Call reports 2008
FREEDOM BANK — 2008
What FREEDOM BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 35,209,000 | 60,968,000 | 46,186,000 | 39,856,000 |
| Total loans | 22,232,000 | 21,588,000 | 20,979,000 | 22,957,000 |
| Allowance for loan losses | 105,000 | 100,000 | 111,000 | 108,000 |
| Securities available for sale | 3,387,000 | 5,355,000 | 4,958,000 | 4,841,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,918,000 | 57,622,000 | 42,743,000 | 36,391,000 |
| Interest-bearing deposits | 19,098,000 | 22,009,000 | 25,352,000 | 21,321,000 |
| Noninterest-bearing deposits | 12,820,000 | 35,613,000 | 17,391,000 | 15,071,000 |
| Equity capital | 3,098,000 | 3,132,000 | 3,270,000 | 3,341,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 570,000 | 1,149,000 | 1,769,000 | 2,346,000 |
| Interest expense | 130,000 | 241,000 | 338,000 | 429,000 |
| Net interest income | 440,000 | 908,000 | 1,431,000 | 1,917,000 |
| Noninterest income | 63,000 | 112,000 | 166,000 | 227,000 |
| Noninterest expense | 293,000 | 600,000 | 893,000 | 1,172,000 |
| Provision for loan losses | 0 | 0 | 0 | 10,000 |
| Pretax income | 210,000 | 420,000 | 704,000 | 962,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 210,000 | 420,000 | 704,000 | 962,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,361,000 | 2,423,000 | 2,554,000 | 2,563,000 |
| Total capital | 2,466,000 | 2,523,000 | 2,665,000 | 2,671,000 |
| Risk-weighted assets | 23,561,000 | 28,256,000 | 24,696,000 | 24,791,000 |