Call reports 2017
FREEDOM BANK — 2017
What FREEDOM BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 38,940,000 | 38,597,000 | 39,568,000 | 41,918,000 |
| Total loans | 19,237,000 | 18,181,000 | 16,325,000 | 14,573,000 |
| Allowance for loan losses | 234,000 | 211,000 | 184,000 | 179,000 |
| Securities available for sale | 3,587,000 | 3,357,000 | 3,112,000 | 2,877,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,613,000 | 34,225,000 | 35,196,000 | 37,552,000 |
| Interest-bearing deposits | 24,212,000 | 23,846,000 | 24,869,000 | 23,328,000 |
| Noninterest-bearing deposits | 10,401,000 | 10,379,000 | 10,326,000 | 14,224,000 |
| Equity capital | 4,232,000 | 4,264,000 | 4,270,000 | 4,248,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 345,000 | 690,000 | 1,017,000 | 1,341,000 |
| Interest expense | 41,000 | 82,000 | 125,000 | 167,000 |
| Net interest income | 304,000 | 608,000 | 892,000 | 1,174,000 |
| Noninterest income | 53,000 | 110,000 | 168,000 | 224,000 |
| Noninterest expense | 309,000 | 644,000 | 971,000 | 1,261,000 |
| Provision for loan losses | 15,000 | 20,000 | 25,000 | 30,000 |
| Pretax income | 33,000 | 54,000 | 64,000 | 107,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 33,000 | 54,000 | 64,000 | 107,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,673,000 | 3,694,000 | 3,704,000 | 3,697,000 |
| Total capital | 3,907,000 | 3,905,000 | 3,888,000 | 3,876,000 |
| Risk-weighted assets | 21,354,000 | 20,468,000 | 19,606,000 | 19,080,000 |