The Freedom Bank of Virginia

The Freedom Bank of Virginia is headquartered in Vienna and is the 72^nd largest bank in the state of Virginia. It is also the 2,929^th largest bank in the nation. It was established in 2001 and as of March of 2012, it had grown to 32 employees at 2 locations. The Freedom Bank of Virginia has a 5-star health rating.

Data for Q1 2012

Institution Statistics The Freedom Bank of Virginia FDIC Certificate # 57184 BankRate Report View Year Established 2001 Employees 32 Primary Regulator FED Assets and Liabilities Assets $217.20 million Loans $154.19 million Deposits $192.75 million Equity Capital $24.00 million Loan Loss Allowance $2.30 million Unbacked Noncurrent Loans $3.24 million Historic Data - March 2011 Assets $181.03 million Equity Capital $22.00 million Loan Loss Allowance $1.87 million Unbacked Noncurrent Loans $2.65 million Profit Margin - Quarterly Net Interest Margin 3.84% Return on Assets 0.58% Return on Equity 5.18% Interest Income $2.48 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 The Freedom Bank of Virginia had $3.24 million in non-current loans and owned real-estate with $26.3 million in equity and loan loss allowances on hand to cover it. This gives The Freedom Bank of Virginia a Texas Ratio of 12.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Freedom Bank of Virginia held steady from 11.10% as of March 31, 2011 to 12.30% as of March 31, 2012, resulting in a negative change of 10.83%. This indicates that the balance sheet and financial strength for The Freedom Bank of Virginia has held steady in recent periods. Deposit Growth In the past year, The Freedom Bank of Virginia has increased its total deposits by $34.16 million, resulting in 21.54% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The Freedom Bank of Virginia has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The Freedom Bank of Virginia has $217.2 million in assets with $26.3 million in equity, resulting in a capitalization level of 12.11%, which is excellent.

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