Call reports 2021
FREEDOM BANK OF VIRGINIA, THE — 2021
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 871,045,000 | 837,070,000 | 846,602,000 | 877,767,000 |
| Total loans | 646,415,000 | 623,125,000 | 592,670,000 | 615,665,000 |
| Allowance for loan losses | 5,535,000 | 5,765,000 | 6,011,000 | 6,486,000 |
| Securities available for sale | 99,206,000 | 113,476,000 | 137,254,000 | 171,532,000 |
| Securities held to maturity | 16,103,000 | 16,071,000 | 18,498,000 | 18,013,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 627,117,000 | 622,103,000 | 675,496,000 | 704,964,000 |
| Interest-bearing deposits | 393,309,000 | 395,241,000 | 459,109,000 | 479,526,000 |
| Noninterest-bearing deposits | 233,808,000 | 226,862,000 | 216,387,000 | 225,438,000 |
| Equity capital | 75,634,000 | 78,996,000 | 81,455,000 | 101,305,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 7,558,000 | 15,181,000 | 22,873,000 | 31,558,000 |
| Interest expense | 889,000 | 1,684,000 | 2,381,000 | 2,954,000 |
| Net interest income | 6,669,000 | 13,497,000 | 20,492,000 | 28,604,000 |
| Noninterest income | 3,049,000 | 5,339,000 | 7,960,000 | 9,716,000 |
| Noninterest expense | 6,608,000 | 12,297,000 | 18,017,000 | 23,598,000 |
| Provision for loan losses | 64,000 | 255,000 | 484,000 | 839,000 |
| Pretax income | 3,059,000 | 6,299,000 | 9,952,000 | 13,890,000 |
| Income tax | 590,000 | 1,204,000 | 1,967,000 | 2,619,000 |
| Net income | 2,469,000 | 5,095,000 | 7,985,000 | 11,271,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 74,714,000 | 77,454,000 | 80,442,000 | 100,654,000 |
| Total capital | 80,249,000 | 83,219,000 | 86,453,000 | 107,140,000 |
| Risk-weighted assets | 581,091,000 | 600,376,000 | 631,863,000 | 694,716,000 |