Call reports 2021
CHOICEONE BANK — 2021
What CHOICEONE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 2,067,213,000 | 2,118,394,000 | 2,274,615,000 | 2,363,747,000 |
| Total loans | 1,061,131,000 | 1,017,471,000 | 1,034,591,000 | 1,068,831,000 |
| Allowance for loan losses | 7,740,000 | 7,950,000 | 7,755,000 | 7,688,000 |
| Securities available for sale | 722,940,000 | 855,566,000 | 1,028,125,000 | 1,098,884,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,844,023,000 | 1,882,256,000 | 2,033,834,000 | 2,069,915,000 |
| Interest-bearing deposits | 1,324,412,000 | 1,352,771,000 | 1,468,985,000 | 1,491,363,000 |
| Noninterest-bearing deposits | 519,611,000 | 529,485,000 | 564,849,000 | 578,552,000 |
| Equity capital | 218,043,000 | 229,757,000 | 235,791,000 | 236,463,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 15,649,000 | 31,068,000 | 47,790,000 | 64,608,000 |
| Interest expense | 881,000 | 1,722,000 | 2,577,000 | 3,332,000 |
| Net interest income | 14,768,000 | 29,346,000 | 45,213,000 | 61,276,000 |
| Noninterest income | 4,992,000 | 9,835,000 | 14,583,000 | 18,751,000 |
| Noninterest expense | 12,428,000 | 25,469,000 | 38,946,000 | 52,703,000 |
| Provision for loan losses | 250,000 | 416,000 | 416,000 | 416,000 |
| Pretax income | 7,083,000 | 13,299,000 | 20,409,000 | 26,793,000 |
| Income tax | 1,181,000 | 2,141,000 | 3,347,000 | 4,519,000 |
| Net income | 5,902,000 | 11,158,000 | 17,062,000 | 22,274,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 155,502,000 | 158,355,000 | 169,340,000 | 174,587,000 |
| Total capital | 163,242,000 | 166,305,000 | 177,095,000 | 182,275,000 |
| Risk-weighted assets | 1,242,880,000 | 1,212,268,000 | 1,321,455,000 | 1,418,056,000 |