Call reports 2019
FREEDOM BANK OF VIRGINIA, THE — 2019
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 477,902,000 | 489,907,000 | 507,387,000 | 500,393,000 |
| Total loans | 388,021,000 | 403,163,000 | 420,156,000 | 404,599,000 |
| Allowance for loan losses | 4,509,000 | 4,436,000 | 4,503,000 | 4,122,000 |
| Securities available for sale | 54,177,000 | 46,998,000 | 44,984,000 | 49,855,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 395,227,000 | 398,408,000 | 396,653,000 | 395,210,000 |
| Interest-bearing deposits | 322,449,000 | 316,657,000 | 315,736,000 | 314,581,000 |
| Noninterest-bearing deposits | 72,779,000 | 81,750,000 | 80,917,000 | 80,630,000 |
| Equity capital | 60,285,000 | 61,250,000 | 63,186,000 | 64,027,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 5,804,000 | 11,473,000 | 17,673,000 | 23,562,000 |
| Interest expense | 1,589,000 | 3,316,000 | 5,076,000 | 6,752,000 |
| Net interest income | 4,215,000 | 8,157,000 | 12,597,000 | 16,810,000 |
| Noninterest income | 825,000 | 1,950,000 | 3,553,000 | 4,615,000 |
| Noninterest expense | 4,517,000 | 8,910,000 | 13,829,000 | 18,159,000 |
| Provision for loan losses | 0 | 148,000 | 195,000 | 195,000 |
| Pretax income | 526,000 | 1,155,000 | 2,232,000 | 3,177,000 |
| Income tax | 9,000 | 130,000 | 275,000 | 471,000 |
| Net income | 517,000 | 1,025,000 | 1,957,000 | 2,706,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,869,000 | 61,503,000 | 63,234,000 | 64,056,000 |
| Total capital | 65,378,000 | 65,939,000 | 67,737,000 | 68,178,000 |
| Risk-weighted assets | 398,204,000 | 412,606,000 | 427,574,000 | 419,864,000 |