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BankHealth

FREEDOM BANK OF VIRGINIA

FAIRFAX, VIRGINIA · FDIC Cert #57184

B
Health Score
75/100
$1.1B
Total Assets
$881M
Total Deposits
13.09%
Tier 1 Capital
Q2 2024
Report Date

Capital & Safety Analysis

Regulatory Status:Well-Capitalized

According to FDIC financial data, FREEDOM BANK OF VIRGINIA holds a Tier 1 capital ratio of 13.09%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning FREEDOM BANK OF VIRGINIA has a strong buffer to absorb potential losses.

Key Financial Metrics

1.48%
Nonperforming Loans
Moderate — some loan stress
23.22%
Liquidity Ratio
Strong — can meet withdrawal demands
0.94%
Return on Assets
Low profitability
$881M
Domestic Deposits
Total domestic deposits held

What This Means For Your Money

FREEDOM BANK OF VIRGINIA shows strong financial health indicators. With $1.1B in assets and a Health Score of 75/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.

Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.

Frequently Asked Questions

FREEDOM BANK OF VIRGINIA has a Bank Health Score of B (75/100). It holds a Tier 1 capital ratio of 13.09%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.

FREEDOM BANK OF VIRGINIA holds $1.1B in total assets and $881M in total deposits. It is located in FAIRFAX, VIRGINIA (FDIC Certificate #57184).

FREEDOM BANK OF VIRGINIA has a Tier 1 capital ratio of 13.09%, classifying it as "Well-Capitalized." The nonperforming loan ratio is 1.48%, and the return on assets is 0.94%.

Yes. FREEDOM BANK OF VIRGINIA is FDIC-insured (Certificate #57184). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.

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