Freedom Financial : FDVA Presentation Septemeber 2022

Janney 2022 Community Bank Conference

September 19-20, 2022

Joseph J. Thomas - President & CEO

Disclosure

This presentation contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates, and expectations include fluctuation in market rates of interest and loan and deposit pricing; adverse changes in the overall national economy, as well as adverse economic conditions in our specific market areas; maintenance and development of well-established and valued client relationships and referral source relationships; and acquisition or loss of key production personnel. Other risks that can affect the Bank are detailed from time to time in our quarterly and annual reports filed with the Federal Financial Institutions Examination Council. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this presentation, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.

2

Agenda

Company Overview

Management, Model, & Market

Financial Results

Investment Summary

Our Company

Franchise Footprint

Company Highlights

Maryland

DC

Virginia

2001

Bank Established in

Vienna, VA

$895,522,416

Assets as of

June 30, 2022

1.15%

ROAA, Six Months Ended

June 30, 2022

17.88%

Non-Interest Income/Total

Revenue

100

Total Employees

14.77%

Total Capital Ratio as of

June 30, 2022

63.38%

Efficiency Ratio, Six Months

ended June 30, 2022

0.41%

Cost of Funds, Six Months

Ended June 30, 2022

4

Company History

								Freedom Financial		Freedom Financial
Freedom		Six founding board members		Patriot Financial Partners		Rick Hutchinson
Bank		of James Monroe lead a $9.9		leads a capital raise of		joins with team to		Holdings, Inc.,		issues $20 million in
					3.5% Fixed to Floating
founded in		million capital raise and join		$16 million and assumes		launch Mortgage		holding company for
			Division		Freedom Bank, is		Rate Subordinated
Vienna, VA		the Board		one board seat
								formed		Debt Offering

Jul

Apr

Jun

Jul

Dec

Dec

Aug

Dec

Oct

Nov

Jan

2001

2005

2007

2014

2015

2017

2018

2018

2021

2021

2022

Joe Thomas joins as CEO &

Relaunch of

implements new

Freedom Bank

Corporate

Kevin Ferryman

reorganization and

Foundation

headquarters

joins with team

Reston, VA

restructuring measures to

focusing on

relocated to

Chantilly, VA

to launch SBA

position the bank for the

economic

Fairfax, VA

Branch is added

Branch is added

Division

future

inclusion

2018 Reorganization & Restructuring - Creating a New Freedom Bank

 Refreshed Board of Directors

 Invested in Leading Digital Technology

• Elected H. Jason Gold as Chairman
• Added 2 new directors along with the retirement of 6 legacy directors
• Approved new 5-year strategic plan focused on growth in small business lending and non-interest bearing deposits

• Redesigned website to enhance branding, marketing & digital access
• Restructured contracts with core service providers and network providers & contracted with Q2 to upgrade client functionality and digital experience
• Launched online residential mortgage application system

• Revamped Management Team

•	Elected Joe Thomas as President & Chief Executive Officer	 Workforce Restructuring
•	Appointed Shaun Murphy as Chief Operating Officer	•	Lowered compensation costs through workforce restructuring to
•	Implemented a new management organization following the		improve efficiency going forward
	departure of legacy Chief Credit & Chief Lending Officers

5