Call reports 2008
FREEDOM NATIONAL BANK — 2008
What FREEDOM NATIONAL BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 67,579,000 | 73,312,000 | 75,408,000 | 79,242,000 |
| Total loans | 50,667,000 | 55,413,000 | 57,804,000 | 62,172,000 |
| Allowance for loan losses | 859,000 | 873,000 | 930,000 | 951,000 |
| Securities available for sale | 9,449,000 | 12,954,000 | 12,078,000 | 11,845,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,242,000 | 60,916,000 | 62,078,000 | 63,993,000 |
| Interest-bearing deposits | 56,556,000 | 55,070,000 | 56,138,000 | 59,411,000 |
| Noninterest-bearing deposits | 4,686,000 | 5,846,000 | 5,940,000 | 4,582,000 |
| Equity capital | 6,170,000 | 6,123,000 | 6,174,000 | 6,198,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,065,000 | 2,110,000 | 3,240,000 | 4,387,000 |
| Interest expense | 554,000 | 1,030,000 | 1,521,000 | 2,058,000 |
| Net interest income | 511,000 | 1,080,000 | 1,719,000 | 2,329,000 |
| Noninterest income | 103,000 | 133,000 | 240,000 | 279,000 |
| Noninterest expense | 627,000 | 1,206,000 | 1,805,000 | 2,364,000 |
| Provision for loan losses | 12,000 | 50,000 | 104,000 | 204,000 |
| Pretax income | -25,000 | -43,000 | 50,000 | 40,000 |
| Income tax | -14,000 | -20,000 | 18,000 | 21,000 |
| Net income | -11,000 | -23,000 | 32,000 | 19,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,119,000 | 6,107,000 | 6,162,000 | 6,149,000 |
| Total capital | 6,776,000 | 6,814,000 | 6,902,000 | 6,944,000 |
| Risk-weighted assets | 52,347,000 | 56,390,000 | 59,021,000 | 63,406,000 |