Call reports 2016
FREEDOM BANK OF VIRGINIA, THE — 2016
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 425,134,000 | 475,790,000 | 493,976,000 | 496,501,000 |
| Total loans | 340,506,000 | 384,718,000 | 410,645,000 | 414,580,000 |
| Allowance for loan losses | 3,318,000 | 3,585,000 | 4,100,000 | 4,150,000 |
| Securities available for sale | 60,725,000 | 55,927,000 | 46,197,000 | 29,073,000 |
| Securities held to maturity | 0 | 0 | 0 | 15,036,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 365,263,000 | 394,827,000 | 414,307,000 | 399,403,000 |
| Interest-bearing deposits | 309,101,000 | 328,195,000 | 348,243,000 | 336,451,000 |
| Noninterest-bearing deposits | 56,162,000 | 66,632,000 | 66,064,000 | 62,952,000 |
| Equity capital | 49,428,000 | 50,393,000 | 51,159,000 | 51,657,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 4,710,000 | 9,732,000 | 15,319,000 | 21,043,000 |
| Interest expense | 848,000 | 1,731,000 | 2,705,000 | 3,701,000 |
| Net interest income | 3,862,000 | 8,001,000 | 12,614,000 | 17,342,000 |
| Noninterest income | 709,000 | 2,051,000 | 3,576,000 | 4,667,000 |
| Noninterest expense | 3,818,000 | 8,054,000 | 12,591,000 | 16,796,000 |
| Provision for loan losses | 143,000 | 410,000 | 926,000 | 1,090,000 |
| Pretax income | 610,000 | 1,616,000 | 2,704,000 | 4,154,000 |
| Income tax | 208,000 | 550,000 | 919,000 | 1,412,000 |
| Net income | 402,000 | 1,066,000 | 1,785,000 | 2,742,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,586,000 | 50,254,000 | 51,004,000 | 52,145,000 |
| Total capital | 52,904,000 | 53,839,000 | 55,104,000 | 56,295,000 |
| Risk-weighted assets | 345,188,000 | 383,509,000 | 411,299,000 | 423,378,000 |
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