Call reports 2009
FREEDOM BANK — 2009
What FREEDOM BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 98,741,000 | 105,740,000 | 104,432,000 | 100,441,000 |
| Total loans | 81,179,000 | 81,980,000 | 81,702,000 | 78,637,000 |
| Allowance for loan losses | 856,000 | 1,312,000 | 2,742,000 | 1,382,000 |
| Securities available for sale | 7,102,000 | 9,800,000 | 8,834,000 | 7,815,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,473,000 | 83,939,000 | 85,490,000 | 86,965,000 |
| Interest-bearing deposits | 66,302,000 | 72,725,000 | 76,280,000 | 77,776,000 |
| Noninterest-bearing deposits | 11,170,000 | 11,214,000 | 9,210,000 | 9,189,000 |
| Equity capital | 11,027,000 | 10,398,000 | 7,780,000 | 8,602,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,163,000 | 2,360,000 | 3,550,000 | 4,735,000 |
| Interest expense | 466,000 | 947,000 | 1,427,000 | 1,865,000 |
| Net interest income | 697,000 | 1,413,000 | 2,123,000 | 2,870,000 |
| Noninterest income | 145,000 | 176,000 | 212,000 | 240,000 |
| Noninterest expense | 815,000 | 1,694,000 | 2,965,000 | 3,908,000 |
| Provision for loan losses | 20,000 | 520,000 | 2,650,000 | 3,500,000 |
| Pretax income | 7,000 | -625,000 | -3,280,000 | -4,298,000 |
| Income tax | 0 | 0 | 0 | -676,000 |
| Net income | 7,000 | -625,000 | -3,280,000 | -3,622,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,022,000 | 10,395,000 | 7,745,000 | 7,961,000 |
| Total capital | 11,878,000 | 11,499,000 | 8,838,000 | 9,025,000 |
| Risk-weighted assets | 86,070,000 | 88,132,000 | 85,855,000 | 85,446,000 |