Call reports 2006
FREEDOM BANK, INC. — 2006
What FREEDOM BANK, INC. 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 | 121,124,000 | 124,527,000 | 124,897,000 | 128,258,000 |
| Total loans | 88,271,000 | 94,656,000 | 97,310,000 | 99,472,000 |
| Allowance for loan losses | 989,000 | 1,013,000 | 1,017,000 | 941,000 |
| Securities available for sale | 9,694,000 | 9,289,000 | 8,083,000 | 7,806,000 |
| Securities held to maturity | 4,530,000 | 4,034,000 | 4,006,000 | 3,402,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,746,000 | 104,783,000 | 109,409,000 | 112,939,000 |
| Interest-bearing deposits | 82,264,000 | 82,416,000 | 85,876,000 | 91,374,000 |
| Noninterest-bearing deposits | 22,482,000 | 22,367,000 | 23,533,000 | 21,565,000 |
| Equity capital | 10,395,000 | 10,713,000 | 11,171,000 | 11,053,000 |
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 | 1,747,000 | 3,695,000 | 5,744,000 | 7,836,000 |
| Interest expense | 521,000 | 1,110,000 | 1,805,000 | 2,564,000 |
| Net interest income | 1,226,000 | 2,585,000 | 3,939,000 | 5,272,000 |
| Noninterest income | 222,000 | 470,000 | 723,000 | 959,000 |
| Noninterest expense | 922,000 | 1,958,000 | 2,972,000 | 4,092,000 |
| Provision for loan losses | 9,000 | 18,000 | 27,000 | 36,000 |
| Pretax income | 517,000 | 1,079,000 | 1,663,000 | 2,103,000 |
| Income tax | 178,000 | 385,000 | 589,000 | 671,000 |
| Net income | 339,000 | 694,000 | 1,074,000 | 1,432,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,598,000 | 10,872,000 | 11,252,000 | 11,110,000 |
| Total capital | 11,587,000 | 11,885,000 | 12,269,000 | 12,051,000 |
| Risk-weighted assets | 84,264,000 | 89,695,000 | 92,096,000 | 94,248,000 |