Call reports 2004
FREEDOMBANK — 2004
What FREEDOMBANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 62,711,000 | 65,278,000 | 66,710,000 | 68,463,000 |
| Total loans | 34,758,000 | 36,064,000 | 37,333,000 | 36,198,000 |
| Allowance for loan losses | 453,000 | 466,000 | 470,000 | 401,000 |
| Securities available for sale | 22,883,000 | 24,128,000 | 24,284,000 | 26,949,000 |
| Securities held to maturity | 1,524,000 | 1,714,000 | 1,714,000 | 1,714,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,561,000 | 54,814,000 | 55,714,000 | 59,463,000 |
| Interest-bearing deposits | 47,056,000 | 49,508,000 | 50,820,000 | 53,435,000 |
| Noninterest-bearing deposits | 5,505,000 | 5,306,000 | 4,894,000 | 6,028,000 |
| Equity capital | 6,339,000 | 5,782,000 | 6,316,000 | 5,702,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 841,000 | 1,677,000 | 2,558,000 | 3,432,000 |
| Interest expense | 299,000 | 592,000 | 896,000 | 1,214,000 |
| Net interest income | 542,000 | 1,085,000 | 1,662,000 | 2,218,000 |
| Noninterest income | 63,000 | 140,000 | 201,000 | 251,000 |
| Noninterest expense | 305,000 | 640,000 | 958,000 | 1,227,000 |
| Provision for loan losses | 50,000 | 60,000 | 60,000 | 525,000 |
| Pretax income | 254,000 | 549,000 | 869,000 | 741,000 |
| Income tax | 13,000 | 27,000 | 42,000 | 36,000 |
| Net income | 241,000 | 522,000 | 827,000 | 705,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,122,000 | 6,211,000 | 6,291,000 | 5,864,000 |
| Total capital | 6,575,000 | 6,677,000 | 6,761,000 | 6,265,000 |
| Risk-weighted assets | 38,549,000 | 39,979,000 | 40,992,000 | 40,462,000 |