Call reports 2004
FREEDOM NATIONAL BANK — 2004
What FREEDOM NATIONAL BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 42,330,000 | 45,162,000 | 46,507,000 | 48,975,000 |
| Total loans | 25,381,000 | 28,881,000 | 30,556,000 | 32,935,000 |
| Allowance for loan losses | 198,000 | 239,000 | 245,000 | 253,000 |
| Securities available for sale | 12,683,000 | 11,810,000 | 12,416,000 | 12,117,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,454,000 | 38,079,000 | 39,535,000 | 42,379,000 |
| Interest-bearing deposits | 33,408,000 | 35,124,000 | 36,844,000 | 38,148,000 |
| Noninterest-bearing deposits | 2,046,000 | 2,955,000 | 2,691,000 | 4,231,000 |
| Equity capital | 6,824,000 | 6,550,000 | 6,542,000 | 6,481,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 422,000 | 896,000 | 1,425,000 | 1,995,000 |
| Interest expense | 179,000 | 369,000 | 575,000 | 791,000 |
| Net interest income | 243,000 | 527,000 | 850,000 | 1,204,000 |
| Noninterest income | 19,000 | 28,000 | 29,000 | 44,000 |
| Noninterest expense | 414,000 | 819,000 | 1,259,000 | 1,670,000 |
| Provision for loan losses | 6,000 | 48,000 | 54,000 | 62,000 |
| Pretax income | -158,000 | -314,000 | -436,000 | -485,000 |
| Income tax | -54,000 | -89,000 | -131,000 | -148,000 |
| Net income | -104,000 | -225,000 | -305,000 | -337,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,792,000 | 6,671,000 | 6,591,000 | 6,559,000 |
| Total capital | 6,990,000 | 6,910,000 | 6,836,000 | 6,812,000 |
| Risk-weighted assets | 27,874,000 | 31,366,000 | 32,947,000 | 33,139,000 |