Call reports 2005
FREEDOM BANK OF VIRGINIA, THE — 2005
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 57,580,000 | 54,602,000 | 55,666,000 | 55,642,000 |
| Total loans | 29,590,000 | 33,592,000 | 36,270,000 | 33,559,000 |
| Allowance for loan losses | 442,000 | 442,000 | 442,000 | 442,000 |
| Securities available for sale | 15,621,000 | 13,616,000 | 13,534,000 | 13,450,000 |
| Securities held to maturity | 455,000 | 431,000 | 405,000 | 386,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,494,000 | 45,472,000 | 46,567,000 | 46,593,000 |
| Interest-bearing deposits | 32,400,000 | 31,228,000 | 31,834,000 | 32,215,000 |
| Noninterest-bearing deposits | 18,094,000 | 14,244,000 | 14,733,000 | 14,379,000 |
| Equity capital | 6,970,000 | 8,971,000 | 8,905,000 | 8,885,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 675,000 | 1,364,000 | 2,147,000 | 3,002,000 |
| Interest expense | 171,000 | 338,000 | 557,000 | 796,000 |
| Net interest income | 504,000 | 1,026,000 | 1,590,000 | 2,206,000 |
| Noninterest income | 40,000 | 75,000 | 118,000 | 162,000 |
| Noninterest expense | 469,000 | 1,126,000 | 1,811,000 | 2,435,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 75,000 | -55,000 | -133,000 | -97,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 75,000 | -55,000 | -133,000 | -97,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,184,000 | 9,078,000 | 9,066,000 | 9,102,000 |
| Total capital | 7,612,000 | 9,520,000 | 9,508,000 | 9,544,000 |
| Risk-weighted assets | 34,192,000 | 37,127,000 | 39,312,000 | 37,295,000 |