Call reports 2024
CHOICEONE BANK — 2024
What CHOICEONE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,668,315,000 | 2,620,764,000 | 2,724,240,000 | 2,720,381,000 |
| Total loans | 1,424,625,000 | 1,443,473,000 | 1,509,944,000 | 1,552,929,000 |
| Allowance for loan losses | 16,037,000 | 16,152,000 | 16,490,000 | 16,552,000 |
| Securities available for sale | 504,634,000 | 491,671,000 | 497,552,000 | 479,117,000 |
| Securities held to maturity | 397,981,000 | 392,698,000 | 391,954,000 | 394,534,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,198,207,000 | 2,131,382,000 | 2,245,330,000 | 2,251,832,000 |
| Interest-bearing deposits | 1,683,163,000 | 1,609,542,000 | 1,687,173,000 | 1,689,158,000 |
| Noninterest-bearing deposits | 515,044,000 | 521,840,000 | 558,157,000 | 562,674,000 |
| Equity capital | 227,331,000 | 243,268,000 | 244,543,000 | 256,165,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 28,408,000 | 58,349,000 | 90,035,000 | 121,057,000 |
| Interest expense | 11,546,000 | 22,707,000 | 33,736,000 | 45,019,000 |
| Net interest income | 16,862,000 | 35,642,000 | 56,299,000 | 76,038,000 |
| Noninterest income | 3,974,000 | 8,087,000 | 12,633,000 | 17,630,000 |
| Noninterest expense | 13,535,000 | 27,680,000 | 42,367,000 | 57,301,000 |
| Provision for loan losses | 403,000 | 675,000 | 1,100,000 | 1,300,000 |
| Pretax income | 7,254,000 | 15,984,000 | 26,233,000 | 35,700,000 |
| Income tax | 1,297,000 | 3,005,000 | 5,014,000 | 6,736,000 |
| Net income | 5,957,000 | 12,979,000 | 21,219,000 | 28,964,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 213,575,000 | 226,752,000 | 232,370,000 | 236,479,000 |
| Total capital | 227,346,000 | 240,366,000 | 246,322,000 | 250,494,000 |
| Risk-weighted assets | 1,805,508,000 | 1,814,689,000 | 1,886,107,000 | 1,977,457,000 |