Call reports 2007
FREEDOM NATIONAL BANK — 2007
What FREEDOM NATIONAL BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 69,305,000 | 69,201,000 | 70,684,000 | 69,340,000 |
| Total loans | 47,642,000 | 48,881,000 | 47,112,000 | 51,229,000 |
| Allowance for loan losses | 967,000 | 855,000 | 853,000 | 847,000 |
| Securities available for sale | 15,314,000 | 16,231,000 | 17,863,000 | 13,877,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,138,000 | 63,049,000 | 64,492,000 | 63,009,000 |
| Interest-bearing deposits | 58,586,000 | 58,709,000 | 58,910,000 | 57,667,000 |
| Noninterest-bearing deposits | 4,552,000 | 4,340,000 | 5,582,000 | 5,342,000 |
| Equity capital | 6,077,000 | 5,987,000 | 6,067,000 | 6,151,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,057,000 | 2,192,000 | 3,414,000 | 4,582,000 |
| Interest expense | 607,000 | 1,256,000 | 1,920,000 | 2,564,000 |
| Net interest income | 450,000 | 936,000 | 1,494,000 | 2,018,000 |
| Noninterest income | 23,000 | 56,000 | 122,000 | 296,000 |
| Noninterest expense | 567,000 | 1,131,000 | 1,672,000 | 2,224,000 |
| Provision for loan losses | 68,000 | 156,000 | 156,000 | 156,000 |
| Pretax income | -162,000 | -295,000 | -212,000 | -66,000 |
| Income tax | -54,000 | -103,000 | -67,000 | -3,000 |
| Net income | -108,000 | -192,000 | -145,000 | -63,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,085,000 | 6,001,000 | 6,049,000 | 6,129,000 |
| Total capital | 6,733,000 | 6,663,000 | 6,700,000 | 6,817,000 |
| Risk-weighted assets | 51,509,000 | 52,755,000 | 51,882,000 | 54,907,000 |