Call reports 2008
CHOICEONE BANK — 2008
What CHOICEONE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 463,588,000 | 462,427,000 | 457,900,000 | 460,219,000 |
| Total loans | 323,993,000 | 327,945,000 | 326,375,000 | 326,293,000 |
| Allowance for loan losses | 3,843,000 | 3,710,000 | 4,085,000 | 3,600,000 |
| Securities available for sale | 82,690,000 | 78,588,000 | 78,672,000 | 76,632,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 348,917,000 | 344,284,000 | 337,807,000 | 347,053,000 |
| Interest-bearing deposits | 296,593,000 | 287,881,000 | 286,765,000 | 292,488,000 |
| Noninterest-bearing deposits | 52,324,000 | 56,403,000 | 51,042,000 | 54,565,000 |
| Equity capital | 53,075,000 | 52,363,000 | 52,441,000 | 51,379,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 6,921,000 | 13,498,000 | 20,090,000 | 26,506,000 |
| Interest expense | 3,230,000 | 6,084,000 | 8,699,000 | 11,203,000 |
| Net interest income | 3,691,000 | 7,414,000 | 11,391,000 | 15,303,000 |
| Noninterest income | 1,300,000 | 2,549,000 | 3,655,000 | 4,916,000 |
| Noninterest expense | 3,533,000 | 7,152,000 | 10,843,000 | 14,650,000 |
| Provision for loan losses | 550,000 | 1,000,000 | 1,750,000 | 3,475,000 |
| Pretax income | 924,000 | 1,826,000 | 2,468,000 | 1,244,000 |
| Income tax | 153,000 | 284,000 | 389,000 | -181,000 |
| Net income | 771,000 | 1,542,000 | 2,079,000 | 1,425,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,432,000 | 34,842,000 | 34,782,000 | 33,563,000 |
| Total capital | 38,020,000 | 38,313,000 | 38,631,000 | 36,941,000 |
| Risk-weighted assets | 332,080,000 | 337,029,000 | 335,642,000 | 331,548,000 |