Call reports 2008
FREEDOM BANK — 2008
What FREEDOM BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 93,962,000 | 96,494,000 | 98,219,000 | 101,574,000 |
| Total loans | 71,993,000 | 75,681,000 | 79,214,000 | 80,626,000 |
| Allowance for loan losses | 799,000 | 817,000 | 832,000 | 837,000 |
| Securities available for sale | 9,547,000 | 9,447,000 | 9,510,000 | 7,926,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,132,000 | 73,838,000 | 75,704,000 | 81,080,000 |
| Interest-bearing deposits | 49,098,000 | 59,766,000 | 64,926,000 | 69,880,000 |
| Noninterest-bearing deposits | 13,034,000 | 14,072,000 | 10,778,000 | 11,200,000 |
| Equity capital | 11,188,000 | 11,002,000 | 11,028,000 | 11,042,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,328,000 | 2,558,000 | 3,817,000 | 5,052,000 |
| Interest expense | 533,000 | 994,000 | 1,459,000 | 1,946,000 |
| Net interest income | 795,000 | 1,564,000 | 2,358,000 | 3,106,000 |
| Noninterest income | 70,000 | 150,000 | 218,000 | 321,000 |
| Noninterest expense | 957,000 | 1,887,000 | 2,772,000 | 3,607,000 |
| Provision for loan losses | 90,000 | 108,000 | 123,000 | 153,000 |
| Pretax income | -174,000 | -262,000 | -300,000 | -293,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -174,000 | -262,000 | -300,000 | -293,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,125,000 | 11,042,000 | 11,000,000 | 11,012,000 |
| Total capital | 11,924,000 | 11,859,000 | 11,832,000 | 11,849,000 |
| Risk-weighted assets | 82,520,000 | 84,419,000 | 85,958,000 | 87,677,000 |