Call reports 2016
FREEDOM BANK — 2016
What FREEDOM BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 307,683,000 | 337,864,000 | 337,634,000 | 341,450,000 |
| Total loans | 264,875,000 | 272,167,000 | 289,275,000 | 301,966,000 |
| Allowance for loan losses | 2,997,000 | 3,105,000 | 3,262,000 | 3,420,000 |
| Securities available for sale | 1,327,000 | 1,239,000 | 1,139,000 | 536,000 |
| Securities held to maturity | 1,057,000 | 997,000 | 949,000 | 1,123,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 259,496,000 | 290,383,000 | 290,447,000 | 290,662,000 |
| Interest-bearing deposits | 232,787,000 | 261,430,000 | 259,702,000 | 256,723,000 |
| Noninterest-bearing deposits | 26,709,000 | 28,953,000 | 30,745,000 | 33,939,000 |
| Equity capital | 30,296,000 | 30,802,000 | 31,213,000 | 31,850,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 3,595,000 | 7,171,000 | 10,927,000 | 14,825,000 |
| Interest expense | 706,000 | 1,501,000 | 2,326,000 | 3,115,000 |
| Net interest income | 2,889,000 | 5,670,000 | 8,601,000 | 11,710,000 |
| Noninterest income | 38,000 | 95,000 | 151,000 | 250,000 |
| Noninterest expense | 1,655,000 | 3,506,000 | 5,348,000 | 7,163,000 |
| Provision for loan losses | 152,000 | 253,000 | 404,000 | 556,000 |
| Pretax income | 1,120,000 | 2,006,000 | 3,000,000 | 4,241,000 |
| Income tax | 409,000 | 700,000 | 1,029,000 | 1,455,000 |
| Net income | 711,000 | 1,306,000 | 1,971,000 | 2,786,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,264,000 | 30,773,000 | 31,193,000 | 31,835,000 |
| Total capital | 33,261,000 | 33,878,000 | 34,455,000 | 35,255,000 |
| Risk-weighted assets | 265,990,000 | 276,387,000 | 291,664,000 | 301,123,000 |