Call reports 2003
CHOICEONE BANK — 2003
What CHOICEONE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 206,155,000 | 207,172,000 | 208,521,000 | 214,742,000 |
| Total loans | 166,878,000 | 162,236,000 | 163,228,000 | 163,077,000 |
| Allowance for loan losses | 2,094,000 | 2,108,000 | 1,962,000 | 1,974,000 |
| Securities available for sale | 24,948,000 | 31,024,000 | 31,478,000 | 37,942,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 148,025,000 | 148,817,000 | 150,758,000 | 146,304,000 |
| Interest-bearing deposits | 131,430,000 | 130,158,000 | 134,954,000 | 128,976,000 |
| Noninterest-bearing deposits | 16,595,000 | 18,659,000 | 15,804,000 | 17,329,000 |
| Equity capital | 19,560,000 | 20,191,000 | 20,244,000 | 20,505,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 3,239,000 | 6,365,000 | 9,407,000 | 12,329,000 |
| Interest expense | 1,259,000 | 2,415,000 | 3,515,000 | 4,555,000 |
| Net interest income | 1,980,000 | 3,950,000 | 5,892,000 | 7,774,000 |
| Noninterest income | 803,000 | 1,550,000 | 2,288,000 | 3,048,000 |
| Noninterest expense | 1,888,000 | 3,786,000 | 5,652,000 | 7,571,000 |
| Provision for loan losses | 170,000 | 245,000 | 375,000 | 400,000 |
| Pretax income | 725,000 | 1,469,000 | 2,190,000 | 2,889,000 |
| Income tax | 209,000 | 415,000 | 567,000 | 741,000 |
| Net income | 516,000 | 1,054,000 | 1,623,000 | 2,148,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,915,000 | 19,299,000 | 19,652,000 | 19,912,000 |
| Total capital | 20,870,000 | 21,186,000 | 21,574,000 | 21,871,000 |
| Risk-weighted assets | 156,410,000 | 153,363,000 | 155,268,000 | 158,246,000 |
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