Call reports 2005
FREEDOM BANK — 2005
What FREEDOM BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Total assets | 27,584,000 | 33,061,000 | 38,981,000 |
| Total loans | 5,975,000 | 18,307,000 | 23,078,000 |
| Allowance for loan losses | 75,000 | 149,000 | 239,000 |
| Securities available for sale | 8,000,000 | 8,925,000 | 9,844,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 14,576,000 | 20,437,000 | 26,716,000 |
| Interest-bearing deposits | 11,167,000 | 14,161,000 | 21,561,000 |
| Noninterest-bearing deposits | 3,409,000 | 6,276,000 | 5,155,000 |
| Equity capital | 12,960,000 | 12,576,000 | 12,235,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Interest income | 190,000 | 555,000 | 1,060,000 |
| Interest expense | 42,000 | 122,000 | 262,000 |
| Net interest income | 148,000 | 433,000 | 798,000 |
| Noninterest income | 4,000 | 23,000 | 32,000 |
| Noninterest expense | 1,136,000 | 1,675,000 | 2,228,000 |
| Provision for loan losses | 75,000 | 150,000 | 240,000 |
| Pretax income | -1,059,000 | -1,369,000 | -1,638,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -1,059,000 | -1,369,000 | -1,638,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|
| Tier 1 capital | 12,935,000 | 12,625,000 | 12,356,000 |
| Total capital | 13,010,000 | 12,774,000 | 12,595,000 |
| Risk-weighted assets | 12,128,000 | 23,177,000 | 29,733,000 |