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The Freedom Bank Of Virginia

IDRSSD: 3019982
Total Assets
—
Latest filing
Total Deposits
—
Latest filing
Net Interest Margin
—
Profitability

Vital Signs Report — 2024-Q2

Per-quarter snapshot for 2024-Q2: composite Vital Signs Score, all five pillars, and ranked Watch Items.

Synthesis

Vital Signs Score
74
/ 100
StableAs of 2024-Q2QoQ -3

Weighted composite of five pillars (Liquidity, Securities, Capitalization, Asset Quality, Reserves). Missing pillars are dropped from the denominator. See methodology footer.

Quarterly Headline

2024-Q2

Bank #3019982 2024-Q2 Vital Signs Score: 74/100 — overall stable. Strongest pillar: Securities (strong). Weakest pillar: Reserves (watch).

Liquidity:Watch
Securities:Strong
Capitalization:Strong
Asset Quality:Stable
Reserves:Watch

Top 3 Watch Items

  1. watch
    Cash / Assets below 3%
    Liquidity — Cash 1.36% of assets (threshold 3%).

What changed this quarter

Compared to Q1 2024:
↓ -3 ptscomposite
  • Liquidity
    ↓ -7
  • Securities
    — —
  • Capitalization
    ↓ -5
  • Asset Quality
    ↑ +4
  • Reserves
    ↓ -6

The five pillars

Liquidity

WatchQoQ -7
52
Sub-score

Liquidity is deteriorating: brokered 29.9%, loans/deposits 87.5%, cash 1.4% of assets.

Cash / Assets
1.36%
Loans / Deposits
87.50%
Brokered %
29.90%

Watch Items

  • watchCash / Assets below 3% — Cash 1.36% of assets (threshold 3%).

Securities

Strong
100
Sub-score

Securities profile is strong: securities 1.9% of assets.

MtM Loss / Tier 1
—
SVB watch metric
Securities / Assets
1.90%
No watch items at this period.

Capitalization

StrongQoQ -5
89
Sub-score

Capital position is strong: Tier 1 RBC 13.05%, CET1 13.05%, leverage 10.28%.

Tier 1 RBC
13.05%
CET1
13.05%
Leverage
10.28%
No watch items at this period.

Asset Quality

StableQoQ +4
79
Sub-score

Asset quality is stable: Adjusted NPL 1.50%, Texas Ratio 9.4%, NCO YTD 0.03%.

Adjusted NPL
1.50%
Govt-guarantees stripped
Texas Ratio
9.4%
NCO YTD
0.03%
30-89 PD
2.24%
Band 0.3% / 3.0%
90+ PD
0.00%
Band 0.1% / 2.0%
No watch items at this period.

Reserves

WatchQoQ -6
43
Sub-score

Reserves are deteriorating: ALLL 1.06% of loans, coverage 71.3%, true coverage 71.3%.

ALLL / Loans
1.06%
Coverage
71.3%
True Loss Coverage
71.3%
No watch items at this period.

Methodology + sources

Vital Signs Score
Composite of five pillar sub-scores, each 0–100. Weights: Liquidity 20%, Securities 15%, Capitalization 25%, Asset Quality 25%, Reserves 15%. See functions/src/vitalSignsScore.ts for the complete formula and band anchors.
Period addressing
Per-quarter URLs accept "YYYY-Q{n}" (canonical), "YYYYqQ" (compact form), or "YYYY-MM-DD" quarter-end dates. All forms canonicalize to the same snapshot.
Source data
FFIEC Call Report Schedules RC, RC-A, RC-B, RC-E, RC-M, RC-N, RC-R, RI, and RI-B Pt I/II via CallReport_Financials + CallReport_FdicData (Visbanking nightly ingest).

Five-pillar framework follows industry-standard bank-health analytical conventions. Composite scoring is Visbanking's own.

Generated: 2026-05-14 02:45:22 UTC