Call reports 2022
CHOICEONE BANK — 2022
What CHOICEONE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 2,373,958,000 | 2,357,558,000 | 2,360,805,000 | 2,382,585,000 |
| Total loans | 1,040,855,000 | 1,129,438,000 | 1,141,318,000 | 1,194,616,000 |
| Allowance for loan losses | 7,601,000 | 7,416,000 | 7,457,000 | 7,619,000 |
| Securities available for sale | 641,049,000 | 566,142,000 | 530,093,000 | 529,749,000 |
| Securities held to maturity | 429,918,000 | 429,675,000 | 428,205,000 | 425,906,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,159,899,000 | 2,150,826,000 | 2,167,598,000 | 2,126,308,000 |
| Interest-bearing deposits | 1,579,944,000 | 1,559,576,000 | 1,557,294,000 | 1,518,424,000 |
| Noninterest-bearing deposits | 579,955,000 | 591,250,000 | 610,304,000 | 607,884,000 |
| Equity capital | 208,638,000 | 186,026,000 | 178,374,000 | 192,540,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 17,467,000 | 35,133,000 | 54,414,000 | 75,033,000 |
| Interest expense | 788,000 | 1,805,000 | 3,378,000 | 6,255,000 |
| Net interest income | 16,679,000 | 33,328,000 | 51,036,000 | 68,778,000 |
| Noninterest income | 4,202,000 | 8,385,000 | 12,133,000 | 15,833,000 |
| Noninterest expense | 13,634,000 | 26,716,000 | 40,077,000 | 53,263,000 |
| Provision for loan losses | 0 | 0 | 100,000 | 250,000 |
| Pretax income | 7,018,000 | 14,182,000 | 21,608,000 | 29,719,000 |
| Income tax | 1,063,000 | 2,136,000 | 3,309,000 | 4,451,000 |
| Net income | 5,955,000 | 12,046,000 | 18,299,000 | 25,268,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 180,850,000 | 187,270,000 | 194,043,000 | 201,077,000 |
| Total capital | 188,451,000 | 194,686,000 | 201,500,000 | 208,696,000 |
| Risk-weighted assets | 1,418,302,000 | 1,530,493,000 | 1,575,885,000 | 1,603,672,000 |