Call reports 2013
FREEDOM BANK — 2013
What FREEDOM BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 167,713,000 | 185,869,000 | 202,661,000 | 203,214,000 |
| Total loans | 144,856,000 | 162,282,000 | 173,456,000 | 182,860,000 |
| Allowance for loan losses | 1,544,000 | 1,628,000 | 1,710,000 | 1,741,000 |
| Securities available for sale | 5,306,000 | 5,196,000 | 4,916,000 | 4,739,000 |
| Securities held to maturity | 1,401,000 | 1,272,000 | 1,448,000 | 1,352,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 146,284,000 | 164,110,000 | 172,827,000 | 169,266,000 |
| Interest-bearing deposits | 132,088,000 | 148,142,000 | 155,453,000 | 152,573,000 |
| Noninterest-bearing deposits | 14,196,000 | 15,968,000 | 17,374,000 | 16,693,000 |
| Equity capital | 20,790,000 | 21,024,000 | 21,320,000 | 21,566,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,144,000 | 4,290,000 | 6,673,000 | 9,291,000 |
| Interest expense | 308,000 | 633,000 | 1,004,000 | 1,415,000 |
| Net interest income | 1,836,000 | 3,657,000 | 5,669,000 | 7,876,000 |
| Noninterest income | 22,000 | 45,000 | 66,000 | 94,000 |
| Noninterest expense | 1,362,000 | 2,710,000 | 4,133,000 | 5,830,000 |
| Provision for loan losses | 71,000 | 140,000 | 224,000 | 308,000 |
| Pretax income | 425,000 | 852,000 | 1,378,000 | 1,832,000 |
| Income tax | 170,000 | 340,000 | 550,000 | 742,000 |
| Net income | 255,000 | 512,000 | 828,000 | 1,090,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,695,000 | 20,942,000 | 21,248,000 | 21,501,000 |
| Total capital | 22,239,000 | 22,570,000 | 22,958,000 | 23,242,000 |
| Risk-weighted assets | 138,446,000 | 154,368,000 | 167,014,000 | 173,484,000 |