Call reports 2014
FREEDOM NATIONAL BANK — 2014
What FREEDOM NATIONAL BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 103,977,000 | 105,188,000 | 107,116,000 | 111,381,000 |
| Total loans | 73,862,000 | 79,742,000 | 80,315,000 | 79,353,000 |
| Allowance for loan losses | 1,211,000 | 882,000 | 910,000 | 944,000 |
| Securities available for sale | 19,500,000 | 18,324,000 | 19,009,000 | 18,812,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,648,000 | 80,219,000 | 79,963,000 | 86,281,000 |
| Interest-bearing deposits | 64,398,000 | 65,604,000 | 64,065,000 | 70,730,000 |
| Noninterest-bearing deposits | 16,250,000 | 14,615,000 | 15,898,000 | 15,551,000 |
| Equity capital | 9,330,000 | 9,904,000 | 10,112,000 | 10,470,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 949,000 | 1,935,000 | 2,900,000 | 3,939,000 |
| Interest expense | 171,000 | 346,000 | 524,000 | 707,000 |
| Net interest income | 778,000 | 1,589,000 | 2,376,000 | 3,232,000 |
| Noninterest income | 101,000 | 200,000 | 360,000 | 472,000 |
| Noninterest expense | 870,000 | 1,735,000 | 2,699,000 | 3,601,000 |
| Provision for loan losses | 0 | 60,000 | 60,000 | 60,000 |
| Pretax income | 4,000 | -11,000 | -32,000 | 29,000 |
| Income tax | -8,000 | -13,000 | -27,000 | -10,000 |
| Net income | 12,000 | 2,000 | -5,000 | 39,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,492,000 | 9,981,000 | 10,122,000 | 10,237,000 |
| Total capital | 10,466,000 | 10,863,000 | 11,032,000 | 11,181,000 |
| Risk-weighted assets | 77,716,000 | 81,114,000 | 81,506,000 | 81,130,000 |