Call reports 2014
FREEDOM BANK — 2014
What FREEDOM BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 107,062,000 | 111,156,000 | 124,370,000 | 118,936,000 |
| Total loans | 78,297,000 | 89,236,000 | 99,416,000 | 98,183,000 |
| Allowance for loan losses | 1,413,000 | 1,423,000 | 1,436,000 | 1,457,000 |
| Securities available for sale | 2,024,000 | 1,986,000 | 1,845,000 | 1,806,000 |
| Securities held to maturity | 0 | 982,000 | 982,000 | 982,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 93,392,000 | 90,452,000 | 101,630,000 | 97,212,000 |
| Interest-bearing deposits | 73,023,000 | 68,145,000 | 79,422,000 | 73,954,000 |
| Noninterest-bearing deposits | 20,369,000 | 22,307,000 | 22,208,000 | 23,258,000 |
| Equity capital | 13,427,000 | 13,509,000 | 13,597,000 | 13,751,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 944,000 | 1,959,000 | 3,120,000 | 4,352,000 |
| Interest expense | 108,000 | 219,000 | 338,000 | 468,000 |
| Net interest income | 836,000 | 1,740,000 | 2,782,000 | 3,884,000 |
| Noninterest income | 49,000 | 102,000 | 166,000 | 233,000 |
| Noninterest expense | 777,000 | 1,634,000 | 2,619,000 | 3,591,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 108,000 | 208,000 | 329,000 | 526,000 |
| Income tax | -2,732,000 | -2,693,000 | -2,654,000 | -2,582,000 |
| Net income | 2,840,000 | 2,901,000 | 2,983,000 | 3,108,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,164,000 | 11,165,000 | 11,377,000 | 11,530,000 |
| Total capital | 12,286,000 | 12,429,000 | 12,781,000 | 12,917,000 |
| Risk-weighted assets | 89,430,000 | 100,925,000 | 112,261,000 | 110,872,000 |