Call reports 2002
FREEDOMBANK — 2002
What FREEDOMBANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 64,564,000 | 66,023,000 | 61,799,000 | 61,575,000 |
| Total loans | 30,332,000 | 31,272,000 | 31,359,000 | 30,844,000 |
| Allowance for loan losses | 350,000 | 367,000 | 373,000 | 381,000 |
| Securities available for sale | 30,819,000 | 28,212,000 | 26,317,000 | 27,074,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,153,000 | 53,532,000 | 49,754,000 | 51,454,000 |
| Interest-bearing deposits | 50,084,000 | 49,738,000 | 45,794,000 | 46,739,000 |
| Noninterest-bearing deposits | 4,069,000 | 3,794,000 | 3,960,000 | 4,715,000 |
| Equity capital | 5,920,000 | 6,253,000 | 6,706,000 | 6,716,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,046,000 | 2,119,000 | 3,164,000 | 4,082,000 |
| Interest expense | 496,000 | 968,000 | 1,430,000 | 1,838,000 |
| Net interest income | 550,000 | 1,151,000 | 1,734,000 | 2,244,000 |
| Noninterest income | 58,000 | 101,000 | 166,000 | 214,000 |
| Noninterest expense | 272,000 | 646,000 | 921,000 | 1,189,000 |
| Provision for loan losses | 0 | 20,000 | 25,000 | 45,000 |
| Pretax income | 490,000 | 740,000 | 1,253,000 | 1,523,000 |
| Income tax | 24,000 | 39,000 | 63,000 | 77,000 |
| Net income | 466,000 | 701,000 | 1,190,000 | 1,446,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,522,000 | 5,477,000 | 5,826,000 | 5,788,000 |
| Total capital | 5,872,000 | 5,844,000 | 6,199,000 | 6,169,000 |
| Risk-weighted assets | 34,764,000 | 35,877,000 | 34,972,000 | 34,324,000 |