Call reports 2022
CHOICE FINANCIAL GROUP — 2022
What CHOICE FINANCIAL GROUP reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 3,138,605,000 | 3,098,619,000 | 3,355,872,000 | 4,229,093,000 |
| Total loans | 2,460,916,000 | 2,607,930,000 | 2,726,466,000 | 2,867,148,000 |
| Allowance for loan losses | 24,401,000 | 25,051,000 | 25,602,000 | 26,112,000 |
| Securities available for sale | 200,793,000 | 271,273,000 | 408,044,000 | 927,100,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 305,000 | 352,000 | 154,000 | 153,000 |
| Total deposits | 2,756,580,000 | 2,681,779,000 | 2,955,778,000 | 3,812,881,000 |
| Interest-bearing deposits | 1,920,787,000 | 1,827,835,000 | 2,029,477,000 | 2,812,921,000 |
| Noninterest-bearing deposits | 835,793,000 | 853,943,000 | 926,301,000 | 999,959,000 |
| Equity capital | 365,694,000 | 365,504,000 | 371,469,000 | 396,153,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 28,589,000 | 59,157,000 | 94,902,000 | 141,006,000 |
| Interest expense | 1,212,000 | 2,437,000 | 5,681,000 | 17,003,000 |
| Net interest income | 27,377,000 | 56,720,000 | 89,221,000 | 124,003,000 |
| Noninterest income | 14,566,000 | 22,032,000 | 29,329,000 | 41,565,000 |
| Noninterest expense | 19,800,000 | 38,295,000 | 58,110,000 | 79,907,000 |
| Provision for loan losses | 525,000 | 1,050,000 | 1,400,000 | 1,911,000 |
| Pretax income | 21,610,000 | 39,251,000 | 58,881,000 | 83,651,000 |
| Income tax | 5,342,000 | 10,049,000 | 14,530,000 | 21,162,000 |
| Net income | 16,268,000 | 29,202,000 | 44,351,000 | 62,489,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 308,473,000 | 318,740,000 | 331,475,000 | 362,304,000 |