Home > Freedom Bank > Income and Expense
Freedom Bank, Income and Expense
| 2008-09-30 (YTD Data) | Rank | |
| Total interest income | $11,381,000 | 2,488 |
| Total interest expense | $8,756,000 | 1,458 |
| Net interest income | $2,625,000 | 5,019 |
| Provision for loan and lease losses | $14,100,000 | 317 |
| Total noninterest income | $-246,000 | 8,320 |
| Gross Fiduciary activities income | $0 | 1,405 |
| Service charges on deposit accounts | $205,000 | 4,199 |
| Trading account gains and fees | $0 | 148 |
| Additional Noninterest Income | $-451,000 | 8,335 |
| Total noninterest expense | $6,413,000 | 2,227 |
| Salaries and employee benefits | $2,867,000 | 2,650 |
| Premises and equipment expense | $1,391,000 | 1,500 |
| Additional noninterest expense | $2,155,000 | 2,021 |
| Pre-tax net operating income | $-18,134,000 | 8,273 |
| Securities gains (losses) | $0 | 3,106 |
| Applicable income taxes | $-111,000 | 7,554 |
| Income before extraordinary items | $-18,023,000 | 8,270 |
| Extraordinary gains, net | $0 | 31 |
| Net income | $-18,023,000 | 8,269 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $7,623,000 | 331 |
| Cash dividends | $0 | 4,937 |
| Sale, conversion, retirement of capital stock, net | $2,728,000 | 199 |
| Net operating income | $-18,023,000 | 8,281 |
| 2008-06-30 (YTD Data) | Rank | |
| Total interest income | $7,770,000 | 2,483 |
| Total interest expense | $5,995,000 | 1,473 |
| Net interest income | $1,775,000 | 4,978 |
| Provision for loan and lease losses | $12,606,000 | 222 |
| Total noninterest income | $-313,000 | 8,414 |
| Gross Fiduciary activities income | $0 | 1,395 |
| Service charges on deposit accounts | $130,000 | 4,315 |
| Trading account gains and fees | $0 | 149 |
| Additional Noninterest Income | $-443,000 | 8,424 |
| Total noninterest expense | $3,769,000 | 2,509 |
| Salaries and employee benefits | $1,852,000 | 2,741 |
| Premises and equipment expense | $918,000 | 1,519 |
| Additional noninterest expense | $999,000 | 2,743 |
| Pre-tax net operating income | $-14,913,000 | 8,377 |
| Securities gains (losses) | $0 | 3,233 |
| Applicable income taxes | $-111,000 | 7,874 |
| Income before extraordinary items | $-14,802,000 | 8,380 |
| Extraordinary gains, net | $0 | 21 |
| Net income | $-14,802,000 | 8,379 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $3,322,000 | 396 |
| Cash dividends | $0 | 4,733 |
| Sale, conversion, retirement of capital stock, net | $2,725,000 | 137 |
| Net operating income | $-14,802,000 | 8,379 |
| 2008-03-31 (YTD Data) | Rank | |
| Total interest income | $4,225,000 | 2,380 |
| Total interest expense | $3,037,000 | 1,546 |
| Net interest income | $1,188,000 | 4,132 |
| Provision for loan and lease losses | $7,462,000 | 183 |
| Total noninterest income | $71,000 | 6,088 |
| Gross Fiduciary activities income | $0 | 1,326 |
| Service charges on deposit accounts | $57,000 | 4,544 |
| Trading account gains and fees | $0 | 158 |
| Additional Noninterest Income | $14,000 | 6,895 |
| Total noninterest expense | $1,742,000 | 2,684 |
| Salaries and employee benefits | $828,000 | 3,068 |
| Premises and equipment expense | $464,000 | 1,501 |
| Additional noninterest expense | $450,000 | 2,972 |
| Pre-tax net operating income | $-7,945,000 | 8,446 |
| Securities gains (losses) | $0 | 2,688 |
| Applicable income taxes | $-111,000 | 8,165 |
| Income before extraordinary items | $-7,834,000 | 8,446 |
