Call reports 2008
FREEDOM BANK — 2008
What FREEDOM BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Total assets | 290,891,000 | 284,145,000 | 270,842,000 |
| Total loans | 240,413,000 | 231,994,000 | 211,900,000 |
| Allowance for loan losses | 14,748,000 | 18,080,000 | 15,273,000 |
| Securities available for sale | 13,534,000 | 12,662,000 | 12,367,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 259,977,000 | 264,584,000 | 256,793,000 |
| Interest-bearing deposits | 246,098,000 | 250,144,000 | 247,720,000 |
| Noninterest-bearing deposits | 13,879,000 | 14,440,000 | 9,073,000 |
| Equity capital | 20,391,000 | 13,240,000 | 10,069,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Interest income | 4,225,000 | 7,770,000 | 11,381,000 |
| Interest expense | 3,037,000 | 5,995,000 | 8,756,000 |
| Net interest income | 1,188,000 | 1,775,000 | 2,625,000 |
| Noninterest income | 71,000 | -313,000 | -246,000 |
| Noninterest expense | 1,742,000 | 3,769,000 | 6,413,000 |
| Provision for loan losses | 7,462,000 | 12,606,000 | 14,100,000 |
| Pretax income | -7,945,000 | -14,913,000 | -18,134,000 |
| Income tax | -111,000 | -111,000 | -111,000 |
| Net income | -7,834,000 | -14,802,000 | -18,023,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Tier 1 capital | 16,446,000 | 8,793,000 | 5,439,000 |
| Total capital | 19,773,000 | 11,995,000 | 8,532,000 |
| Risk-weighted assets | 254,726,000 | 241,244,000 | 247,479,000 |