Call reports 2007
FREEDOM BANK — 2007
What FREEDOM BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 39,406,000 | 34,783,000 | 32,314,000 | 32,479,000 |
| Total loans | 20,783,000 | 21,869,000 | 22,864,000 | 22,435,000 |
| Allowance for loan losses | 99,000 | 98,000 | 85,000 | 109,000 |
| Securities available for sale | 5,625,000 | 5,566,000 | 2,539,000 | 3,435,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,150,000 | 31,437,000 | 29,066,000 | 29,310,000 |
| Interest-bearing deposits | 22,724,000 | 20,572,000 | 18,762,000 | 19,287,000 |
| Noninterest-bearing deposits | 13,426,000 | 10,865,000 | 10,304,000 | 10,023,000 |
| Equity capital | 3,033,000 | 3,078,000 | 3,016,000 | 2,947,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 642,000 | 1,298,000 | 1,897,000 | 2,491,000 |
| Interest expense | 196,000 | 391,000 | 562,000 | 715,000 |
| Net interest income | 446,000 | 907,000 | 1,335,000 | 1,776,000 |
| Noninterest income | 54,000 | 114,000 | 172,000 | 228,000 |
| Noninterest expense | 275,000 | 558,000 | 839,000 | 1,123,000 |
| Provision for loan losses | 0 | 5,000 | 20,000 | 65,000 |
| Pretax income | 225,000 | 458,000 | 648,000 | 816,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 225,000 | 458,000 | 648,000 | 816,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,365,000 | 2,428,000 | 2,335,000 | 2,250,000 |
| Total capital | 2,464,000 | 2,526,000 | 2,420,000 | 2,359,000 |
| Risk-weighted assets | 21,898,000 | 21,352,000 | 22,066,000 | 21,915,000 |