Call reports 2023
CHOICE FINANCIAL GROUP — 2023
What CHOICE FINANCIAL GROUP reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 4,920,045,000 | 5,049,525,000 | 5,035,683,000 | 4,973,249,000 |
| Total loans | 2,826,332,000 | 2,998,673,000 | 3,082,288,000 | 3,123,044,000 |
| Allowance for loan losses | 31,082,000 | 31,198,000 | 32,620,000 | 38,583,000 |
| Securities available for sale | 1,138,721,000 | 1,332,275,000 | 1,316,659,000 | 1,303,245,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 186,000 | 182,000 | 175,000 | 65,000 |
| Total deposits | 4,450,304,000 | 4,547,756,000 | 4,522,854,000 | 4,429,795,000 |
| Interest-bearing deposits | 3,485,976,000 | 3,722,554,000 | 3,778,423,000 | 3,678,215,000 |
| Noninterest-bearing deposits | 964,328,000 | 825,202,000 | 744,431,000 | 751,580,000 |
| Equity capital | 444,301,000 | 481,755,000 | 488,626,000 | 505,108,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 55,854,000 | 122,656,000 | 195,940,000 | 268,790,000 |
| Interest expense | 20,842,000 | 52,083,000 | 89,187,000 | 126,324,000 |
| Net interest income | 35,012,000 | 70,573,000 | 106,753,000 | 142,466,000 |
| Noninterest income | 13,005,000 | 24,260,000 | 35,123,000 | 46,229,000 |
| Noninterest expense | 21,373,000 | 45,186,000 | 71,642,000 | 98,717,000 |
| Provision for loan losses | 1,056,000 | 1,099,000 | 1,940,000 | 8,575,000 |
| Pretax income | 25,356,000 | 48,592,000 | 68,444,000 | 82,106,000 |
| Income tax | 7,399,000 | 13,437,000 | 18,872,000 | 20,258,000 |
| Net income | 17,957,000 | 35,155,000 | 49,572,000 | 61,848,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 405,795,000 | 448,682,000 | 458,658,000 | 466,072,000 |