Call reports 2022
FREEDOM BANK OF VIRGINIA, THE — 2022
What FREEDOM BANK OF VIRGINIA, THE reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 863,025,000 | 895,893,000 | 963,990,000 | 985,123,000 |
| Total loans | 604,954,000 | 638,405,000 | 667,196,000 | 705,067,000 |
| Allowance for loan losses | 6,650,000 | 7,025,000 | 7,407,000 | 7,614,000 |
| Securities available for sale | 169,109,000 | 170,387,000 | 181,558,000 | 181,558,000 |
| Securities held to maturity | 17,983,000 | 17,953,000 | 17,587,000 | 17,096,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 715,445,000 | 758,131,000 | 839,654,000 | 849,688,000 |
| Interest-bearing deposits | 506,515,000 | 540,367,000 | 633,866,000 | 661,578,000 |
| Noninterest-bearing deposits | 208,930,000 | 217,763,000 | 205,788,000 | 188,110,000 |
| Equity capital | 98,400,000 | 93,365,000 | 91,078,000 | 94,077,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 8,303,000 | 16,816,000 | 27,023,000 | 38,927,000 |
| Interest expense | 495,000 | 1,197,000 | 2,967,000 | 6,559,000 |
| Net interest income | 7,808,000 | 15,619,000 | 24,056,000 | 32,368,000 |
| Noninterest income | 1,759,000 | 3,475,000 | 4,601,000 | 5,668,000 |
| Noninterest expense | 5,617,000 | 11,379,000 | 16,711,000 | 21,868,000 |
| Provision for loan losses | 164,000 | 539,000 | 921,000 | 1,248,000 |
| Pretax income | 3,845,000 | 7,176,000 | 11,035,000 | 14,950,000 |
| Income tax | 826,000 | 1,480,000 | 2,322,000 | 3,046,000 |
| Net income | 3,019,000 | 5,696,000 | 8,713,000 | 11,904,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 103,673,000 | 105,207,000 | 108,220,000 | 111,302,000 |
| Total capital | 110,323,000 | 112,232,000 | 115,627,000 | 118,916,000 |
| Risk-weighted assets | 728,338,000 | 760,015,000 | 794,446,000 | 832,517,000 |