| Extraordinary gains, net | $0 | 15 |
| Net income | $-7,834,000 | 8,446 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,510,000 | 353 |
| Cash dividends | $0 | 3,705 |
| Sale, conversion, retirement of capital stock, net | $2,733,000 | 70 |
| Net operating income | $-7,834,000 | 8,443 |
| 2007-12-31 (YTD Data) | Rank | |
| Total interest income | $19,067,000 | 2,158 |
| Total interest expense | $11,683,000 | 1,712 |
| Net interest income | $7,384,000 | 2,954 |
| Provision for loan and lease losses | $7,719,000 | 303 |
| Total noninterest income | $411,000 | 5,437 |
| Gross Fiduciary activities income | $0 | 1,498 |
| Service charges on deposit accounts | $173,000 | 5,173 |
| Trading account gains and fees | $0 | 178 |
| Additional Noninterest Income | $238,000 | 4,699 |
| Total noninterest expense | $9,292,000 | 1,985 |
| Salaries and employee benefits | $4,962,000 | 2,030 |
| Premises and equipment expense | $1,659,000 | 1,604 |
| Additional noninterest expense | $2,671,000 | 2,048 |
| Pre-tax net operating income | $-9,216,000 | 8,474 |
| Securities gains (losses) | $0 | 2,146 |
| Applicable income taxes | $-3,340,000 | 8,483 |
| Income before extraordinary items | $-5,876,000 | 8,461 |
| Extraordinary gains, net | $0 | 39 |
| Net income | $-5,876,000 | 8,458 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $937,000 | 1,079 |
| Cash dividends | $0 | 5,817 |
| Sale, conversion, retirement of capital stock, net | $424,000 | 566 |
| Net operating income | $-5,876,000 | 8,456 |
| 2007-09-30 (YTD Data) | Rank | |
| Total interest income | $14,122,000 | 2,190 |
| Total interest expense | $8,538,000 | 1,752 |
| Net interest income | $5,584,000 | 2,931 |
| Provision for loan and lease losses | $1,772,000 | 573 |
| Total noninterest income | $229,000 | 6,054 |
| Gross Fiduciary activities income | $0 | 1,458 |
| Service charges on deposit accounts | $108,000 | 5,504 |
| Trading account gains and fees | $0 | 184 |
| Additional Noninterest Income | $121,000 | 5,463 |
| Total noninterest expense | $6,346,000 | 2,144 |
| Salaries and employee benefits | $3,702,000 | 2,027 |
| Premises and equipment expense | $1,185,000 | 1,663 |
| Additional noninterest expense | $1,459,000 | 2,681 |
| Pre-tax net operating income | $-2,305,000 | 8,459 |
| Securities gains (losses) | $0 | 1,655 |
| Applicable income taxes | $-838,000 | 8,484 |
| Income before extraordinary items | $-1,467,000 | 8,414 |
| Extraordinary gains, net | $0 | 33 |
| Net income | $-1,467,000 | 8,410 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $555,000 | 1,001 |
| Cash dividends | $0 | 5,179 |
| Sale, conversion, retirement of capital stock, net | $298,000 | 506 |
| Net operating income | $-1,467,000 | 8,403 |
| 2007-06-30 (YTD Data) | Rank | |
| Total interest income | $8,888,000 | 2,340 |
| Total interest expense | $5,358,000 | 1,858 |
| Net interest income | $3,530,000 | 3,105 |
| Provision for loan and lease losses | $1,614,000 | 392 |
| Total noninterest income | $193,000 | 5,639 |
| Gross Fiduciary activities income | $0 | 1,429 |
| Service charges on deposit accounts | $56,000 | 5,910 |
| Trading account gains and fees | $0 | 168 |
| Additional Noninterest Income | $137,000 | 4,494 |
| Total noninterest expense | $4,098,000 | 2,232 |
| Salaries and employee benefits | $2,365,000 | 2,164 |
| Premises and equipment expense | $770,000 | 1,729 |
