Call reports 2008
CHOICE FINANCIAL GROUP — 2008
What CHOICE FINANCIAL GROUP reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 468,155,000 | 501,990,000 | 523,734,000 | 544,600,000 |
| Total loans | 393,332,000 | 419,462,000 | 440,095,000 | 460,261,000 |
| Allowance for loan losses | 4,071,000 | 4,506,000 | 4,617,000 | 4,547,000 |
| Securities available for sale | 46,288,000 | 47,269,000 | 52,864,000 | 54,691,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 404,093,000 | 428,256,000 | 444,208,000 | 438,081,000 |
| Interest-bearing deposits | 367,215,000 | 388,153,000 | 401,907,000 | 388,859,000 |
| Noninterest-bearing deposits | 36,878,000 | 40,103,000 | 42,301,000 | 49,222,000 |
| Equity capital | 39,150,000 | 40,953,000 | 43,218,000 | 45,470,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 7,579,000 | 15,017,000 | 22,851,000 | 30,698,000 |
| Interest expense | 3,875,000 | 7,645,000 | 11,628,000 | 15,440,000 |
| Net interest income | 3,704,000 | 7,372,000 | 11,223,000 | 15,258,000 |
| Noninterest income | 1,400,000 | 3,625,000 | 4,939,000 | 6,706,000 |
| Noninterest expense | 3,034,000 | 6,245,000 | 9,330,000 | 12,916,000 |
| Provision for loan losses | 101,000 | 551,000 | 742,000 | 1,488,000 |
| Pretax income | 1,964,000 | 4,063,000 | 5,975,000 | 7,464,000 |
| Income tax | 133,000 | 274,000 | 405,000 | 511,000 |
| Net income | 1,831,000 | 3,789,000 | 5,570,000 | 6,953,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,612,000 | 40,441,000 | 42,050,000 | 43,952,000 |
| Total capital | 41,683,000 | 44,947,000 | 46,667,000 | 48,499,000 |
| Risk-weighted assets | 415,708,000 | 447,638,000 | 464,517,000 | 481,429,000 |