Call reports 2003
CHOICE FINANCIAL GROUP — 2003
What CHOICE FINANCIAL GROUP reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 176,161,000 | 189,021,000 | 206,682,000 | 222,605,000 |
| Total loans | 144,575,000 | 160,522,000 | 176,096,000 | 181,209,000 |
| Allowance for loan losses | 2,400,000 | 2,454,000 | 2,554,000 | 2,360,000 |
| Securities available for sale | 17,596,000 | 15,722,000 | 15,388,000 | 16,574,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 144,471,000 | 156,394,000 | 175,257,000 | 180,859,000 |
| Interest-bearing deposits | 123,841,000 | 136,610,000 | 154,512,000 | 156,375,000 |
| Noninterest-bearing deposits | 20,630,000 | 19,784,000 | 20,745,000 | 24,484,000 |
| Equity capital | 15,377,000 | 15,666,000 | 17,503,000 | 26,790,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 2,632,000 | 5,427,000 | 8,374,000 | 11,467,000 |
| Interest expense | 868,000 | 1,727,000 | 2,629,000 | 3,513,000 |
| Net interest income | 1,764,000 | 3,700,000 | 5,745,000 | 7,954,000 |
| Noninterest income | 601,000 | 1,251,000 | 1,978,000 | 2,697,000 |
| Noninterest expense | 1,428,000 | 2,914,000 | 4,397,000 | 6,200,000 |
| Provision for loan losses | 63,000 | 125,000 | 217,000 | 280,000 |
| Pretax income | 874,000 | 1,912,000 | 3,109,000 | 4,171,000 |
| Income tax | 225,000 | 295,000 | 378,000 | 398,000 |
| Net income | 649,000 | 1,617,000 | 2,731,000 | 3,773,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,032,000 | 14,310,000 | 16,312,000 | 25,629,000 |
| Total capital | 15,967,000 | 16,359,000 | 18,588,000 | 27,989,000 |
| Risk-weighted assets | 154,310,000 | 163,546,000 | 181,797,000 | 193,231,000 |