| Additional noninterest expense | $963,000 | 2,720 |
| Pre-tax net operating income | $-1,989,000 | 8,551 |
| Securities gains (losses) | $0 | 1,444 |
| Applicable income taxes | $-763,000 | 8,571 |
| Income before extraordinary items | $-1,226,000 | 8,515 |
| Extraordinary gains, net | $0 | 29 |
| Net income | $-1,226,000 | 8,512 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $130,000 | 1,774 |
| Cash dividends | $0 | 4,977 |
| Sale, conversion, retirement of capital stock, net | $167,000 | 486 |
| Net operating income | $-1,226,000 | 8,505 |
| 2007-03-31 (YTD Data) | Rank | |
| Total interest income | $4,146,000 | 2,483 |
| Total interest expense | $2,511,000 | 1,940 |
| Net interest income | $1,635,000 | 3,303 |
| Provision for loan and lease losses | $729,000 | 379 |
| Total noninterest income | $100,000 | 5,557 |
| Gross Fiduciary activities income | $0 | 1,355 |
| Service charges on deposit accounts | $18,000 | 6,477 |
| Trading account gains and fees | $0 | 195 |
| Additional Noninterest Income | $82,000 | 4,163 |
| Total noninterest expense | $1,974,000 | 2,312 |
| Salaries and employee benefits | $1,095,000 | 2,343 |
| Premises and equipment expense | $360,000 | 1,842 |
| Additional noninterest expense | $519,000 | 2,530 |
| Pre-tax net operating income | $-968,000 | 8,587 |
| Securities gains (losses) | $0 | 1,187 |
| Applicable income taxes | $-353,000 | 8,597 |
| Income before extraordinary items | $-615,000 | 8,556 |
| Extraordinary gains, net | $0 | 22 |
| Net income | $-615,000 | 8,554 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $13,000 | 2,916 |
| Cash dividends | $0 | 3,942 |
| Sale, conversion, retirement of capital stock, net | $39,000 | 543 |
| Net operating income | $-615,000 | 8,548 |
| 2006-12-31 (YTD Data) | Rank | |
| Total interest income | $10,570,000 | 3,435 |
| Total interest expense | $5,656,000 | 2,725 |
| Net interest income | $4,914,000 | 4,055 |
| Provision for loan and lease losses | $1,289,000 | 809 |
| Total noninterest income | $497,000 | 5,149 |
| Gross Fiduciary activities income | $0 | 1,523 |
| Service charges on deposit accounts | $54,000 | 6,825 |
| Trading account gains and fees | $0 | 130 |
| Additional Noninterest Income | $443,000 | 3,560 |
| Total noninterest expense | $5,691,000 | 3,003 |
| Salaries and employee benefits | $3,385,000 | 2,810 |
| Premises and equipment expense | $1,004,000 | 2,468 |
| Additional noninterest expense | $1,302,000 | 3,702 |
| Pre-tax net operating income | $-1,569,000 | 8,537 |
| Securities gains (losses) | $0 | 1,687 |
| Applicable income taxes | $-555,000 | 8,583 |
| Income before extraordinary items | $-1,014,000 | 8,463 |
| Extraordinary gains, net | $0 | 51 |
| Net income | $-1,014,000 | 8,462 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $27,000 | 4,771 |
| Cash dividends | $0 | 5,941 |
| Sale, conversion, retirement of capital stock, net | $16,621,000 | 113 |
| Net operating income | $-1,014,000 | 8,453 |
| 2006-09-30 (YTD Data) | Rank | |
| Total interest income | $7,022,000 | 3,734 |
| Total interest expense | $3,678,000 | 2,997 |
| Net interest income | $3,344,000 | 4,401 |
| Provision for loan and lease losses | $651,000 | 1,119 |
| Total noninterest income | $333,000 | 5,417 |
| Gross Fiduciary activities income | $0 | 1,468 |
| Service charges on deposit accounts | $30,000 | 7,125 |
