Call reports 2006
FREEDOM BANK OF VIRGINIA, THE — 2006
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 58,577,000 | 63,821,000 | 60,620,000 | 73,820,000 |
| Total loans | 34,249,000 | 34,545,000 | 36,494,000 | 39,055,000 |
| Allowance for loan losses | 437,000 | 437,000 | 437,000 | 395,000 |
| Securities available for sale | 13,442,000 | 15,888,000 | 14,534,000 | 14,585,000 |
| Securities held to maturity | 375,000 | 358,000 | 1,439,000 | 2,523,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,578,000 | 54,869,000 | 51,624,000 | 64,793,000 |
| Interest-bearing deposits | 35,938,000 | 42,599,000 | 37,248,000 | 49,786,000 |
| Noninterest-bearing deposits | 13,640,000 | 12,270,000 | 14,376,000 | 15,007,000 |
| Equity capital | 8,820,000 | 8,759,000 | 8,763,000 | 8,780,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 814,000 | 1,741,000 | 2,674,000 | 3,662,000 |
| Interest expense | 268,000 | 644,000 | 1,065,000 | 1,523,000 |
| Net interest income | 546,000 | 1,097,000 | 1,609,000 | 2,139,000 |
| Noninterest income | 44,000 | 76,000 | 117,000 | 156,000 |
| Noninterest expense | 649,000 | 1,262,000 | 1,904,000 | 2,579,000 |
| Provision for loan losses | 0 | 0 | 0 | 33,000 |
| Pretax income | -59,000 | -89,000 | -178,000 | -317,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -59,000 | -89,000 | -178,000 | -317,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,043,000 | 9,017,000 | 8,928,000 | 8,912,000 |
| Total capital | 9,480,000 | 9,454,000 | 9,365,000 | 9,307,000 |
| Risk-weighted assets | 38,538,000 | 40,011,000 | 40,254,000 | 44,406,000 |
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