The Freedom Bank of Virginia: how it compares with its peers
Against 20 VA banks with half to twice its assets, The Freedom Bank of Virginia's strongest measure in Q2 2026 is assets per employee ($10.3M vs. a $6.7M peer median). Its weakest relative measure is return on assets (0.45% vs. 1.34%).
| Measure | The Freedom Bank of Virginia | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.45% | 1.34% | Bottom third Ahead of 0% of peers |
| Net interest margin Annualized net interest income over earning assets. | 2.90% | 4.07% | Bottom third Ahead of 5% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 78.98% | 59.89% | Bottom third Ahead of 0% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.3M | $6.7M | Top third Ahead of 80% of peers |
| Loans to deposits Net loans and leases over total deposits. | 87.94% | 80.53% | Context |
What it means for lending operations
Its efficiency ratio of 78.98% is above the 59.89% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Bank of the James Lynchburg, VA · $1.03B
- Oak View National Bank Warrenton, VA · $966M
- New Peoples Bank, Inc. Honaker, VA · $942M
- Bank of Botetourt Buchanan, VA · $939M
- First National Bank Altavista, VA · $1.14B
- Trustar Bank Great Falls, VA · $1.14B
Questions about The Freedom Bank of Virginia
How big is The Freedom Bank of Virginia?
The Freedom Bank of Virginia, established in 2001, is headquartered in Fairfax, VA. It reported $1.04B in total assets in its Q2 2026 FDIC call report and operates 6 offices.
What is The Freedom Bank of Virginia's return on assets?
0.45% annualized in Q2 2026, against a 1.34% median for 20 VA banks with half to twice its assets, ahead of 0% of them.
What is The Freedom Bank of Virginia's efficiency ratio?
78.98% in Q2 2026: it spent about 79 cents in noninterest expense for each dollar of revenue. The peer median is 59.89%, and lower is better.
Is The Freedom Bank of Virginia growing its loans?
Net loans grew 4.0% over the year to Q2 2026, while deposits shrank 4.8%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are VA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Virginia bank ranked.