Call reports 2017
FREEDOM BANK OF VIRGINIA, THE — 2017
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 502,929,000 | 519,492,000 | 561,130,000 | 533,271,000 |
| Total loans | 403,255,000 | 410,996,000 | 410,091,000 | 415,105,000 |
| Allowance for loan losses | 4,276,000 | 4,562,000 | 4,562,000 | 4,562,000 |
| Securities available for sale | 38,854,000 | 49,515,000 | 52,723,000 | 61,989,000 |
| Securities held to maturity | 14,995,000 | 14,953,000 | 14,911,000 | 14,869,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 437,745,000 | 453,204,000 | 493,904,000 | 465,990,000 |
| Interest-bearing deposits | 368,200,000 | 384,605,000 | 420,419,000 | 396,038,000 |
| Noninterest-bearing deposits | 69,545,000 | 68,599,000 | 73,485,000 | 69,953,000 |
| Equity capital | 52,674,000 | 53,930,000 | 54,701,000 | 56,243,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 5,611,000 | 11,613,000 | 17,652,000 | 23,755,000 |
| Interest expense | 1,038,000 | 2,225,000 | 3,609,000 | 5,002,000 |
| Net interest income | 4,573,000 | 9,388,000 | 14,043,000 | 18,753,000 |
| Noninterest income | 710,000 | 2,016,000 | 3,157,000 | 3,996,000 |
| Noninterest expense | 4,270,000 | 8,762,000 | 13,376,000 | 17,726,000 |
| Provision for loan losses | 30,000 | 30,000 | 30,000 | 30,000 |
| Pretax income | 983,000 | 2,612,000 | 3,812,000 | 5,011,000 |
| Income tax | 334,000 | 888,000 | 1,296,000 | 2,150,000 |
| Net income | 649,000 | 1,724,000 | 2,516,000 | 2,861,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 53,064,000 | 54,159,000 | 55,028,000 | 56,692,000 |
| Total capital | 57,340,000 | 58,721,000 | 59,590,000 | 61,254,000 |
| Risk-weighted assets | 411,022,000 | 418,324,000 | 431,618,000 | 422,066,000 |