Call reports 2005
FREEDOM NATIONAL BANK — 2005
What FREEDOM NATIONAL BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 51,099,000 | 53,845,000 | 60,053,000 | 63,875,000 |
| Total loans | 36,139,000 | 38,382,000 | 41,973,000 | 43,158,000 |
| Allowance for loan losses | 287,000 | 293,000 | 308,000 | 319,000 |
| Securities available for sale | 11,276,000 | 11,321,000 | 12,807,000 | 17,073,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,182,000 | 47,210,000 | 53,427,000 | 57,358,000 |
| Interest-bearing deposits | 40,487,000 | 43,725,000 | 49,707,000 | 52,951,000 |
| Noninterest-bearing deposits | 2,695,000 | 3,485,000 | 3,720,000 | 4,407,000 |
| Equity capital | 6,398,000 | 6,433,000 | 6,434,000 | 6,437,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 619,000 | 1,299,000 | 2,095,000 | 2,964,000 |
| Interest expense | 240,000 | 511,000 | 841,000 | 1,259,000 |
| Net interest income | 379,000 | 788,000 | 1,254,000 | 1,705,000 |
| Noninterest income | 21,000 | 42,000 | 61,000 | 82,000 |
| Noninterest expense | 424,000 | 846,000 | 1,294,000 | 1,754,000 |
| Provision for loan losses | 34,000 | 40,000 | 56,000 | 66,000 |
| Pretax income | -64,000 | -62,000 | -41,000 | -39,000 |
| Income tax | -34,000 | -34,000 | -26,000 | -26,000 |
| Net income | -30,000 | -28,000 | -15,000 | -13,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,529,000 | 6,531,000 | 6,542,000 | 6,543,000 |
| Total capital | 6,816,000 | 6,824,000 | 6,850,000 | 6,862,000 |
| Risk-weighted assets | 38,181,000 | 40,609,000 | 44,741,000 | 46,966,000 |