Call reports 2017
FREEDOM BANK, INC. — 2017
What FREEDOM BANK, INC. reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 165,395,000 | 161,683,000 | 160,931,000 | 160,486,000 |
| Total loans | 128,172,000 | 129,629,000 | 129,886,000 | 129,411,000 |
| Allowance for loan losses | 2,448,000 | 2,452,000 | 2,007,000 | 1,740,000 |
| Securities available for sale | 10,474,000 | 10,551,000 | 10,320,000 | 10,047,000 |
| Securities held to maturity | 1,000,000 | 1,000,000 | 1,000,000 | 923,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,986,000 | 138,777,000 | 139,611,000 | 139,178,000 |
| Interest-bearing deposits | 93,821,000 | 94,194,000 | 93,022,000 | 92,883,000 |
| Noninterest-bearing deposits | 49,165,000 | 44,583,000 | 46,589,000 | 46,295,000 |
| Equity capital | 15,493,000 | 15,985,000 | 16,270,000 | 16,243,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,403,000 | 2,869,000 | 4,412,000 | 5,840,000 |
| Interest expense | 109,000 | 217,000 | 328,000 | 437,000 |
| Net interest income | 1,294,000 | 2,652,000 | 4,084,000 | 5,403,000 |
| Noninterest income | 343,000 | 751,000 | 1,036,000 | 1,387,000 |
| Noninterest expense | 1,197,000 | 2,453,000 | 3,653,000 | 4,853,000 |
| Provision for loan losses | 0 | 0 | 60,000 | 120,000 |
| Pretax income | 440,000 | 950,000 | 1,407,000 | 1,740,000 |
| Income tax | 158,000 | 334,000 | 497,000 | 856,000 |
| Net income | 282,000 | 616,000 | 910,000 | 884,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,582,000 | 15,917,000 | 16,210,000 | 16,258,000 |
| Total capital | 16,998,000 | 17,300,000 | 17,605,000 | 17,644,000 |
| Risk-weighted assets | 112,183,000 | 109,542,000 | 110,889,000 | 110,482,000 |