Call reports 2010
CHOICEONE BANK — 2010
What CHOICEONE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 457,962,000 | 454,514,000 | 479,312,000 | 478,183,000 |
| Total loans | 316,689,000 | 311,896,000 | 315,451,000 | 318,551,000 |
| Allowance for loan losses | 4,687,000 | 4,857,000 | 4,841,000 | 4,729,000 |
| Securities available for sale | 78,232,000 | 82,145,000 | 90,131,000 | 90,613,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 366,544,000 | 363,663,000 | 386,702,000 | 390,085,000 |
| Interest-bearing deposits | 305,761,000 | 302,110,000 | 321,889,000 | 322,953,000 |
| Noninterest-bearing deposits | 60,783,000 | 61,553,000 | 64,812,000 | 67,132,000 |
| Equity capital | 53,082,000 | 53,521,000 | 54,544,000 | 53,899,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 5,436,000 | 10,928,000 | 16,432,000 | 21,955,000 |
| Interest expense | 1,379,000 | 2,662,000 | 3,880,000 | 4,967,000 |
| Net interest income | 4,057,000 | 8,266,000 | 12,552,000 | 16,988,000 |
| Noninterest income | 1,117,000 | 2,441,000 | 3,816,000 | 5,126,000 |
| Noninterest expense | 3,675,000 | 7,378,000 | 11,293,000 | 15,181,000 |
| Provision for loan losses | 1,050,000 | 2,050,000 | 2,950,000 | 3,950,000 |
| Pretax income | 838,000 | 1,676,000 | 2,613,000 | 3,426,000 |
| Income tax | 175,000 | 338,000 | 530,000 | 677,000 |
| Net income | 663,000 | 1,338,000 | 2,083,000 | 2,749,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,454,000 | 35,878,000 | 36,321,000 | 36,654,000 |
| Total capital | 39,318,000 | 39,722,000 | 40,259,000 | 40,588,000 |
| Risk-weighted assets | 327,425,000 | 325,505,000 | 333,847,000 | 334,834,000 |