Call reports 2008
FREEDOM BANK — 2008
What FREEDOM BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Total assets | 34,674,000 | 51,216,000 | 79,049,000 |
| Total loans | 3,791,000 | 21,275,000 | 33,807,000 |
| Allowance for loan losses | 60,000 | 210,000 | 340,000 |
| Securities available for sale | 0 | 16,770,000 | 29,474,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 22,332,000 | 39,440,000 | 67,469,000 |
| Interest-bearing deposits | 20,229,000 | 36,254,000 | 62,776,000 |
| Noninterest-bearing deposits | 2,103,000 | 3,187,000 | 4,693,000 |
| Equity capital | 12,144,000 | 11,614,000 | 11,378,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Interest income | 342,000 | 666,000 | 1,333,000 |
| Interest expense | 85,000 | 312,000 | 742,000 |
| Net interest income | 257,000 | 354,000 | 591,000 |
| Noninterest income | 1,000 | 10,000 | 28,000 |
| Noninterest expense | 1,212,000 | 1,711,000 | 2,226,000 |
| Provision for loan losses | 60,000 | 210,000 | 340,000 |
| Pretax income | -1,014,000 | -1,557,000 | -1,947,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -1,014,000 | -1,557,000 | -1,947,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Tier 1 capital | 12,144,000 | 11,601,000 | 11,212,000 |
| Total capital | 12,204,000 | 11,811,000 | 11,552,000 |
| Risk-weighted assets | 10,798,000 | 27,986,000 | 43,682,000 |