Call reports 2020
CHOICE FINANCIAL GROUP — 2020
What CHOICE FINANCIAL GROUP reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,429,397,000 | 2,741,077,000 | 2,724,653,000 | 2,825,624,000 |
| Total loans | 2,042,078,000 | 2,364,411,000 | 2,393,055,000 | 2,307,516,000 |
| Allowance for loan losses | 17,844,000 | 18,839,000 | 22,337,000 | 20,240,000 |
| Securities available for sale | 86,786,000 | 84,334,000 | 81,729,000 | 86,722,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 339,000 |
| Total deposits | 2,072,974,000 | 2,366,586,000 | 2,347,223,000 | 2,439,018,000 |
| Interest-bearing deposits | 1,661,151,000 | 1,736,533,000 | 1,738,047,000 | 1,825,602,000 |
| Noninterest-bearing deposits | 411,823,000 | 630,054,000 | 609,176,000 | 613,415,000 |
| Equity capital | 293,372,000 | 305,080,000 | 312,571,000 | 325,667,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 28,605,000 | 57,437,000 | 86,676,000 | 117,312,000 |
| Interest expense | 6,074,000 | 9,401,000 | 12,469,000 | 15,126,000 |
| Net interest income | 22,531,000 | 48,036,000 | 74,207,000 | 102,186,000 |
| Noninterest income | 5,513,000 | 11,925,000 | 18,761,000 | 26,940,000 |
| Noninterest expense | 14,186,000 | 28,894,000 | 43,594,000 | 59,521,000 |
| Provision for loan losses | 1,019,000 | 2,038,000 | 6,057,000 | 6,934,000 |
| Pretax income | 13,037,000 | 29,227,000 | 43,515,000 | 63,077,000 |
| Income tax | 3,468,000 | 7,126,000 | 11,146,000 | 15,195,000 |
| Net income | 9,569,000 | 22,101,000 | 32,369,000 | 47,882,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 226,036,000 | 236,230,000 | 244,356,000 | 257,823,000 |