Call reports 2023
CHOICEONE BANK — 2023
What CHOICEONE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,406,337,000 | 2,480,027,000 | 2,571,301,000 | 2,574,432,000 |
| Total loans | 1,214,185,000 | 1,273,153,000 | 1,315,022,000 | 1,415,364,000 |
| Allowance for loan losses | 15,065,000 | 14,582,000 | 14,872,000 | 15,685,000 |
| Securities available for sale | 535,347,000 | 521,202,000 | 490,804,000 | 514,598,000 |
| Securities held to maturity | 422,876,000 | 420,549,000 | 414,743,000 | 407,959,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,114,640,000 | 2,096,414,000 | 2,144,360,000 | 2,134,035,000 |
| Interest-bearing deposits | 1,551,202,000 | 1,541,463,000 | 1,601,233,000 | 1,574,430,000 |
| Noninterest-bearing deposits | 563,438,000 | 554,951,000 | 543,127,000 | 559,605,000 |
| Equity capital | 191,511,000 | 201,295,000 | 202,647,000 | 216,975,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 21,389,000 | 44,702,000 | 70,992,000 | 98,947,000 |
| Interest expense | 3,983,000 | 10,802,000 | 20,468,000 | 31,459,000 |
| Net interest income | 17,406,000 | 33,900,000 | 50,524,000 | 67,488,000 |
| Noninterest income | 3,569,000 | 7,400,000 | 11,269,000 | 15,064,000 |
| Noninterest expense | 13,891,000 | 27,372,000 | 41,003,000 | 54,650,000 |
| Provision for loan losses | 309,000 | -106,000 | 332,000 | 1,265,000 |
| Pretax income | 7,129,000 | 14,153,000 | 20,879,000 | 27,813,000 |
| Income tax | 1,128,000 | 2,330,000 | 3,520,000 | 4,778,000 |
| Net income | 6,001,000 | 11,823,000 | 17,359,000 | 23,035,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 202,416,000 | 205,497,000 | 208,644,000 | 212,283,000 |
| Total capital | 211,447,000 | 214,046,000 | 220,200,000 | 224,095,000 |
| Risk-weighted assets | 1,620,494,000 | 1,688,051,000 | 1,736,281,000 | 1,803,424,000 |