Call reports 2017
CHOICEONE BANK — 2017
What CHOICEONE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 614,208,000 | 625,954,000 | 638,318,000 | 642,816,000 |
| Total loans | 379,107,000 | 385,601,000 | 409,762,000 | 407,307,000 |
| Allowance for loan losses | 4,325,000 | 4,097,000 | 4,216,000 | 4,577,000 |
| Securities available for sale | 176,782,000 | 176,860,000 | 169,704,000 | 151,984,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 509,242,000 | 525,410,000 | 527,004,000 | 541,102,000 |
| Interest-bearing deposits | 380,422,000 | 390,388,000 | 389,296,000 | 388,391,000 |
| Noninterest-bearing deposits | 128,820,000 | 135,022,000 | 137,708,000 | 152,711,000 |
| Equity capital | 68,909,000 | 70,882,000 | 71,509,000 | 71,570,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 5,144,000 | 10,557,000 | 16,167,000 | 21,986,000 |
| Interest expense | 306,000 | 653,000 | 1,039,000 | 1,479,000 |
| Net interest income | 4,838,000 | 9,904,000 | 15,128,000 | 20,507,000 |
| Noninterest income | 1,666,000 | 3,547,000 | 5,481,000 | 8,092,000 |
| Noninterest expense | 4,629,000 | 9,364,000 | 14,133,000 | 19,210,000 |
| Provision for loan losses | 0 | 25,000 | 120,000 | 485,000 |
| Pretax income | 1,940,000 | 4,187,000 | 6,532,000 | 8,623,000 |
| Income tax | 482,000 | 1,076,000 | 1,698,000 | 2,460,000 |
| Net income | 1,458,000 | 3,111,000 | 4,834,000 | 6,163,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,324,000 | 56,251,000 | 57,256,000 | 57,822,000 |
| Total capital | 59,644,000 | 60,343,000 | 61,468,000 | 62,393,000 |
| Risk-weighted assets | 457,336,000 | 470,919,000 | 485,226,000 | 481,822,000 |