Call reports 2003
FREEDOM NATIONAL BANK — 2003
What FREEDOM NATIONAL BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 26,986,000 | 29,568,000 | 37,157,000 | 38,640,000 |
| Total loans | 15,276,000 | 18,975,000 | 22,022,000 | 24,706,000 |
| Allowance for loan losses | 84,000 | 136,000 | 166,000 | 191,000 |
| Securities available for sale | 7,003,000 | 6,009,000 | 7,981,000 | 8,027,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,685,000 | 22,400,000 | 30,049,000 | 31,636,000 |
| Interest-bearing deposits | 17,350,000 | 21,317,000 | 28,017,000 | 29,620,000 |
| Noninterest-bearing deposits | 1,335,000 | 1,083,000 | 2,032,000 | 2,016,000 |
| Equity capital | 7,244,000 | 7,122,000 | 7,015,000 | 6,907,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 272,000 | 618,000 | 1,031,000 | 1,467,000 |
| Interest expense | 111,000 | 238,000 | 384,000 | 549,000 |
| Net interest income | 161,000 | 380,000 | 647,000 | 918,000 |
| Noninterest income | 8,000 | 20,000 | 30,000 | 40,000 |
| Noninterest expense | 326,000 | 695,000 | 1,092,000 | 1,507,000 |
| Provision for loan losses | 32,000 | 84,000 | 114,000 | 139,000 |
| Pretax income | -167,000 | -346,000 | -496,000 | -655,000 |
| Income tax | -57,000 | -118,000 | -170,000 | -224,000 |
| Net income | -110,000 | -228,000 | -326,000 | -431,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,217,000 | 7,099,000 | 7,001,000 | 6,896,000 |
| Total capital | 7,301,000 | 7,235,000 | 7,167,000 | 7,087,000 |
| Risk-weighted assets | 16,895,000 | 20,139,000 | 24,197,000 | 26,510,000 |