Call reports 2016
FREEDOM BANK, INC. — 2016
What FREEDOM BANK, INC. reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 156,895,000 | 155,370,000 | 156,156,000 | 156,419,000 |
| Total loans | 119,827,000 | 120,729,000 | 126,979,000 | 128,259,000 |
| Allowance for loan losses | 2,345,000 | 2,460,000 | 2,412,000 | 2,479,000 |
| Securities available for sale | 12,252,000 | 12,122,000 | 7,651,000 | 10,588,000 |
| Securities held to maturity | 1,000,000 | 1,004,000 | 1,000,000 | 1,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 135,111,000 | 133,417,000 | 130,662,000 | 130,202,000 |
| Interest-bearing deposits | 96,248,000 | 95,089,000 | 89,659,000 | 90,363,000 |
| Noninterest-bearing deposits | 38,863,000 | 38,328,000 | 41,003,000 | 39,839,000 |
| Equity capital | 15,230,000 | 15,500,000 | 15,617,000 | 15,669,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,373,000 | 2,782,000 | 4,222,000 | 5,633,000 |
| Interest expense | 120,000 | 239,000 | 359,000 | 475,000 |
| Net interest income | 1,253,000 | 2,543,000 | 3,863,000 | 5,158,000 |
| Noninterest income | 308,000 | 617,000 | 795,000 | 1,160,000 |
| Noninterest expense | 1,203,000 | 2,450,000 | 3,702,000 | 4,969,000 |
| Provision for loan losses | 120,000 | 240,000 | 240,000 | 240,000 |
| Pretax income | 238,000 | 470,000 | 988,000 | 1,381,000 |
| Income tax | 70,000 | 135,000 | 360,000 | 408,000 |
| Net income | 168,000 | 335,000 | 628,000 | 973,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,723,000 | 14,889,000 | 15,200,000 | 15,785,000 |
| Total capital | 16,031,000 | 16,204,000 | 16,561,000 | 17,173,000 |
| Risk-weighted assets | 103,404,000 | 103,840,000 | 107,608,000 | 109,806,000 |