Call reports 2003
FREEDOM BANK OF VIRGINIA, THE — 2003
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 48,405,000 | 50,679,000 | 50,067,000 | 52,845,000 |
| Total loans | 26,813,000 | 28,776,000 | 27,303,000 | 27,403,000 |
| Allowance for loan losses | 434,000 | 434,000 | 434,000 | 434,000 |
| Securities available for sale | 12,692,000 | 17,626,000 | 19,534,000 | 15,355,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,420,000 | 42,919,000 | 43,158,000 | 45,916,000 |
| Interest-bearing deposits | 32,048,000 | 35,354,000 | 36,519,000 | 34,684,000 |
| Noninterest-bearing deposits | 9,372,000 | 7,565,000 | 6,639,000 | 11,232,000 |
| Equity capital | 6,876,000 | 6,880,000 | 6,810,000 | 6,818,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 532,000 | 1,089,000 | 1,665,000 | 2,260,000 |
| Interest expense | 205,000 | 418,000 | 628,000 | 823,000 |
| Net interest income | 327,000 | 671,000 | 1,037,000 | 1,437,000 |
| Noninterest income | 25,000 | 53,000 | 91,000 | 126,000 |
| Noninterest expense | 409,000 | 837,000 | 1,275,000 | 1,740,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -57,000 | -113,000 | -147,000 | -236,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -57,000 | -113,000 | -147,000 | -236,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,794,000 | 6,774,000 | 6,749,000 | 6,809,000 |
| Total capital | 7,180,000 | 7,208,000 | 7,143,000 | 7,208,000 |
| Risk-weighted assets | 30,801,000 | 37,830,000 | 37,310,000 | 31,852,000 |