| Trading account gains and fees | $0 | 126 |
| Additional Noninterest Income | $303,000 | 3,719 |
| Total noninterest expense | $3,951,000 | 3,205 |
| Salaries and employee benefits | $2,370,000 | 2,979 |
| Premises and equipment expense | $673,000 | 2,731 |
| Additional noninterest expense | $908,000 | 3,896 |
| Pre-tax net operating income | $-925,000 | 8,564 |
| Securities gains (losses) | $0 | 1,388 |
| Applicable income taxes | $-362,000 | 8,672 |
| Income before extraordinary items | $-563,000 | 8,494 |
| Extraordinary gains, net | $0 | 45 |
| Net income | $-563,000 | 8,494 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $27,000 | 3,924 |
| Cash dividends | $0 | 5,292 |
| Sale, conversion, retirement of capital stock, net | $16,566,000 | 84 |
| Net operating income | $-563,000 | 8,484 |
| 2006-06-30 (YTD Data) | Rank | |
| Total interest income | $4,208,000 | 3,984 |
| Total interest expense | $2,185,000 | 3,159 |
| Net interest income | $2,023,000 | 4,686 |
| Provision for loan and lease losses | $506,000 | 964 |
| Total noninterest income | $239,000 | 5,255 |
| Gross Fiduciary activities income | $0 | 1,458 |
| Service charges on deposit accounts | $15,000 | 7,286 |
| Trading account gains and fees | $0 | 126 |
| Additional Noninterest Income | $224,000 | 3,521 |
| Total noninterest expense | $2,410,000 | 3,448 |
| Salaries and employee benefits | $1,450,000 | 3,224 |
| Premises and equipment expense | $397,000 | 3,020 |
| Additional noninterest expense | $563,000 | 4,111 |
| Pre-tax net operating income | $-654,000 | 8,615 |
| Securities gains (losses) | $0 | 1,185 |
| Applicable income taxes | $-284,000 | 8,715 |
| Income before extraordinary items | $-370,000 | 8,528 |
| Extraordinary gains, net | $0 | 39 |
| Net income | $-370,000 | 8,529 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $27,000 | 3,182 |
| Cash dividends | $0 | 5,069 |
| Sale, conversion, retirement of capital stock, net | $16,512,000 | 49 |
| Net operating income | $-370,000 | 8,525 |
| 2006-03-31 (YTD Data) | Rank | |
| Total interest income | $1,703,000 | 4,542 |
| Total interest expense | $879,000 | 3,604 |
| Net interest income | $824,000 | 5,311 |
| Provision for loan and lease losses | $261,000 | 886 |
| Total noninterest income | $79,000 | 6,100 |
| Gross Fiduciary activities income | $0 | 1,380 |
| Service charges on deposit accounts | $6,000 | 7,374 |
| Trading account gains and fees | $0 | 115 |
| Additional Noninterest Income | $73,000 | 4,340 |
| Total noninterest expense | $1,070,000 | 3,802 |
| Salaries and employee benefits | $641,000 | 3,583 |
| Premises and equipment expense | $166,000 | 3,475 |
| Additional noninterest expense | $263,000 | 4,305 |
| Pre-tax net operating income | $-428,000 | 8,675 |
| Securities gains (losses) | $0 | 955 |
| Applicable income taxes | $-207,000 | 8,735 |
| Income before extraordinary items | $-221,000 | 8,586 |
| Extraordinary gains, net | $0 | 21 |
| Net income | $-221,000 | 8,585 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 4,399 |
| Cash dividends | $0 | 3,943 |
| Sale, conversion, retirement of capital stock, net | $16,265,000 | 16 |
| Net operating income | $-221,000 | 8,577 |
| 2005-12-31 (YTD Data) | Rank | |
| Total interest income | $1,912,000 | 7,533 |
| Total interest expense | $819,000 | 6,723 |
| Net interest income | $1,093,000 | 7,820 |
| Provision for loan and lease losses | $776,000 | 1,299 |
