Freedom Bank of Virginia reported earnings results for the year ended December 31, 2012. Total interest income was $9,920,949 against $9,548,401 last year. Net interest income was $7,912,296 against $7,686,573 last year.

Income before income taxes was $1,192,255 against $1,900,300 last year. Net income was $1,192,255 or $0.42 per diluted share against $1,900,300 or $0.67 per diluted share last year. Net profit declined for the year primarily due to investments the bank made in loan growth and improving asset quality.

Book value per share was $8.81 at December 31, 2012, up from $8.07 per share at December 31, 2011.