Call reports 2005
FREEDOM BANK — 2005
What FREEDOM BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Total assets | 27,765,000 | 51,573,000 | 89,991,000 |
| Total loans | 16,188,000 | 40,666,000 | 66,518,000 |
| Allowance for loan losses | 150,000 | 460,000 | 752,000 |
| Securities available for sale | 248,000 | 249,000 | 747,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 12,201,000 | 36,248,000 | 73,907,000 |
| Interest-bearing deposits | 8,163,000 | 34,163,000 | 70,101,000 |
| Noninterest-bearing deposits | 4,038,000 | 2,085,000 | 3,806,000 |
| Equity capital | 15,510,000 | 15,215,000 | 15,227,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Interest income | 93,000 | 702,000 | 1,912,000 |
| Interest expense | 9,000 | 260,000 | 819,000 |
| Net interest income | 84,000 | 442,000 | 1,093,000 |
| Noninterest income | 15,000 | 162,000 | 266,000 |
| Noninterest expense | 752,000 | 1,446,000 | 2,202,000 |
| Provision for loan losses | 150,000 | 460,000 | 776,000 |
| Pretax income | -803,000 | -1,302,000 | -1,619,000 |
| Income tax | -111,000 | -302,000 | -632,000 |
| Net income | -692,000 | -1,000,000 | -987,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Tier 1 capital | 15,510,000 | 15,215,000 | 14,596,000 |
| Total capital | 15,660,000 | 15,675,000 | 15,348,000 |
| Risk-weighted assets | 18,445,000 | 42,267,000 | 70,773,000 |