Call reports 2015
FREEDOM BANK, INC. — 2015
What FREEDOM BANK, INC. reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 151,633,000 | 150,574,000 | 155,162,000 | 154,730,000 |
| Total loans | 113,904,000 | 122,739,000 | 123,440,000 | 122,347,000 |
| Allowance for loan losses | 2,740,000 | 2,747,000 | 2,855,000 | 2,856,000 |
| Securities available for sale | 12,993,000 | 12,885,000 | 12,600,000 | 12,489,000 |
| Securities held to maturity | 1,004,000 | 1,002,000 | 1,000,000 | 1,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 135,414,000 | 132,973,000 | 133,359,000 | 133,207,000 |
| Interest-bearing deposits | 97,380,000 | 94,180,000 | 95,701,000 | 94,797,000 |
| Noninterest-bearing deposits | 38,034,000 | 38,793,000 | 37,658,000 | 38,410,000 |
| Equity capital | 14,840,000 | 14,893,000 | 15,168,000 | 15,034,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,413,000 | 2,809,000 | 4,276,000 | 5,684,000 |
| Interest expense | 135,000 | 265,000 | 391,000 | 519,000 |
| Net interest income | 1,278,000 | 2,544,000 | 3,885,000 | 5,165,000 |
| Noninterest income | 277,000 | 599,000 | 907,000 | 1,035,000 |
| Noninterest expense | 1,131,000 | 2,366,000 | 3,578,000 | 4,783,000 |
| Provision for loan losses | 120,000 | 240,000 | 360,000 | 440,000 |
| Pretax income | 304,000 | 531,000 | 848,000 | 971,000 |
| Income tax | 90,000 | 149,000 | 233,000 | 162,000 |
| Net income | 214,000 | 382,000 | 615,000 | 809,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,430,000 | 14,345,000 | 14,577,000 | 14,554,000 |
| Total capital | 15,737,000 | 15,693,000 | 15,938,000 | 15,891,000 |
| Risk-weighted assets | 103,094,000 | 106,017,000 | 107,008,000 | 105,118,000 |