Call reports 2001
FREEDOM BANK OF VIRGINIA, THE — 2001
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q3 | 2001Q4 |
|---|---|---|
| Total assets | 17,413,000 | 26,704,000 |
| Total loans | 4,623,000 | 8,241,000 |
| Allowance for loan losses | 125,000 | 237,000 |
| Securities available for sale | 0 | 997,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 9,548,000 | 19,216,000 |
| Interest-bearing deposits | 7,859,000 | 17,211,000 |
| Noninterest-bearing deposits | 1,689,000 | 2,004,000 |
| Equity capital | 7,800,000 | 7,412,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q3 | 2001Q4 |
|---|---|---|
| Interest income | 291,000 | 479,000 |
| Interest expense | 37,000 | 132,000 |
| Net interest income | 254,000 | 347,000 |
| Noninterest income | 4,000 | 14,000 |
| Noninterest expense | 850,000 | 1,228,000 |
| Provision for loan losses | 125,000 | 237,000 |
| Pretax income | -717,000 | -1,104,000 |
| Income tax | 0 | 0 |
| Net income | -717,000 | -1,104,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q3 | 2001Q4 |
|---|---|---|
| Tier 1 capital | 7,800,000 | 7,414,000 |
| Total capital | 7,876,000 | 7,564,000 |
| Risk-weighted assets | 6,045,000 | 11,881,000 |