Call reports 2003
FREEDOM BANK — 2003
What FREEDOM BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 28,865,000 | 30,095,000 | 30,175,000 | 27,810,000 |
| Total loans | 17,108,000 | 17,767,000 | 16,652,000 | 16,312,000 |
| Allowance for loan losses | 131,000 | 156,000 | 158,000 | 141,000 |
| Securities available for sale | 2,960,000 | 3,501,000 | 4,756,000 | 4,288,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,687,000 | 26,885,000 | 27,045,000 | 24,761,000 |
| Interest-bearing deposits | 21,213,000 | 21,492,000 | 19,934,000 | 19,630,000 |
| Noninterest-bearing deposits | 4,474,000 | 5,394,000 | 7,111,000 | 5,131,000 |
| Equity capital | 3,053,000 | 3,060,000 | 3,033,000 | 2,986,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 444,000 | 895,000 | 1,322,000 | 1,757,000 |
| Interest expense | 113,000 | 214,000 | 299,000 | 366,000 |
| Net interest income | 331,000 | 681,000 | 1,023,000 | 1,391,000 |
| Noninterest income | 58,000 | 118,000 | 181,000 | 253,000 |
| Noninterest expense | 255,000 | 509,000 | 770,000 | 1,021,000 |
| Provision for loan losses | 10,000 | 44,000 | 60,000 | 75,000 |
| Pretax income | 124,000 | 246,000 | 374,000 | 548,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 124,000 | 246,000 | 374,000 | 548,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,240,000 | 2,241,000 | 2,249,000 | 2,224,000 |
| Total capital | 2,371,000 | 2,397,000 | 2,407,000 | 2,365,000 |
| Risk-weighted assets | 17,789,000 | 18,623,000 | 17,928,000 | 17,222,000 |