Call reports 2011
FREEDOM BANK OF VIRGINIA, THE — 2011
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 181,026,000 | 174,836,000 | 200,896,000 | 207,485,000 |
| Total loans | 145,160,000 | 140,821,000 | 149,538,000 | 157,415,000 |
| Allowance for loan losses | 1,873,000 | 1,970,000 | 2,021,000 | 2,037,000 |
| Securities available for sale | 8,612,000 | 10,612,000 | 11,325,000 | 15,184,000 |
| Securities held to maturity | 1,075,000 | 873,000 | 766,000 | 666,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 158,597,000 | 151,811,000 | 177,406,000 | 183,148,000 |
| Interest-bearing deposits | 126,950,000 | 121,430,000 | 145,632,000 | 157,754,000 |
| Noninterest-bearing deposits | 31,646,000 | 30,381,000 | 31,774,000 | 25,394,000 |
| Equity capital | 21,995,000 | 22,513,000 | 22,977,000 | 23,697,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,425,000 | 4,788,000 | 7,159,000 | 9,624,000 |
| Interest expense | 479,000 | 933,000 | 1,374,000 | 1,862,000 |
| Net interest income | 1,946,000 | 3,855,000 | 5,785,000 | 7,762,000 |
| Noninterest income | 94,000 | 153,000 | 261,000 | 420,000 |
| Noninterest expense | 1,439,000 | 2,893,000 | 4,365,000 | 6,007,000 |
| Provision for loan losses | 185,000 | 313,000 | 333,000 | 348,000 |
| Pretax income | 416,000 | 802,000 | 1,420,000 | 1,900,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 416,000 | 802,000 | 1,420,000 | 1,900,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,905,000 | 22,370,000 | 22,944,000 | 23,562,000 |
| Total capital | 23,765,000 | 24,182,000 | 24,901,000 | 25,599,000 |
| Risk-weighted assets | 148,815,000 | 144,774,000 | 156,519,000 | 163,229,000 |