Call reports 2007
FREEDOM BANK — 2007
What FREEDOM BANK 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 | 262,569,000 | 279,482,000 | 290,908,000 | 291,586,000 |
| Total loans | 208,180,000 | 225,851,000 | 235,674,000 | 239,073,000 |
| Allowance for loan losses | 2,730,000 | 3,498,000 | 3,231,000 | 8,796,000 |
| Securities available for sale | 6,953,000 | 9,404,000 | 12,484,000 | 13,067,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 229,468,000 | 242,761,000 | 255,741,000 | 257,132,000 |
| Interest-bearing deposits | 214,348,000 | 229,501,000 | 242,675,000 | 244,532,000 |
| Noninterest-bearing deposits | 15,119,000 | 13,260,000 | 13,066,000 | 12,600,000 |
| Equity capital | 30,267,000 | 29,753,000 | 29,692,000 | 25,435,000 |
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 | 4,146,000 | 8,888,000 | 14,122,000 | 19,067,000 |
| Interest expense | 2,511,000 | 5,358,000 | 8,538,000 | 11,683,000 |
| Net interest income | 1,635,000 | 3,530,000 | 5,584,000 | 7,384,000 |
| Noninterest income | 100,000 | 193,000 | 229,000 | 411,000 |
| Noninterest expense | 1,974,000 | 4,098,000 | 6,346,000 | 9,292,000 |
| Provision for loan losses | 729,000 | 1,614,000 | 1,772,000 | 7,719,000 |
| Pretax income | -968,000 | -1,989,000 | -2,305,000 | -9,216,000 |
| Income tax | -353,000 | -763,000 | -838,000 | -3,340,000 |
| Net income | -615,000 | -1,226,000 | -1,467,000 | -5,876,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,196,000 | 28,289,000 | 28,166,000 | 21,614,000 |
| Total capital | 31,891,000 | 31,189,000 | 31,175,000 | 24,925,000 |
| Risk-weighted assets | 215,602,000 | 231,435,000 | 240,516,000 | 259,433,000 |