Call reports 2015
FREEDOM BANK OF VIRGINIA, THE — 2015
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 353,666,000 | 381,368,000 | 390,093,000 | 400,438,000 |
| Total loans | 297,532,000 | 316,346,000 | 326,863,000 | 326,704,000 |
| Allowance for loan losses | 2,986,000 | 2,931,000 | 3,070,000 | 3,133,000 |
| Securities available for sale | 29,843,000 | 32,520,000 | 35,150,000 | 46,316,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 320,510,000 | 347,966,000 | 354,014,000 | 349,566,000 |
| Interest-bearing deposits | 264,484,000 | 294,544,000 | 296,148,000 | 297,715,000 |
| Noninterest-bearing deposits | 56,026,000 | 53,423,000 | 57,866,000 | 51,851,000 |
| Equity capital | 31,972,000 | 32,163,000 | 32,881,000 | 42,581,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 3,905,000 | 8,082,000 | 12,529,000 | 17,183,000 |
| Interest expense | 680,000 | 1,400,000 | 2,186,000 | 3,006,000 |
| Net interest income | 3,225,000 | 6,682,000 | 10,343,000 | 14,177,000 |
| Noninterest income | 230,000 | 1,089,000 | 1,722,000 | 2,519,000 |
| Noninterest expense | 2,939,000 | 6,396,000 | 9,768,000 | 13,444,000 |
| Provision for loan losses | 300,000 | 470,000 | 609,000 | 672,000 |
| Pretax income | 216,000 | 905,000 | 1,712,000 | 2,604,000 |
| Income tax | 73,000 | 308,000 | 582,000 | 885,000 |
| Net income | 143,000 | 597,000 | 1,130,000 | 1,719,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,929,000 | 32,399,000 | 32,948,000 | 42,892,000 |
| Total capital | 34,915,000 | 35,330,000 | 36,018,000 | 46,025,000 |
| Risk-weighted assets | 290,590,000 | 313,914,000 | 324,527,000 | 326,730,000 |