Call reports 2017
FREEDOM BANK — 2017
What FREEDOM BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 212,985,000 | 222,012,000 | 222,962,000 | 243,768,000 |
| Total loans | 164,524,000 | 175,562,000 | 183,985,000 | 197,428,000 |
| Allowance for loan losses | 2,034,000 | 2,134,000 | 2,192,000 | 2,293,000 |
| Securities available for sale | 5,810,000 | 5,808,000 | 5,702,000 | 5,610,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 193,328,000 | 201,760,000 | 202,015,000 | 216,632,000 |
| Interest-bearing deposits | 142,495,000 | 144,847,000 | 144,585,000 | 148,243,000 |
| Noninterest-bearing deposits | 50,833,000 | 56,913,000 | 57,430,000 | 68,389,000 |
| Equity capital | 18,678,000 | 19,261,000 | 19,924,000 | 20,888,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,967,000 | 4,139,000 | 6,446,000 | 8,889,000 |
| Interest expense | 239,000 | 504,000 | 784,000 | 1,082,000 |
| Net interest income | 1,728,000 | 3,635,000 | 5,662,000 | 7,807,000 |
| Noninterest income | 139,000 | 586,000 | 712,000 | 1,220,000 |
| Noninterest expense | 1,352,000 | 2,754,000 | 4,162,000 | 5,716,000 |
| Provision for loan losses | 96,000 | 192,000 | 288,000 | 384,000 |
| Pretax income | 419,000 | 1,275,000 | 1,924,000 | 2,927,000 |
| Income tax | 148,000 | 458,000 | 691,000 | 1,204,000 |
| Net income | 271,000 | 817,000 | 1,233,000 | 1,723,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,068,000 | 18,932,000 | 19,838,000 | 20,887,000 |
| Total capital | 20,102,000 | 21,066,000 | 22,029,000 | 23,180,000 |
| Risk-weighted assets | 185,494,000 | 196,179,000 | 202,861,000 | 218,431,000 |