Call reports 2020
FREEDOM BANK OF VIRGINIA, THE — 2020
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 536,290,000 | 697,748,000 | 751,580,000 | 767,045,000 |
| Total loans | 431,985,000 | 545,565,000 | 572,140,000 | 595,475,000 |
| Allowance for loan losses | 4,671,000 | 5,226,000 | 5,228,000 | 5,455,000 |
| Securities available for sale | 57,411,000 | 88,728,000 | 93,793,000 | 97,188,000 |
| Securities held to maturity | 0 | 0 | 16,451,000 | 16,132,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 412,683,000 | 487,898,000 | 534,867,000 | 548,489,000 |
| Interest-bearing deposits | 327,745,000 | 334,063,000 | 358,646,000 | 355,501,000 |
| Noninterest-bearing deposits | 84,938,000 | 153,835,000 | 176,222,000 | 192,988,000 |
| Equity capital | 65,268,000 | 67,552,000 | 70,529,000 | 73,458,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 5,759,000 | 12,135,000 | 19,114,000 | 26,190,000 |
| Interest expense | 1,553,000 | 2,857,000 | 4,009,000 | 5,063,000 |
| Net interest income | 4,206,000 | 9,278,000 | 15,105,000 | 21,127,000 |
| Noninterest income | 2,116,000 | 4,971,000 | 9,493,000 | 13,707,000 |
| Noninterest expense | 4,847,000 | 10,217,000 | 17,392,000 | 24,306,000 |
| Provision for loan losses | 549,000 | 1,254,000 | 1,254,000 | 1,492,000 |
| Pretax income | 952,000 | 2,804,000 | 5,995,000 | 9,083,000 |
| Income tax | 102,000 | 429,000 | 1,044,000 | 1,719,000 |
| Net income | 850,000 | 2,375,000 | 4,951,000 | 7,364,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,027,000 | 66,655,000 | 69,315,000 | 72,117,000 |
| Total capital | 69,698,000 | 71,881,000 | 74,543,000 | 77,572,000 |
| Risk-weighted assets | 453,199,000 | 479,501,000 | 491,530,000 | 545,813,000 |
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