Call reports 2016
FREEDOM BANK — 2016
What FREEDOM BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 44,365,000 | 39,798,000 | 40,212,000 | 39,347,000 |
| Total loans | 22,490,000 | 22,444,000 | 19,635,000 | 19,003,000 |
| Allowance for loan losses | 280,000 | 246,000 | 176,000 | 262,000 |
| Securities available for sale | 5,234,000 | 4,476,000 | 4,200,000 | 3,832,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,127,000 | 35,428,000 | 35,774,000 | 35,033,000 |
| Interest-bearing deposits | 25,024,000 | 24,303,000 | 23,981,000 | 24,010,000 |
| Noninterest-bearing deposits | 15,103,000 | 11,125,000 | 11,793,000 | 11,023,000 |
| Equity capital | 4,160,000 | 4,271,000 | 4,318,000 | 4,201,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 402,000 | 801,000 | 1,168,000 | 1,527,000 |
| Interest expense | 38,000 | 77,000 | 115,000 | 157,000 |
| Net interest income | 364,000 | 724,000 | 1,053,000 | 1,370,000 |
| Noninterest income | 12,000 | 77,000 | 118,000 | 180,000 |
| Noninterest expense | 323,000 | 647,000 | 955,000 | 1,265,000 |
| Provision for loan losses | 111,000 | 121,000 | 136,000 | 256,000 |
| Pretax income | -58,000 | 33,000 | 80,000 | 29,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -58,000 | 33,000 | 80,000 | 29,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,553,000 | 3,644,000 | 3,692,000 | 3,640,000 |
| Total capital | 3,833,000 | 3,890,000 | 3,868,000 | 3,902,000 |
| Risk-weighted assets | 24,770,000 | 24,054,000 | 22,221,000 | 21,304,000 |