Call reports 2013
FREEDOM BANK OF VIRGINIA, THE — 2013
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 239,631,000 | 254,805,000 | 270,175,000 | 274,202,000 |
| Total loans | 185,921,000 | 196,132,000 | 198,699,000 | 220,934,000 |
| Allowance for loan losses | 2,305,000 | 2,456,000 | 2,456,000 | 2,587,000 |
| Securities available for sale | 33,485,000 | 29,398,000 | 27,459,000 | 23,740,000 |
| Securities held to maturity | 293,000 | 78,000 | 58,000 | 45,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 213,422,000 | 226,427,000 | 243,551,000 | 247,160,000 |
| Interest-bearing deposits | 180,226,000 | 188,615,000 | 197,928,000 | 208,068,000 |
| Noninterest-bearing deposits | 33,196,000 | 37,812,000 | 45,623,000 | 39,093,000 |
| Equity capital | 25,555,000 | 25,699,000 | 25,932,000 | 26,119,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,596,000 | 5,603,000 | 8,494,000 | 11,424,000 |
| Interest expense | 483,000 | 960,000 | 1,475,000 | 1,985,000 |
| Net interest income | 2,113,000 | 4,643,000 | 7,019,000 | 9,439,000 |
| Noninterest income | 224,000 | 427,000 | 632,000 | 734,000 |
| Noninterest expense | 1,966,000 | 4,086,000 | 6,263,000 | 8,484,000 |
| Provision for loan losses | 70,000 | 158,000 | 158,000 | 297,000 |
| Pretax income | 301,000 | 826,000 | 1,230,000 | 1,372,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 301,000 | 826,000 | 1,230,000 | 1,372,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,279,000 | 25,849,000 | 26,252,000 | 26,478,000 |
| Total capital | 27,584,000 | 28,305,000 | 28,708,000 | 29,065,000 |
| Risk-weighted assets | 190,364,000 | 198,551,000 | 203,515,000 | 219,260,000 |