Call reports 2009
FREEDOM BANK OF VIRGINIA, THE — 2009
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 146,672,000 | 154,953,000 | 151,222,000 | 157,282,000 |
| Total loans | 121,307,000 | 129,491,000 | 130,053,000 | 135,400,000 |
| Allowance for loan losses | 4,797,000 | 4,608,000 | 2,780,000 | 1,908,000 |
| Securities available for sale | 4,172,000 | 6,305,000 | 4,769,000 | 4,632,000 |
| Securities held to maturity | 6,715,000 | 5,862,000 | 4,518,000 | 4,033,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,275,000 | 135,663,000 | 131,706,000 | 137,435,000 |
| Interest-bearing deposits | 102,834,000 | 107,764,000 | 103,425,000 | 109,635,000 |
| Noninterest-bearing deposits | 24,441,000 | 27,899,000 | 28,281,000 | 27,800,000 |
| Equity capital | 18,185,000 | 18,249,000 | 18,545,000 | 19,059,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,925,000 | 3,927,000 | 6,077,000 | 8,264,000 |
| Interest expense | 866,000 | 1,661,000 | 2,362,000 | 2,879,000 |
| Net interest income | 1,059,000 | 2,266,000 | 3,715,000 | 5,385,000 |
| Noninterest income | 93,000 | 261,000 | 650,000 | 970,000 |
| Noninterest expense | 1,846,000 | 3,084,000 | 4,302,000 | 5,550,000 |
| Provision for loan losses | 3,811,000 | 3,843,000 | 4,225,000 | 4,436,000 |
| Pretax income | -4,505,000 | -4,400,000 | -4,162,000 | -3,631,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -4,505,000 | -4,400,000 | -4,162,000 | -3,631,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,140,000 | 18,245,000 | 18,483,000 | 19,015,000 |
| Total capital | 19,727,000 | 19,911,000 | 20,143,000 | 20,756,000 |
| Risk-weighted assets | 123,752,000 | 137,286,000 | 131,649,000 | 139,117,000 |
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