Call reports 2009
FREEDOM NATIONAL BANK — 2009
What FREEDOM NATIONAL BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 84,404,000 | 89,197,000 | 85,985,000 | 86,252,000 |
| Total loans | 62,881,000 | 62,238,000 | 65,608,000 | 66,229,000 |
| Allowance for loan losses | 999,000 | 825,000 | 881,000 | 886,000 |
| Securities available for sale | 14,895,000 | 17,202,000 | 11,555,000 | 11,082,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,395,000 | 75,183,000 | 71,266,000 | 70,362,000 |
| Interest-bearing deposits | 65,375,000 | 68,095,000 | 64,130,000 | 63,175,000 |
| Noninterest-bearing deposits | 5,020,000 | 7,088,000 | 7,136,000 | 7,187,000 |
| Equity capital | 6,104,000 | 6,096,000 | 6,668,000 | 7,746,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,127,000 | 2,288,000 | 3,457,000 | 4,612,000 |
| Interest expense | 557,000 | 1,126,000 | 1,642,000 | 2,117,000 |
| Net interest income | 570,000 | 1,162,000 | 1,815,000 | 2,495,000 |
| Noninterest income | 37,000 | 166,000 | 262,000 | 413,000 |
| Noninterest expense | 645,000 | 1,315,000 | 1,913,000 | 2,507,000 |
| Provision for loan losses | 48,000 | 95,000 | 143,000 | 190,000 |
| Pretax income | -86,000 | -82,000 | 28,000 | 218,000 |
| Income tax | -40,000 | -39,000 | 0 | 78,000 |
| Net income | -46,000 | -43,000 | 28,000 | 140,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,103,000 | 6,105,000 | 6,677,000 | 7,789,000 |
| Total capital | 6,943,000 | 6,930,000 | 7,540,000 | 8,644,000 |
| Risk-weighted assets | 67,011,000 | 67,466,000 | 69,021,000 | 68,341,000 |