,000 | 531,000 | 789,000 | 1,045,000 |
| Income tax | 59,000 | 142,000 | 204,000 | 280,000 |
| Net income | 171,000 | 389,000 | 585,000 | 765,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,515,000 | 8,585,000 | 8,693,000 | 8,596,000 |
| Total capital | 9,265,000 | 9,353,000 | 9,474,000 | 9,378,000 |
| Risk-weighted assets | 59,743,000 | 61,240,000 | 62,182,000 | 62,270,000 |