Call reports 2010
FREEDOM BANK OF VIRGINIA, THE — 2010
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 163,182,000 | 178,820,000 | 176,148,000 | 171,304,000 |
| Total loans | 137,565,000 | 138,562,000 | 136,708,000 | 141,067,000 |
| Allowance for loan losses | 1,724,000 | 1,817,000 | 1,723,000 | 1,735,000 |
| Securities available for sale | 4,562,000 | 5,775,000 | 5,993,000 | 5,768,000 |
| Securities held to maturity | 2,970,000 | 2,616,000 | 2,306,000 | 2,004,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 143,002,000 | 158,295,000 | 155,022,000 | 149,124,000 |
| Interest-bearing deposits | 120,609,000 | 130,893,000 | 126,361,000 | 119,325,000 |
| Noninterest-bearing deposits | 22,393,000 | 27,402,000 | 28,661,000 | 29,798,000 |
| Equity capital | 19,444,000 | 19,938,000 | 20,519,000 | 21,575,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,245,000 | 4,541,000 | 6,935,000 | 9,231,000 |
| Interest expense | 506,000 | 1,071,000 | 1,656,000 | 2,197,000 |
| Net interest income | 1,739,000 | 3,470,000 | 5,279,000 | 7,034,000 |
| Noninterest income | 78,000 | 153,000 | 289,000 | 473,000 |
| Noninterest expense | 1,355,000 | 2,603,000 | 3,987,000 | 5,485,000 |
| Provision for loan losses | 100,000 | 200,000 | 200,000 | 200,000 |
| Pretax income | 362,000 | 820,000 | 1,381,000 | 1,822,000 |
| Income tax | 0 | 0 | 0 | -612,000 |
| Net income | 362,000 | 820,000 | 1,381,000 | 2,434,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,377,000 | 19,834,000 | 20,396,000 | 21,489,000 |
| Total capital | 21,101,000 | 21,643,000 | 22,119,000 | 23,224,000 |
| Risk-weighted assets | 141,399,000 | 144,700,000 | 142,168,000 | 144,697,000 |
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