Call reports 2009
FREEDOM BANK — 2009
What FREEDOM BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 37,820,000 | 37,432,000 | 35,684,000 | 33,948,000 |
| Total loans | 22,644,000 | 24,389,000 | 24,682,000 | 25,010,000 |
| Allowance for loan losses | 119,000 | 126,000 | 132,000 | 138,000 |
| Securities available for sale | 5,037,000 | 4,212,000 | 3,526,000 | 1,805,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,219,000 | 33,786,000 | 31,999,000 | 30,522,000 |
| Interest-bearing deposits | 21,234,000 | 23,170,000 | 21,985,000 | 21,525,000 |
| Noninterest-bearing deposits | 12,985,000 | 10,616,000 | 10,014,000 | 8,997,000 |
| Equity capital | 3,457,000 | 3,474,000 | 3,505,000 | 3,304,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 546,000 | 1,096,000 | 1,651,000 | 2,209,000 |
| Interest expense | 85,000 | 168,000 | 255,000 | 336,000 |
| Net interest income | 461,000 | 928,000 | 1,396,000 | 1,873,000 |
| Noninterest income | 45,000 | 106,000 | 164,000 | 232,000 |
| Noninterest expense | 304,000 | 601,000 | 894,000 | 1,195,000 |
| Provision for loan losses | 15,000 | 30,000 | 55,000 | 65,000 |
| Pretax income | 187,000 | 403,000 | 611,000 | 854,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 187,000 | 403,000 | 611,000 | 854,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,640,000 | 2,680,000 | 2,737,000 | 2,580,000 |
| Total capital | 2,759,000 | 2,806,000 | 2,869,000 | 2,718,000 |
| Risk-weighted assets | 23,836,000 | 24,442,000 | 24,208,000 | 24,163,000 |