Call reports 2009
FREEDOM BANK — 2009
What FREEDOM BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 91,644,000 | 101,559,000 | 112,580,000 | 113,167,000 |
| Total loans | 51,568,000 | 71,014,000 | 81,268,000 | 89,972,000 |
| Allowance for loan losses | 500,000 | 1,015,000 | 1,171,000 | 1,221,000 |
| Securities available for sale | 14,016,000 | 6,561,000 | 6,081,000 | 4,921,000 |
| Securities held to maturity | 7,063,000 | 8,134,000 | 7,723,000 | 7,397,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,346,000 | 90,682,000 | 101,600,000 | 102,395,000 |
| Interest-bearing deposits | 75,243,000 | 84,571,000 | 96,248,000 | 97,092,000 |
| Noninterest-bearing deposits | 5,103,000 | 6,111,000 | 5,352,000 | 5,303,000 |
| Equity capital | 11,061,000 | 10,585,000 | 10,686,000 | 10,423,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 839,000 | 1,971,000 | 3,317,000 | 4,706,000 |
| Interest expense | 497,000 | 978,000 | 1,458,000 | 1,887,000 |
| Net interest income | 342,000 | 993,000 | 1,859,000 | 2,819,000 |
| Noninterest income | 23,000 | 42,000 | 62,000 | 82,000 |
| Noninterest expense | 541,000 | 1,114,000 | 1,794,000 | 2,639,000 |
| Provision for loan losses | 160,000 | 675,000 | 831,000 | 1,204,000 |
| Pretax income | -336,000 | -754,000 | -704,000 | -942,000 |
| Income tax | 2,000 | 3,000 | 3,000 | 5,000 |
| Net income | -338,000 | -757,000 | -707,000 | -947,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,874,000 | 10,456,000 | 10,504,000 | 10,265,000 |
| Total capital | 11,374,000 | 11,461,000 | 11,649,000 | 11,387,000 |
| Risk-weighted assets | 55,021,000 | 80,375,000 | 90,838,000 | 88,868,000 |