Call reports 2006
FREEDOM BANK — 2006
What FREEDOM BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 53,796,000 | 57,675,000 | 73,738,000 | 82,836,000 |
| Total loans | 30,051,000 | 38,411,000 | 44,718,000 | 54,997,000 |
| Allowance for loan losses | 314,000 | 389,000 | 463,000 | 648,000 |
| Securities available for sale | 9,777,000 | 9,665,000 | 18,771,000 | 18,915,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,022,000 | 41,478,000 | 44,471,000 | 56,334,000 |
| Interest-bearing deposits | 27,130,000 | 27,760,000 | 35,259,000 | 49,788,000 |
| Noninterest-bearing deposits | 12,892,000 | 13,718,000 | 9,212,000 | 6,546,000 |
| Equity capital | 11,944,000 | 11,692,000 | 11,769,000 | 11,589,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 614,000 | 1,410,000 | 2,467,000 | 3,741,000 |
| Interest expense | 193,000 | 488,000 | 950,000 | 1,586,000 |
| Net interest income | 421,000 | 922,000 | 1,517,000 | 2,155,000 |
| Noninterest income | 23,000 | 56,000 | 86,000 | 114,000 |
| Noninterest expense | 592,000 | 1,188,000 | 1,855,000 | 2,519,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 410,000 |
| Pretax income | -223,000 | -360,000 | -477,000 | -648,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -223,000 | -360,000 | -477,000 | -648,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,133,000 | 11,996,000 | 11,879,000 | 11,711,000 |
| Total capital | 12,447,000 | 12,385,000 | 12,342,000 | 12,359,000 |
| Risk-weighted assets | 38,292,000 | 47,350,000 | 52,970,000 | 63,947,000 |