Call reports 2002
FREEDOM NATIONAL BANK — 2002
What FREEDOM NATIONAL BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 11,932,000 | 15,296,000 | 22,320,000 | 23,522,000 |
| Total loans | 406,000 | 2,560,000 | 4,179,000 | 8,959,000 |
| Allowance for loan losses | 0 | 18,000 | 28,000 | 52,000 |
| Securities available for sale | 6,048,000 | 5,033,000 | 12,069,000 | 10,081,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,094,000 | 7,585,000 | 12,801,000 | 16,061,000 |
| Interest-bearing deposits | 3,637,000 | 6,770,000 | 11,757,000 | 14,630,000 |
| Noninterest-bearing deposits | 457,000 | 815,000 | 1,044,000 | 1,431,000 |
| Equity capital | 7,785,000 | 7,659,000 | 7,501,000 | 7,375,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 35,000 | 116,000 | 230,000 | 414,000 |
| Interest expense | 16,000 | 52,000 | 126,000 | 226,000 |
| Net interest income | 19,000 | 64,000 | 104,000 | 188,000 |
| Noninterest income | 2,000 | 4,000 | 9,000 | 13,000 |
| Noninterest expense | 290,000 | 553,000 | 837,000 | 1,116,000 |
| Provision for loan losses | 0 | 18,000 | 28,000 | 52,000 |
| Pretax income | -269,000 | -503,000 | -752,000 | -967,000 |
| Income tax | -108,000 | -205,000 | -283,000 | -345,000 |
| Net income | -161,000 | -298,000 | -469,000 | -622,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,788,000 | 7,651,000 | 7,480,000 | 7,327,000 |
| Total capital | 7,788,000 | 7,669,000 | 7,508,000 | 7,379,000 |
| Risk-weighted assets | 3,804,000 | 5,976,000 | 8,366,000 | 11,254,000 |