Call reports 2008
FREEDOMBANK — 2008
What FREEDOMBANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 238,424,000 | 236,273,000 | 233,253,000 | 233,373,000 |
| Total loans | 168,232,000 | 173,291,000 | 174,347,000 | 173,954,000 |
| Allowance for loan losses | 1,906,000 | 2,211,000 | 2,236,000 | 2,492,000 |
| Securities available for sale | 49,237,000 | 44,159,000 | 42,732,000 | 41,172,000 |
| Securities held to maturity | 4,155,000 | 3,281,000 | 3,220,000 | 3,220,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 192,000,000 | 185,297,000 | 169,158,000 | 176,523,000 |
| Interest-bearing deposits | 172,370,000 | 162,132,000 | 148,087,000 | 152,030,000 |
| Noninterest-bearing deposits | 19,630,000 | 23,165,000 | 21,071,000 | 24,493,000 |
| Equity capital | 24,395,000 | 24,052,000 | 24,391,000 | 24,892,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,061,000 | 6,696,000 | 10,755,000 | 14,129,000 |
| Interest expense | 1,746,000 | 3,317,000 | 4,755,000 | 5,989,000 |
| Net interest income | 1,315,000 | 3,379,000 | 6,000,000 | 8,140,000 |
| Noninterest income | 227,000 | 447,000 | 678,000 | 864,000 |
| Noninterest expense | 947,000 | 1,894,000 | 2,812,000 | 3,680,000 |
| Provision for loan losses | 0 | 500,000 | 650,000 | 1,235,000 |
| Pretax income | 617,000 | 1,454,000 | 3,238,000 | 4,098,000 |
| Income tax | 37,000 | 77,000 | 20,000 | 30,000 |
| Net income | 580,000 | 846,000 | 2,583,000 | 3,368,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,696,000 | 19,507,000 | 20,230,000 | 20,010,000 |
| Total capital | 21,602,000 | 21,636,000 | 22,363,000 | 22,133,000 |
| Risk-weighted assets | 167,205,000 | 170,276,000 | 170,324,000 | 169,240,000 |