Call reports 2017
FREEDOM NATIONAL BANK — 2017
What FREEDOM NATIONAL BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 106,932,000 | 117,404,000 | 117,690,000 | 115,095,000 |
| Total loans | 85,238,000 | 94,719,000 | 96,647,000 | 97,056,000 |
| Allowance for loan losses | 923,000 | 939,000 | 976,000 | 947,000 |
| Securities available for sale | 11,146,000 | 10,370,000 | 10,743,000 | 10,504,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,141,000 | 93,026,000 | 91,369,000 | 90,635,000 |
| Interest-bearing deposits | 61,555,000 | 67,639,000 | 66,247,000 | 65,692,000 |
| Noninterest-bearing deposits | 23,586,000 | 25,387,000 | 25,122,000 | 24,943,000 |
| Equity capital | 11,696,000 | 11,791,000 | 11,928,000 | 11,591,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,048,000 | 2,214,000 | 3,475,000 | 4,747,000 |
| Interest expense | 128,000 | 272,000 | 440,000 | 615,000 |
| Net interest income | 920,000 | 1,942,000 | 3,035,000 | 4,132,000 |
| Noninterest income | 57,000 | 133,000 | 231,000 | 310,000 |
| Noninterest expense | 1,000,000 | 2,009,000 | 3,011,000 | 4,103,000 |
| Provision for loan losses | 0 | 17,000 | 52,000 | 69,000 |
| Pretax income | -23,000 | 49,000 | 203,000 | 270,000 |
| Income tax | -17,000 | 2,000 | 56,000 | 182,000 |
| Net income | -6,000 | 47,000 | 147,000 | 88,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,769,000 | 11,822,000 | 11,923,000 | 11,917,000 |
| Total capital | 12,692,000 | 12,761,000 | 12,899,000 | 12,864,000 |
| Risk-weighted assets | 77,767,000 | 87,179,000 | 88,792,000 | 88,513,000 |