Call reports 2016
FREEDOM NATIONAL BANK — 2016
What FREEDOM NATIONAL BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 110,088,000 | 110,604,000 | 109,971,000 | 106,902,000 |
| Total loans | 90,533,000 | 89,654,000 | 87,371,000 | 86,581,000 |
| Allowance for loan losses | 924,000 | 945,000 | 939,000 | 918,000 |
| Securities available for sale | 13,740,000 | 13,257,000 | 12,592,000 | 11,412,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 83,967,000 | 83,046,000 | 84,267,000 | 80,446,000 |
| Interest-bearing deposits | 63,646,000 | 63,096,000 | 60,749,000 | 56,458,000 |
| Noninterest-bearing deposits | 20,321,000 | 19,950,000 | 23,518,000 | 23,988,000 |
| Equity capital | 11,584,000 | 11,792,000 | 11,872,000 | 11,696,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,102,000 | 2,259,000 | 3,352,000 | 4,422,000 |
| Interest expense | 162,000 | 303,000 | 444,000 | 576,000 |
| Net interest income | 940,000 | 1,956,000 | 2,908,000 | 3,846,000 |
| Noninterest income | 224,000 | 340,000 | 598,000 | 605,000 |
| Noninterest expense | 985,000 | 1,931,000 | 2,894,000 | 3,841,000 |
| Provision for loan losses | 44,000 | 44,000 | 44,000 | 44,000 |
| Pretax income | 135,000 | 321,000 | 568,000 | 566,000 |
| Income tax | 54,000 | 108,000 | 215,000 | 215,000 |
| Net income | 81,000 | 213,000 | 353,000 | 351,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,505,000 | 11,639,000 | 11,779,000 | 11,776,000 |
| Total capital | 12,429,000 | 12,584,000 | 12,718,000 | 12,694,000 |
| Risk-weighted assets | 87,762,000 | 86,702,000 | 81,507,000 | 79,540,000 |