Call reports 2008
FREEDOM BANK, INC. — 2008
What FREEDOM BANK, INC. 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 | 142,616,000 | 143,418,000 | 142,433,000 | 144,018,000 |
| Total loans | 112,783,000 | 113,778,000 | 118,427,000 | 121,133,000 |
| Allowance for loan losses | 950,000 | 922,000 | 950,000 | 991,000 |
| Securities available for sale | 4,169,000 | 3,591,000 | 3,864,000 | 3,671,000 |
| Securities held to maturity | 3,319,000 | 3,481,000 | 3,028,000 | 3,011,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 120,550,000 | 124,304,000 | 122,960,000 | 122,762,000 |
| Interest-bearing deposits | 97,856,000 | 97,198,000 | 98,560,000 | 99,085,000 |
| Noninterest-bearing deposits | 22,693,000 | 27,106,000 | 24,400,000 | 23,677,000 |
| Equity capital | 12,479,000 | 12,778,000 | 13,108,000 | 13,462,000 |
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 | 2,327,000 | 4,546,000 | 6,765,000 | 8,977,000 |
| Interest expense | 911,000 | 1,750,000 | 2,549,000 | 3,283,000 |
| Net interest income | 1,416,000 | 2,796,000 | 4,216,000 | 5,694,000 |
| Noninterest income | 256,000 | 566,000 | 899,000 | 1,172,000 |
| Noninterest expense | 1,029,000 | 2,209,000 | 3,338,000 | 4,458,000 |
| Provision for loan losses | 30,000 | 65,000 | 230,000 | 460,000 |
| Pretax income | 613,000 | 1,088,000 | 1,547,000 | 1,948,000 |
| Income tax | 219,000 | 364,000 | 511,000 | 525,000 |
| Net income | 394,000 | 724,000 | 1,036,000 | 1,423,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,474,000 | 12,804,000 | 13,121,000 | 13,504,000 |
| Total capital | 13,424,000 | 13,726,000 | 14,071,000 | 14,495,000 |
| Risk-weighted assets | 109,386,000 | 110,719,000 | 114,366,000 | 115,325,000 |