Call reports 2011
FREEDOM BANK — 2011
What FREEDOM BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 92,567,000 | 91,933,000 | 82,279,000 | 86,889,000 |
| Total loans | 66,606,000 | 65,376,000 | 64,487,000 | 64,817,000 |
| Allowance for loan losses | 1,694,000 | 1,441,000 | 1,408,000 | 1,435,000 |
| Securities available for sale | 3,258,000 | 2,116,000 | 1,024,000 | 920,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,653,000 | 86,189,000 | 76,718,000 | 81,740,000 |
| Interest-bearing deposits | 71,944,000 | 65,304,000 | 62,631,000 | 66,170,000 |
| Noninterest-bearing deposits | 14,709,000 | 20,885,000 | 14,087,000 | 15,570,000 |
| Equity capital | 5,438,000 | 5,522,000 | 5,323,000 | 5,046,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 989,000 | 1,946,000 | 2,893,000 | 3,804,000 |
| Interest expense | 233,000 | 442,000 | 613,000 | 776,000 |
| Net interest income | 756,000 | 1,504,000 | 2,280,000 | 3,028,000 |
| Noninterest income | 35,000 | 130,000 | 164,000 | -340,000 |
| Noninterest expense | 1,032,000 | 1,816,000 | 2,642,000 | 3,129,000 |
| Provision for loan losses | 45,000 | 45,000 | 232,000 | 263,000 |
| Pretax income | -286,000 | -227,000 | -430,000 | -704,000 |
| Income tax | -2,000 | -9,000 | -9,000 | -6,000 |
| Net income | -284,000 | -218,000 | -421,000 | -698,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,430,000 | 5,500,000 | 5,301,000 | 5,028,000 |
| Total capital | 6,421,000 | 6,468,000 | 6,250,000 | 5,948,000 |
| Risk-weighted assets | 78,593,000 | 76,931,000 | 75,428,000 | 73,119,000 |