Call reports 2008
FIRST CHOICE COMMUNITY BANK — 2008
What FIRST CHOICE COMMUNITY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 84,305,000 | 92,173,000 | 104,200,000 | 106,625,000 |
| Total loans | 66,421,000 | 73,215,000 | 86,184,000 | 89,656,000 |
| Allowance for loan losses | 803,000 | 908,000 | 1,073,000 | 1,208,000 |
| Securities available for sale | 407,000 | 1,318,000 | 1,319,000 | 3,638,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,750,000 | 69,849,000 | 81,812,000 | 84,513,000 |
| Interest-bearing deposits | 59,748,000 | 64,899,000 | 75,942,000 | 80,622,000 |
| Noninterest-bearing deposits | 6,002,000 | 4,950,000 | 5,870,000 | 3,892,000 |
| Equity capital | 17,818,000 | 17,725,000 | 17,711,000 | 17,540,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,206,000 | 2,431,000 | 3,781,000 | 5,061,000 |
| Interest expense | 586,000 | 1,185,000 | 1,831,000 | 2,555,000 |
| Net interest income | 620,000 | 1,246,000 | 1,950,000 | 2,506,000 |
| Noninterest income | 29,000 | 53,000 | 97,000 | 134,000 |
| Noninterest expense | 645,000 | 1,318,000 | 1,935,000 | 2,550,000 |
| Provision for loan losses | 95,000 | 200,000 | 365,000 | 739,000 |
| Pretax income | -91,000 | -219,000 | -253,000 | -631,000 |
| Income tax | -34,000 | -81,000 | -92,000 | -278,000 |
| Net income | -57,000 | -138,000 | -161,000 | -353,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,050,000 | 16,989,000 | 16,989,000 | 16,819,000 |
| Total capital | 17,853,000 | 17,897,000 | 18,062,000 | 18,027,000 |
| Risk-weighted assets | 81,051,000 | 88,271,000 | 100,402,000 | 101,766,000 |