Call reports 2011
FREEDOM BANK, INC. — 2011
What FREEDOM BANK, INC. reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 168,046,000 | 163,838,000 | 167,353,000 | 163,326,000 |
| Total loans | 133,640,000 | 128,392,000 | 125,837,000 | 121,252,000 |
| Allowance for loan losses | 3,341,000 | 3,074,000 | 2,968,000 | 3,661,000 |
| Securities available for sale | 14,813,000 | 13,617,000 | 12,273,000 | 11,397,000 |
| Securities held to maturity | 58,000 | 52,000 | 46,000 | 41,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 143,050,000 | 143,196,000 | 147,000,000 | 145,554,000 |
| Interest-bearing deposits | 115,155,000 | 116,151,000 | 118,620,000 | 115,049,000 |
| Noninterest-bearing deposits | 27,895,000 | 27,045,000 | 28,380,000 | 30,505,000 |
| Equity capital | 13,236,000 | 11,869,000 | 11,390,000 | 10,994,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,909,000 | 3,893,000 | 5,885,000 | 7,665,000 |
| Interest expense | 406,000 | 792,000 | 1,162,000 | 1,503,000 |
| Net interest income | 1,503,000 | 3,101,000 | 4,723,000 | 6,162,000 |
| Noninterest income | 287,000 | 633,000 | 928,000 | 1,206,000 |
| Noninterest expense | 1,267,000 | 2,517,000 | 3,927,000 | 4,847,000 |
| Provision for loan losses | 225,000 | 3,211,000 | 4,711,000 | 5,951,000 |
| Pretax income | 298,000 | -1,994,000 | -2,987,000 | -3,430,000 |
| Income tax | 93,000 | -732,000 | -1,245,000 | -1,340,000 |
| Net income | 205,000 | -1,262,000 | -1,742,000 | -2,090,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,238,000 | 11,770,000 | 10,756,000 | 10,682,000 |
| Total capital | 14,837,000 | 13,329,000 | 12,250,000 | 12,157,000 |
| Risk-weighted assets | 126,160,000 | 122,367,000 | 120,224,000 | 115,756,000 |
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