Call reports 2014
FREEDOM BANK OF VIRGINIA, THE — 2014
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 293,555,000 | 300,562,000 | 305,266,000 | 342,612,000 |
| Total loans | 244,856,000 | 253,529,000 | 257,558,000 | 279,640,000 |
| Allowance for loan losses | 2,590,000 | 2,695,000 | 2,526,000 | 2,686,000 |
| Securities available for sale | 23,298,000 | 18,824,000 | 25,500,000 | 27,295,000 |
| Securities held to maturity | 35,000 | 24,000 | 14,000 | 6,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 265,914,000 | 272,403,000 | 276,211,000 | 311,691,000 |
| Interest-bearing deposits | 216,715,000 | 223,570,000 | 227,163,000 | 260,256,000 |
| Noninterest-bearing deposits | 49,199,000 | 48,833,000 | 49,048,000 | 51,435,000 |
| Equity capital | 26,580,000 | 27,136,000 | 27,639,000 | 29,769,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 3,167,000 | 6,561,000 | 10,062,000 | 13,700,000 |
| Interest expense | 530,000 | 1,076,000 | 1,647,000 | 2,267,000 |
| Net interest income | 2,637,000 | 5,485,000 | 8,415,000 | 11,433,000 |
| Noninterest income | 82,000 | 199,000 | 324,000 | 489,000 |
| Noninterest expense | 2,271,000 | 4,647,000 | 7,139,000 | 9,863,000 |
| Provision for loan losses | 100,000 | 235,000 | 327,000 | 486,000 |
| Pretax income | 348,000 | 829,000 | 1,300,000 | 1,600,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 348,000 | 829,000 | 1,300,000 | 1,600,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,826,000 | 27,306,000 | 27,778,000 | 29,828,000 |
| Total capital | 29,416,000 | 30,001,000 | 30,304,000 | 32,514,000 |
| Risk-weighted assets | 242,170,000 | 244,843,000 | 248,004,000 | 271,863,000 |