Call reports 2017
FREEDOM BANK — 2017
What FREEDOM BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 344,995,000 | 349,911,000 | 367,022,000 | 382,463,000 |
| Total loans | 305,554,000 | 320,897,000 | 335,218,000 | 345,255,000 |
| Allowance for loan losses | 3,583,000 | 3,740,000 | 4,046,000 | 4,046,000 |
| Securities available for sale | 521,000 | 503,000 | 487,000 | 469,000 |
| Securities held to maturity | 1,106,000 | 1,076,000 | 1,059,000 | 825,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 297,935,000 | 303,026,000 | 311,003,000 | 327,570,000 |
| Interest-bearing deposits | 263,666,000 | 264,661,000 | 268,662,000 | 285,025,000 |
| Noninterest-bearing deposits | 34,269,000 | 38,365,000 | 42,341,000 | 42,545,000 |
| Equity capital | 32,602,000 | 33,343,000 | 34,268,000 | 34,337,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 4,021,000 | 8,084,000 | 12,516,000 | 17,055,000 |
| Interest expense | 778,000 | 1,581,000 | 2,441,000 | 3,386,000 |
| Net interest income | 3,243,000 | 6,503,000 | 10,075,000 | 13,669,000 |
| Noninterest income | 113,000 | 236,000 | 360,000 | 565,000 |
| Noninterest expense | 1,925,000 | 3,842,000 | 5,831,000 | 7,790,000 |
| Provision for loan losses | 152,000 | 303,000 | 404,000 | 404,000 |
| Pretax income | 1,279,000 | 2,594,000 | 4,200,000 | 6,040,000 |
| Income tax | 434,000 | 887,000 | 1,444,000 | 2,414,000 |
| Net income | 845,000 | 1,707,000 | 2,756,000 | 3,626,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,586,000 | 33,296,000 | 34,221,000 | 34,292,000 |
| Total capital | 36,169,000 | 37,036,000 | 38,267,000 | 38,338,000 |
| Risk-weighted assets | 306,281,000 | 324,395,000 | 331,775,000 | 336,551,000 |