Call reports 2007
FREEDOM BANK — 2007
What FREEDOM BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 85,212,000 | 93,061,000 | 98,025,000 | 95,147,000 |
| Total loans | 61,270,000 | 64,967,000 | 67,441,000 | 71,158,000 |
| Allowance for loan losses | 656,000 | 676,000 | 711,000 | 961,000 |
| Securities available for sale | 14,028,000 | 13,937,000 | 15,110,000 | 13,117,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 59,527,000 | 65,910,000 | 74,505,000 | 60,175,000 |
| Interest-bearing deposits | 51,650,000 | 57,374,000 | 60,714,000 | 49,448,000 |
| Noninterest-bearing deposits | 7,877,000 | 8,536,000 | 13,791,000 | 10,727,000 |
| Equity capital | 11,630,000 | 11,593,000 | 11,588,000 | 11,323,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,354,000 | 2,879,000 | 4,391,000 | 5,877,000 |
| Interest expense | 711,000 | 1,490,000 | 2,268,000 | 2,956,000 |
| Net interest income | 643,000 | 1,389,000 | 2,123,000 | 2,921,000 |
| Noninterest income | 158,000 | 243,000 | 272,000 | 327,000 |
| Noninterest expense | 762,000 | 1,567,000 | 2,425,000 | 3,338,000 |
| Provision for loan losses | 35,000 | 55,000 | 90,000 | 340,000 |
| Pretax income | 4,000 | 10,000 | -120,000 | -429,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 4,000 | 10,000 | -120,000 | -429,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,716,000 | 11,723,000 | 11,598,000 | 11,294,000 |
| Total capital | 12,372,000 | 12,399,000 | 12,309,000 | 12,255,000 |
| Risk-weighted assets | 69,275,000 | 75,025,000 | 79,388,000 | 80,126,000 |