Call reports 2014
FREEDOM BANK — 2014
What FREEDOM BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 217,084,000 | 233,478,000 | 248,818,000 | 255,071,000 |
| Total loans | 199,532,000 | 208,092,000 | 219,970,000 | 225,297,000 |
| Allowance for loan losses | 1,889,000 | 2,042,000 | 2,105,000 | 2,262,000 |
| Securities available for sale | 4,044,000 | 3,744,000 | 3,629,000 | 3,070,000 |
| Securities held to maturity | 1,302,000 | 1,250,000 | 1,229,000 | 1,174,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 183,176,000 | 195,255,000 | 206,197,000 | 212,753,000 |
| Interest-bearing deposits | 165,337,000 | 160,941,000 | 183,150,000 | 190,536,000 |
| Noninterest-bearing deposits | 17,839,000 | 34,314,000 | 23,047,000 | 22,217,000 |
| Equity capital | 21,859,000 | 22,307,000 | 22,772,000 | 27,610,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,642,000 | 5,435,000 | 8,336,000 | 11,360,000 |
| Interest expense | 409,000 | 897,000 | 1,417,000 | 1,982,000 |
| Net interest income | 2,233,000 | 4,538,000 | 6,919,000 | 9,378,000 |
| Noninterest income | 34,000 | 64,000 | 94,000 | 120,000 |
| Noninterest expense | 1,635,000 | 3,094,000 | 4,601,000 | 6,090,000 |
| Provision for loan losses | 136,000 | 283,000 | 435,000 | 585,000 |
| Pretax income | 496,000 | 1,225,000 | 1,977,000 | 2,823,000 |
| Income tax | 199,000 | 472,000 | 745,000 | 1,068,000 |
| Net income | 297,000 | 753,000 | 1,232,000 | 1,755,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,789,000 | 22,236,000 | 22,706,000 | 27,555,000 |
| Total capital | 23,678,000 | 24,278,000 | 24,811,000 | 29,817,000 |
| Risk-weighted assets | 187,527,000 | 197,115,000 | 207,340,000 | 212,280,000 |