Call reports 2004
FREEDOM BANK OF VIRGINIA, THE — 2004
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 49,607,000 | 52,866,000 | 48,890,000 | 56,424,000 |
| Total loans | 29,087,000 | 30,608,000 | 31,057,000 | 29,048,000 |
| Allowance for loan losses | 434,000 | 442,000 | 442,000 | 442,000 |
| Securities available for sale | 9,867,000 | 16,053,000 | 13,701,000 | 14,691,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,642,000 | 46,103,000 | 41,901,000 | 49,269,000 |
| Interest-bearing deposits | 29,703,000 | 31,401,000 | 31,631,000 | 35,640,000 |
| Noninterest-bearing deposits | 12,939,000 | 14,702,000 | 10,270,000 | 13,629,000 |
| Equity capital | 6,876,000 | 6,685,000 | 6,889,000 | 7,052,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 578,000 | 1,166,000 | 1,812,000 | 2,473,000 |
| Interest expense | 161,000 | 311,000 | 468,000 | 635,000 |
| Net interest income | 417,000 | 855,000 | 1,344,000 | 1,838,000 |
| Noninterest income | 34,000 | 59,000 | 106,000 | 158,000 |
| Noninterest expense | 441,000 | 904,000 | 1,332,000 | 1,783,000 |
| Provision for loan losses | 0 | 8,000 | 8,000 | 8,000 |
| Pretax income | 10,000 | 2,000 | 110,000 | 205,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 10,000 | 2,000 | 110,000 | 205,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,820,000 | 6,831,000 | 6,939,000 | 7,109,000 |
| Total capital | 7,228,000 | 7,258,000 | 7,357,000 | 7,519,000 |
| Risk-weighted assets | 32,591,000 | 34,119,000 | 33,390,000 | 32,804,000 |