Call reports 2003
FREEDOMBANK — 2003
What FREEDOMBANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 60,266,000 | 62,163,000 | 60,927,000 | 62,633,000 |
| Total loans | 31,570,000 | 32,229,000 | 33,067,000 | 33,412,000 |
| Allowance for loan losses | 386,000 | 385,000 | 412,000 | 410,000 |
| Securities available for sale | 25,167,000 | 25,919,000 | 22,819,000 | 24,113,000 |
| Securities held to maturity | 0 | 230,000 | 1,524,000 | 1,524,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,211,000 | 50,936,000 | 49,964,000 | 52,710,000 |
| Interest-bearing deposits | 45,701,000 | 45,940,000 | 45,597,000 | 47,931,000 |
| Noninterest-bearing deposits | 4,510,000 | 4,996,000 | 4,367,000 | 4,779,000 |
| Equity capital | 6,663,000 | 6,741,000 | 6,599,000 | 6,121,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 928,000 | 1,828,000 | 2,692,000 | 3,508,000 |
| Interest expense | 385,000 | 736,000 | 1,066,000 | 1,381,000 |
| Net interest income | 543,000 | 1,092,000 | 1,626,000 | 2,127,000 |
| Noninterest income | 61,000 | 111,000 | 165,000 | 208,000 |
| Noninterest expense | 289,000 | 576,000 | 862,000 | 1,166,000 |
| Provision for loan losses | 0 | 10,000 | 30,000 | 45,000 |
| Pretax income | 351,000 | 653,000 | 1,277,000 | 1,502,000 |
| Income tax | 18,000 | 33,000 | 65,000 | 76,000 |
| Net income | 333,000 | 620,000 | 1,212,000 | 1,426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,967,000 | 6,054,000 | 6,474,000 | 6,095,000 |
| Total capital | 6,353,000 | 6,439,000 | 6,886,000 | 6,505,000 |
| Risk-weighted assets | 34,861,000 | 36,004,000 | 36,642,000 | 37,045,000 |