Call reports 2008
FIRST CHOICE BANK — 2008
What FIRST CHOICE 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 | 75,835,000 | 83,248,000 | 97,982,000 | 135,687,000 |
| Total loans | 54,820,000 | 68,311,000 | 86,702,000 | 119,114,000 |
| Allowance for loan losses | 494,000 | 660,000 | 880,000 | 1,135,000 |
| Securities available for sale | 9,274,000 | 6,897,000 | 6,734,000 | 7,773,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,770,000 | 71,159,000 | 77,472,000 | 115,600,000 |
| Interest-bearing deposits | 58,409,000 | 64,211,000 | 69,242,000 | 107,143,000 |
| Noninterest-bearing deposits | 5,361,000 | 6,948,000 | 8,230,000 | 8,457,000 |
| Equity capital | 10,183,000 | 11,394,000 | 18,717,000 | 18,864,000 |
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 | 968,000 | 2,170,000 | 3,605,000 | 5,290,000 |
| Interest expense | 494,000 | 1,095,000 | 1,706,000 | 2,504,000 |
| Net interest income | 474,000 | 1,075,000 | 1,899,000 | 2,786,000 |
| Noninterest income | 67,000 | 115,000 | 150,000 | 200,000 |
| Noninterest expense | 609,000 | 1,287,000 | 1,968,000 | 2,759,000 |
| Provision for loan losses | 129,000 | 295,000 | 565,000 | 820,000 |
| Pretax income | -197,000 | -392,000 | -484,000 | -593,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -197,000 | -392,000 | -484,000 | -593,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,175,000 | 11,576,000 | 18,767,000 | 18,691,000 |
| Total capital | 10,669,000 | 12,236,000 | 19,647,000 | 19,826,000 |
| Risk-weighted assets | 58,517,000 | 70,794,000 | 87,888,000 | 107,896,000 |
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