Call reports 2006
FREEDOM NATIONAL BANK — 2006
What FREEDOM NATIONAL BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 69,388,000 | 66,385,000 | 63,280,000 | 64,984,000 |
| Total loans | 44,272,000 | 45,118,000 | 46,595,000 | 47,607,000 |
| Allowance for loan losses | 356,000 | 799,000 | 799,000 | 899,000 |
| Securities available for sale | 17,926,000 | 16,923,000 | 13,531,000 | 13,566,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,892,000 | 60,080,000 | 56,960,000 | 58,735,000 |
| Interest-bearing deposits | 57,715,000 | 55,349,000 | 52,794,000 | 53,022,000 |
| Noninterest-bearing deposits | 5,177,000 | 4,731,000 | 4,166,000 | 5,713,000 |
| Equity capital | 6,452,000 | 6,209,000 | 6,242,000 | 6,175,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 963,000 | 1,928,000 | 2,941,000 | 3,985,000 |
| Interest expense | 480,000 | 996,000 | 1,539,000 | 2,110,000 |
| Net interest income | 483,000 | 932,000 | 1,402,000 | 1,875,000 |
| Noninterest income | 22,000 | 53,000 | 75,000 | 79,000 |
| Noninterest expense | 469,000 | 925,000 | 1,451,000 | 1,980,000 |
| Provision for loan losses | 37,000 | 480,000 | 480,000 | 580,000 |
| Pretax income | -1,000 | -420,000 | -454,000 | -606,000 |
| Income tax | -12,000 | -180,000 | -195,000 | -256,000 |
| Net income | 11,000 | -240,000 | -259,000 | -350,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,554,000 | 6,303,000 | 6,284,000 | 6,193,000 |
| Total capital | 6,910,000 | 6,922,000 | 6,907,000 | 6,831,000 |
| Risk-weighted assets | 48,863,000 | 49,334,000 | 49,636,000 | 50,815,000 |