Call reports 2013
FREEDOM NATIONAL BANK — 2013
What FREEDOM NATIONAL BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 97,703,000 | 98,672,000 | 102,583,000 | 100,487,000 |
| Total loans | 68,444,000 | 70,756,000 | 72,550,000 | 73,530,000 |
| Allowance for loan losses | 1,219,000 | 1,455,000 | 1,319,000 | 1,210,000 |
| Securities available for sale | 19,505,000 | 18,998,000 | 20,287,000 | 20,972,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,110,000 | 79,281,000 | 82,326,000 | 81,243,000 |
| Interest-bearing deposits | 64,160,000 | 65,739,000 | 68,770,000 | 66,825,000 |
| Noninterest-bearing deposits | 13,950,000 | 13,542,000 | 13,556,000 | 14,418,000 |
| Equity capital | 9,059,000 | 8,608,000 | 9,009,000 | 9,272,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 862,000 | 1,781,000 | 2,683,000 | 3,625,000 |
| Interest expense | 174,000 | 354,000 | 530,000 | 716,000 |
| Net interest income | 688,000 | 1,427,000 | 2,153,000 | 2,909,000 |
| Noninterest income | 151,000 | 245,000 | 359,000 | 443,000 |
| Noninterest expense | 893,000 | 1,874,000 | 2,715,000 | 3,809,000 |
| Provision for loan losses | 75,000 | 315,000 | 558,000 | 623,000 |
| Pretax income | -129,000 | -517,000 | -761,000 | -1,080,000 |
| Income tax | -50,000 | -182,000 | -262,000 | -375,000 |
| Net income | -79,000 | -335,000 | -499,000 | -705,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,106,000 | 8,849,000 | 9,185,000 | 9,480,000 |
| Total capital | 10,029,000 | 9,799,000 | 10,156,000 | 10,454,000 |
| Risk-weighted assets | 73,550,000 | 75,503,000 | 77,311,000 | 77,670,000 |