| Total noninterest income | $266,000 | 6,551 |
| Gross Fiduciary activities income | $0 | 1,557 |
| Service charges on deposit accounts | $8,000 | 7,619 |
| Trading account gains and fees | $0 | 138 |
| Additional Noninterest Income | $258,000 | 4,665 |
| Total noninterest expense | $2,202,000 | 5,780 |
| Salaries and employee benefits | $987,000 | 6,384 |
| Premises and equipment expense | $237,000 | 6,342 |
| Additional noninterest expense | $978,000 | 4,490 |
| Pre-tax net operating income | $-1,619,000 | 8,733 |
| Securities gains (losses) | $0 | 2,296 |
| Applicable income taxes | $-632,000 | 8,782 |
| Income before extraordinary items | $-987,000 | 8,660 |
| Extraordinary gains, net | $0 | 46 |
| Net income | $-987,000 | 8,660 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $24,000 | 5,115 |
| Cash dividends | $0 | 6,054 |
| Sale, conversion, retirement of capital stock, net | $16,215,000 | 101 |
| Net operating income | $-987,000 | 8,644 |
| 2005-09-30 (YTD Data) | Rank | |
| Total interest income | $702,000 | 8,414 |
| Total interest expense | $260,000 | 8,056 |
| Net interest income | $442,000 | 8,501 |
| Provision for loan and lease losses | $460,000 | 1,509 |
| Total noninterest income | $162,000 | 6,960 |
| Gross Fiduciary activities income | $0 | 1,504 |
| Service charges on deposit accounts | $2,000 | 7,737 |
| Trading account gains and fees | $0 | 126 |
| Additional Noninterest Income | $160,000 | 5,073 |
| Total noninterest expense | $1,446,000 | 6,203 |
| Salaries and employee benefits | $530,000 | 7,224 |
| Premises and equipment expense | $122,000 | 7,131 |
| Additional noninterest expense | $794,000 | 4,201 |
| Pre-tax net operating income | $-1,302,000 | 8,768 |
| Securities gains (losses) | $0 | 2,317 |
| Applicable income taxes | $-302,000 | 8,789 |
| Income before extraordinary items | $-1,000,000 | 8,751 |
| Extraordinary gains, net | $0 | 35 |
| Net income | $-1,000,000 | 8,751 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 6,144 |
| Cash dividends | $0 | 5,317 |
| Sale, conversion, retirement of capital stock, net | $16,215,000 | 74 |
| Net operating income | $-1,000,000 | 8,732 |
| 2005-06-30 (YTD Data) | Rank | |
| Total interest income | $93,000 | 8,819 |
| Total interest expense | $9,000 | 8,793 |
| Net interest income | $84,000 | 8,808 |
| Provision for loan and lease losses | $150,000 | 2,598 |
| Total noninterest income | $15,000 | 8,605 |
| Gross Fiduciary activities income | $0 | 1,480 |
| Service charges on deposit accounts | $0 | 7,790 |
| Trading account gains and fees | $0 | 116 |
| Additional Noninterest Income | $15,000 | 7,896 |
| Total noninterest expense | $752,000 | 6,898 |
| Salaries and employee benefits | $153,000 | 8,478 |
| Premises and equipment expense | $34,000 | 8,261 |
| Additional noninterest expense | $565,000 | 3,984 |
| Pre-tax net operating income | $-803,000 | 8,750 |
| Securities gains (losses) | $0 | 2,146 |
| Applicable income taxes | $-111,000 | 8,756 |
| Income before extraordinary items | $-692,000 | 8,756 |
| Extraordinary gains, net | $0 | 30 |
| Net income | $-692,000 | 8,756 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 5,660 |
| Cash dividends | $0 | 5,072 |
| Sale, conversion, retirement of capital stock, net | $16,202,000 | 50 |
| Net operating income | $-692,000 | 8,733 |
* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.