Call reports 2004
CHOICE FINANCIAL GROUP — 2004
What CHOICE FINANCIAL GROUP reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 223,766,000 | 240,316,000 | 262,375,000 | 280,789,000 |
| Total loans | 185,348,000 | 203,843,000 | 225,568,000 | 240,110,000 |
| Allowance for loan losses | 2,491,000 | 2,497,000 | 2,833,000 | 2,808,000 |
| Securities available for sale | 18,742,000 | 20,303,000 | 18,678,000 | 19,499,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 185,704,000 | 201,384,000 | 214,303,000 | 236,733,000 |
| Interest-bearing deposits | 164,577,000 | 177,818,000 | 193,084,000 | 206,605,000 |
| Noninterest-bearing deposits | 21,127,000 | 23,566,000 | 21,219,000 | 30,128,000 |
| Equity capital | 26,323,000 | 26,868,000 | 28,001,000 | 28,864,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 3,020,000 | 6,278,000 | 9,855,000 | 13,837,000 |
| Interest expense | 862,000 | 1,764,000 | 2,839,000 | 4,067,000 |
| Net interest income | 2,158,000 | 4,514,000 | 7,016,000 | 9,770,000 |
| Noninterest income | 618,000 | 1,291,000 | 1,968,000 | 2,616,000 |
| Noninterest expense | 1,737,000 | 3,530,000 | 5,343,000 | 7,445,000 |
| Provision for loan losses | 90,000 | 200,000 | 425,000 | 585,000 |
| Pretax income | 949,000 | 2,075,000 | 3,226,000 | 4,356,000 |
| Income tax | 66,000 | 145,000 | 226,000 | 292,000 |
| Net income | 883,000 | 1,930,000 | 3,000,000 | 4,064,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,132,000 | 26,045,000 | 27,016,000 | 27,938,000 |
| Total capital | 27,608,000 | 28,542,000 | 29,849,000 | 30,746,000 |
| Risk-weighted assets | 198,048,000 | 211,098,000 | 236,386,000 | 247,949,000 |