Call reports 2003
FREEDOM BANK, INC. — 2003
What FREEDOM BANK, INC. reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 104,217,000 | 105,089,000 | 104,798,000 | 103,976,000 |
| Total loans | 61,349,000 | 62,540,000 | 64,203,000 | 66,576,000 |
| Allowance for loan losses | 1,128,000 | 1,121,000 | 1,058,000 | 970,000 |
| Securities available for sale | 16,111,000 | 19,191,000 | 17,404,000 | 13,642,000 |
| Securities held to maturity | 8,433,000 | 7,881,000 | 7,189,000 | 7,088,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 94,641,000 | 95,491,000 | 95,224,000 | 94,481,000 |
| Interest-bearing deposits | 77,591,000 | 77,927,000 | 76,439,000 | 75,944,000 |
| Noninterest-bearing deposits | 17,050,000 | 17,564,000 | 18,785,000 | 18,537,000 |
| Equity capital | 8,822,000 | 8,881,000 | 8,848,000 | 8,863,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,392,000 | 2,793,000 | 4,162,000 | 5,542,000 |
| Interest expense | 528,000 | 1,039,000 | 1,494,000 | 1,922,000 |
| Net interest income | 864,000 | 1,754,000 | 2,668,000 | 3,620,000 |
| Noninterest income | 238,000 | 469,000 | 716,000 | 978,000 |
| Noninterest expense | 838,000 | 1,668,000 | 2,565,000 | 3,503,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 408,000 | 686,000 | 935,000 | 1,196,000 |
| Income tax | 117,000 | 182,000 | 237,000 | 242,000 |
| Net income | 291,000 | 504,000 | 698,000 | 954,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,720,000 | 8,807,000 | 8,844,000 | 8,845,000 |
| Total capital | 9,514,000 | 9,634,000 | 9,658,000 | 9,679,000 |
| Risk-weighted assets | 63,163,000 | 65,873,000 | 64,802,000 | 66,617,000 |