Call reports 2010
FREEDOM BANK — 2010
What FREEDOM BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 100,655,000 | 103,516,000 | 104,070,000 | 85,527,000 |
| Total loans | 74,872,000 | 74,531,000 | 73,380,000 | 69,167,000 |
| Allowance for loan losses | 1,191,000 | 1,305,000 | 1,530,000 | 1,649,000 |
| Securities available for sale | 9,299,000 | 10,347,000 | 8,209,000 | 4,051,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,961,000 | 87,445,000 | 88,411,000 | 79,325,000 |
| Interest-bearing deposits | 75,378,000 | 75,798,000 | 76,592,000 | 67,217,000 |
| Noninterest-bearing deposits | 10,583,000 | 11,647,000 | 11,819,000 | 12,108,000 |
| Equity capital | 9,295,000 | 9,281,000 | 8,871,000 | 5,718,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,138,000 | 2,294,000 | 3,453,000 | 4,483,000 |
| Interest expense | 389,000 | 762,000 | 1,125,000 | 1,427,000 |
| Net interest income | 749,000 | 1,532,000 | 2,328,000 | 3,056,000 |
| Noninterest income | 30,000 | 78,000 | 213,000 | 263,000 |
| Noninterest expense | 819,000 | 1,652,000 | 2,926,000 | 3,830,000 |
| Provision for loan losses | 75,000 | 215,000 | 505,000 | 2,506,000 |
| Pretax income | -105,000 | -247,000 | -880,000 | -3,007,000 |
| Income tax | -39,000 | -93,000 | -331,000 | 671,000 |
| Net income | -66,000 | -154,000 | -549,000 | -3,678,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,595,000 | 8,457,000 | 7,827,000 | 5,710,000 |
| Total capital | 9,644,000 | 9,504,000 | 8,871,000 | 6,690,000 |
| Risk-weighted assets | 83,755,000 | 83,496,000 | 83,069,000 | 78,958,000 |