Call reports 2020
CHOICEONE BANK — 2020
What CHOICEONE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 696,162,000 | 1,538,158,000 | 1,573,359,000 | 1,921,293,000 |
| Total loans | 457,918,000 | 968,747,000 | 1,001,478,000 | 1,117,799,000 |
| Allowance for loan losses | 4,565,000 | 5,750,000 | 6,685,000 | 7,593,000 |
| Securities available for sale | 164,220,000 | 372,525,000 | 392,389,000 | 574,799,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 585,509,000 | 1,332,219,000 | 1,364,602,000 | 1,686,550,000 |
| Interest-bearing deposits | 426,086,000 | 932,221,000 | 966,955,000 | 1,196,924,000 |
| Noninterest-bearing deposits | 159,423,000 | 399,998,000 | 397,647,000 | 489,626,000 |
| Equity capital | 83,723,000 | 197,895,000 | 201,870,000 | 228,894,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 6,334,000 | 25,516,000 | 38,721,000 | 55,702,000 |
| Interest expense | 871,000 | 2,507,000 | 3,311,000 | 4,405,000 |
| Net interest income | 5,463,000 | 23,009,000 | 35,410,000 | 51,297,000 |
| Noninterest income | 2,552,000 | 9,287,000 | 15,431,000 | 21,543,000 |
| Noninterest expense | 5,672,000 | 21,763,000 | 33,004,000 | 48,373,000 |
| Provision for loan losses | 550,000 | 1,775,000 | 3,000,000 | 4,000,000 |
| Pretax income | 1,730,000 | 10,075,000 | 16,119,000 | 21,749,000 |
| Income tax | 219,000 | 1,710,000 | 2,714,000 | 3,702,000 |
| Net income | 1,511,000 | 8,365,000 | 13,405,000 | 18,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,987,000 | 133,078,000 | 135,705,000 | 152,091,000 |
| Total capital | 70,550,000 | 138,828,000 | 142,390,000 | 159,684,000 |
| Risk-weighted assets | 542,312,000 | 954,614,000 | 1,042,565,000 | 1,233,532,000 |