Call reports 2024
CHOICE FINANCIAL GROUP — 2024
What CHOICE FINANCIAL GROUP reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 4,803,588,000 | 4,935,807,000 | 5,271,199,000 | 5,402,301,000 |
| Total loans | 3,084,629,000 | 3,153,721,000 | 3,178,348,000 | 3,175,667,000 |
| Allowance for loan losses | 39,202,000 | 38,254,000 | 42,466,000 | 37,435,000 |
| Securities available for sale | 1,008,829,000 | 1,097,942,000 | 1,226,320,000 | 1,572,021,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 60,000 | 48,000 | 45,000 | 42,000 |
| Total deposits | 4,243,378,000 | 4,366,586,000 | 4,609,780,000 | 4,709,973,000 |
| Interest-bearing deposits | 3,538,660,000 | 3,659,671,000 | 3,811,429,000 | 3,986,937,000 |
| Noninterest-bearing deposits | 704,718,000 | 706,915,000 | 798,351,000 | 723,036,000 |
| Equity capital | 523,086,000 | 534,797,000 | 597,747,000 | 592,936,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 70,163,000 | 139,152,000 | 210,663,000 | 283,586,000 |
| Interest expense | 36,292,000 | 71,755,000 | 109,113,000 | 144,464,000 |
| Net interest income | 33,871,000 | 67,397,000 | 101,550,000 | 139,122,000 |
| Noninterest income | 16,517,000 | 28,854,000 | 108,476,000 | 119,179,000 |
| Noninterest expense | 23,870,000 | 51,956,000 | 85,737,000 | 115,468,000 |
| Provision for loan losses | 625,000 | 2,263,000 | 6,881,000 | 7,802,000 |
| Pretax income | 26,054,000 | 42,230,000 | 117,394,000 | 134,984,000 |
| Income tax | 6,660,000 | 10,767,000 | 30,476,000 | 35,435,000 |
| Net income | 19,394,000 | 31,463,000 | 86,918,000 | 99,549,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 484,896,000 | 497,058,000 | 551,929,000 | 557,314,000 |