Call reports 2018
FREEDOM BANK OF VIRGINIA, THE — 2018
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 511,220,000 | 512,830,000 | 518,108,000 | 478,815,000 |
| Total loans | 401,500,000 | 410,955,000 | 411,056,000 | 398,496,000 |
| Allowance for loan losses | 4,507,000 | 4,362,000 | 4,299,000 | 4,572,000 |
| Securities available for sale | 59,068,000 | 60,357,000 | 49,535,000 | 48,204,000 |
| Securities held to maturity | 14,529,000 | 14,491,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 444,499,000 | 434,311,000 | 438,954,000 | 400,733,000 |
| Interest-bearing deposits | 375,342,000 | 361,149,000 | 367,895,000 | 333,719,000 |
| Noninterest-bearing deposits | 69,158,000 | 73,162,000 | 71,060,000 | 67,013,000 |
| Equity capital | 54,837,000 | 56,743,000 | 58,115,000 | 59,114,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 5,819,000 | 11,796,000 | 17,888,000 | 23,821,000 |
| Interest expense | 1,318,000 | 2,635,000 | 4,128,000 | 5,675,000 |
| Net interest income | 4,501,000 | 9,161,000 | 13,760,000 | 18,146,000 |
| Noninterest income | 520,000 | 1,533,000 | 2,297,000 | 2,935,000 |
| Noninterest expense | 4,631,000 | 9,490,000 | 14,731,000 | 19,345,000 |
| Provision for loan losses | 0 | 0 | 0 | 406,000 |
| Pretax income | 390,000 | 1,204,000 | 145,000 | 149,000 |
| Income tax | 82,000 | 196,000 | -31,000 | -42,000 |
| Net income | 308,000 | 1,008,000 | 176,000 | 191,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,158,000 | 58,277,000 | 59,745,000 | 60,238,000 |
| Total capital | 60,665,000 | 62,639,000 | 64,044,000 | 64,810,000 |
| Risk-weighted assets | 404,782,000 | 415,206,000 | 413,085,000 | 408,910,000 |