Call reports 2016
FREEDOM BANK — 2016
What FREEDOM BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 187,656,000 | 191,742,000 | 179,272,000 | 197,476,000 |
| Total loans | 130,767,000 | 141,377,000 | 148,389,000 | 160,825,000 |
| Allowance for loan losses | 1,570,000 | 1,600,000 | 1,775,000 | 1,932,000 |
| Securities available for sale | 1,406,000 | 6,280,000 | 6,142,000 | 5,858,000 |
| Securities held to maturity | 14,322,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 170,870,000 | 174,265,000 | 161,065,000 | 178,305,000 |
| Interest-bearing deposits | 123,284,000 | 128,868,000 | 114,919,000 | 135,247,000 |
| Noninterest-bearing deposits | 47,586,000 | 45,397,000 | 46,146,000 | 43,058,000 |
| Equity capital | 15,848,000 | 16,489,000 | 17,206,000 | 18,116,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,601,000 | 3,311,000 | 5,070,000 | 6,935,000 |
| Interest expense | 201,000 | 412,000 | 625,000 | 840,000 |
| Net interest income | 1,400,000 | 2,899,000 | 4,445,000 | 6,095,000 |
| Noninterest income | 141,000 | 579,000 | 783,000 | 1,073,000 |
| Noninterest expense | 1,277,000 | 2,545,000 | 3,742,000 | 5,076,000 |
| Provision for loan losses | -500,000 | -470,000 | -305,000 | -140,000 |
| Pretax income | 764,000 | 1,551,000 | 1,939,000 | 2,380,000 |
| Income tax | 281,000 | 570,000 | 706,000 | 867,000 |
| Net income | 483,000 | 981,000 | 1,233,000 | 1,513,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,684,000 | 15,483,000 | 16,356,000 | 17,351,000 |
| Total capital | 16,254,000 | 17,083,000 | 18,131,000 | 19,283,000 |
| Risk-weighted assets | 156,569,000 | 160,777,000 | 167,754,000 | 180,465,000 |