Call reports 2011
FREEDOM NATIONAL BANK — 2011
What FREEDOM NATIONAL BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 85,331,000 | 88,638,000 | 88,237,000 | 87,242,000 |
| Total loans | 62,214,000 | 60,552,000 | 59,003,000 | 57,057,000 |
| Allowance for loan losses | 1,251,000 | 935,000 | 971,000 | 967,000 |
| Securities available for sale | 13,969,000 | 13,113,000 | 15,791,000 | 17,270,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,660,000 | 71,435,000 | 71,748,000 | 72,323,000 |
| Interest-bearing deposits | 57,526,000 | 60,306,000 | 59,077,000 | 58,586,000 |
| Noninterest-bearing deposits | 12,134,000 | 11,129,000 | 12,671,000 | 13,737,000 |
| Equity capital | 7,957,000 | 8,032,000 | 8,080,000 | 8,058,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 987,000 | 1,977,000 | 2,928,000 | 3,848,000 |
| Interest expense | 301,000 | 553,000 | 793,000 | 1,019,000 |
| Net interest income | 686,000 | 1,424,000 | 2,135,000 | 2,829,000 |
| Noninterest income | 298,000 | 415,000 | 749,000 | 888,000 |
| Noninterest expense | 768,000 | 1,513,000 | 2,326,000 | 3,067,000 |
| Provision for loan losses | 181,000 | 306,000 | 431,000 | 556,000 |
| Pretax income | 35,000 | 20,000 | 127,000 | 94,000 |
| Income tax | 4,000 | -2,000 | 41,000 | 31,000 |
| Net income | 31,000 | 22,000 | 86,000 | 63,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,016,000 | 8,009,000 | 8,072,000 | 8,049,000 |
| Total capital | 8,810,000 | 8,789,000 | 8,849,000 | 8,803,000 |
| Risk-weighted assets | 63,100,000 | 62,252,000 | 61,983,000 | 60,108,000 |