Call reports 2010
FREEDOM BANK — 2010
What FREEDOM BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 32,847,000 | 33,924,000 | 38,931,000 | 40,785,000 |
| Total loans | 25,261,000 | 27,306,000 | 28,256,000 | 27,161,000 |
| Allowance for loan losses | 154,000 | 155,000 | 147,000 | 154,000 |
| Securities available for sale | 1,016,000 | 969,000 | 919,000 | 857,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,367,000 | 30,357,000 | 35,307,000 | 37,417,000 |
| Interest-bearing deposits | 20,839,000 | 21,183,000 | 23,505,000 | 24,475,000 |
| Noninterest-bearing deposits | 8,527,000 | 9,174,000 | 11,802,000 | 12,942,000 |
| Equity capital | 3,385,000 | 3,457,000 | 3,493,000 | 3,273,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 504,000 | 1,026,000 | 1,579,000 | 2,124,000 |
| Interest expense | 72,000 | 142,000 | 212,000 | 283,000 |
| Net interest income | 432,000 | 884,000 | 1,367,000 | 1,841,000 |
| Noninterest income | 63,000 | 152,000 | 225,000 | 320,000 |
| Noninterest expense | 314,000 | 616,000 | 918,000 | 1,219,000 |
| Provision for loan losses | 10,000 | 10,000 | 30,000 | 65,000 |
| Pretax income | 171,000 | 410,000 | 644,000 | 877,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 171,000 | 410,000 | 644,000 | 877,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,650,000 | 2,739,000 | 2,788,000 | 2,589,000 |
| Total capital | 2,804,000 | 2,894,000 | 2,935,000 | 2,743,000 |
| Risk-weighted assets | 24,055,000 | 25,903,000 | 27,506,000 | 26,588,000 |