Call reports 2014
FREEDOM BANK — 2014
What FREEDOM BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 43,397,000 | 44,577,000 | 46,429,000 | 47,045,000 |
| Total loans | 25,695,000 | 28,225,000 | 27,327,000 | 27,518,000 |
| Allowance for loan losses | 196,000 | 190,000 | 208,000 | 205,000 |
| Securities available for sale | 9,801,000 | 9,502,000 | 8,629,000 | 8,344,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,257,000 | 40,309,000 | 42,145,000 | 42,787,000 |
| Interest-bearing deposits | 26,891,000 | 27,595,000 | 28,225,000 | 27,132,000 |
| Noninterest-bearing deposits | 12,365,000 | 12,714,000 | 13,920,000 | 15,656,000 |
| Equity capital | 4,051,000 | 4,166,000 | 4,172,000 | 4,178,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 473,000 | 952,000 | 1,465,000 | 1,996,000 |
| Interest expense | 30,000 | 61,000 | 89,000 | 121,000 |
| Net interest income | 443,000 | 891,000 | 1,376,000 | 1,875,000 |
| Noninterest income | 89,000 | 203,000 | 289,000 | 356,000 |
| Noninterest expense | 330,000 | 663,000 | 1,002,000 | 1,320,000 |
| Provision for loan losses | 5,000 | 5,000 | 25,000 | 35,000 |
| Pretax income | 197,000 | 426,000 | 638,000 | 876,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 197,000 | 426,000 | 638,000 | 876,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,509,000 | 3,558,000 | 3,589,000 | 3,568,000 |
| Total capital | 3,705,000 | 3,748,000 | 3,797,000 | 3,773,000 |
| Risk-weighted assets | 26,068,000 | 28,786,000 | 28,753,000 | 29,689,000 |