Call reports 2002
FREEDOM BANK OF VIRGINIA, THE — 2002
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 33,277,000 | 36,181,000 | 41,351,000 | 44,750,000 |
| Total loans | 15,611,000 | 19,930,000 | 22,520,000 | 25,626,000 |
| Allowance for loan losses | 292,000 | 417,000 | 435,000 | 435,000 |
| Securities available for sale | 6,759,000 | 9,366,000 | 9,837,000 | 11,943,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,102,000 | 29,047,000 | 34,264,000 | 37,678,000 |
| Interest-bearing deposits | 21,007,000 | 23,608,000 | 25,689,000 | 30,455,000 |
| Noninterest-bearing deposits | 5,094,000 | 5,439,000 | 8,575,000 | 7,223,000 |
| Equity capital | 7,089,000 | 7,029,000 | 6,965,000 | 6,943,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 268,000 | 685,000 | 1,153,000 | 1,663,000 |
| Interest expense | 140,000 | 314,000 | 502,000 | 701,000 |
| Net interest income | 128,000 | 371,000 | 651,000 | 962,000 |
| Noninterest income | 17,000 | 22,000 | 42,000 | 69,000 |
| Noninterest expense | 382,000 | 789,000 | 1,204,000 | 1,604,000 |
| Provision for loan losses | 56,000 | 181,000 | 198,000 | 198,000 |
| Pretax income | -293,000 | -577,000 | -709,000 | -771,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -293,000 | -577,000 | -709,000 | -771,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,122,000 | 6,992,000 | 6,866,000 | 6,843,000 |
| Total capital | 7,360,000 | 7,282,000 | 7,208,000 | 7,208,000 |
| Risk-weighted assets | 18,999,000 | 23,076,000 | 26,072,000 | 29,166,000 |