Call reports 2007
FREEDOM STATE BANK, THE — 2007
What FREEDOM STATE BANK, THE reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 18,879,000 | 17,297,000 | 17,436,000 | 17,632,000 |
| Total loans | 6,416,000 | 6,819,000 | 7,277,000 | 7,362,000 |
| Allowance for loan losses | 162,000 | 162,000 | 162,000 | 163,000 |
| Securities available for sale | 1,588,000 | 1,583,000 | 1,398,000 | 1,207,000 |
| Securities held to maturity | 3,087,000 | 3,415,000 | 3,418,000 | 2,626,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 17,487,000 | 15,860,000 | 15,970,000 | 16,154,000 |
| Interest-bearing deposits | 14,553,000 | 13,017,000 | 13,054,000 | 12,657,000 |
| Noninterest-bearing deposits | 2,934,000 | 2,843,000 | 2,916,000 | 3,497,000 |
| Equity capital | 1,319,000 | 1,358,000 | 1,403,000 | 1,413,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 260,000 | 506,000 | 745,000 | 986,000 |
| Interest expense | 112,000 | 214,000 | 316,000 | 415,000 |
| Net interest income | 148,000 | 292,000 | 429,000 | 571,000 |
| Noninterest income | 17,000 | 34,000 | 54,000 | 71,000 |
| Noninterest expense | 120,000 | 234,000 | 349,000 | 507,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 45,000 | 92,000 | 134,000 | 135,000 |
| Income tax | 6,000 | 8,000 | 21,000 | 20,000 |
| Net income | 39,000 | 84,000 | 113,000 | 115,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,335,000 | 1,380,000 | 1,409,000 | 1,411,000 |
| Total capital | 1,440,000 | 1,484,000 | 1,518,000 | 1,522,000 |
| Risk-weighted assets | 8,305,000 | 8,229,000 | 8,671,000 | 8,819,000 |