Call reports 2007
FIRST CHOICE BANK — 2007
What FIRST CHOICE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 61,551,000 | 74,494,000 | 81,206,000 | 84,652,000 |
| Total loans | 40,378,000 | 52,275,000 | 60,550,000 | 63,351,000 |
| Allowance for loan losses | 463,000 | 580,000 | 673,000 | 722,000 |
| Securities available for sale | 0 | 0 | 1,948,000 | 3,811,000 |
| Securities held to maturity | 3,449,000 | 3,415,000 | 1,891,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,715,000 | 63,754,000 | 70,476,000 | 69,875,000 |
| Interest-bearing deposits | 46,493,000 | 56,670,000 | 64,896,000 | 60,121,000 |
| Noninterest-bearing deposits | 4,222,000 | 7,084,000 | 5,580,000 | 9,754,000 |
| Equity capital | 10,669,000 | 10,551,000 | 10,517,000 | 10,536,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,130,000 | 2,343,000 | 3,776,000 | 5,206,000 |
| Interest expense | 573,000 | 1,173,000 | 1,889,000 | 2,603,000 |
| Net interest income | 557,000 | 1,170,000 | 1,887,000 | 2,603,000 |
| Noninterest income | 3,000 | 12,000 | 40,000 | 49,000 |
| Noninterest expense | 594,000 | 1,239,000 | 1,948,000 | 2,649,000 |
| Provision for loan losses | 52,000 | 169,000 | 262,000 | 311,000 |
| Pretax income | -86,000 | -226,000 | -283,000 | -308,000 |
| Income tax | 0 | 1,000 | 1,000 | 0 |
| Net income | -86,000 | -227,000 | -284,000 | -308,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,669,000 | 10,551,000 | 10,517,000 | 10,505,000 |
| Total capital | 11,163,000 | 11,171,000 | 11,237,000 | 11,275,000 |
| Risk-weighted assets | 45,962,000 | 59,976,000 | 69,316,000 | 70,356,000 |
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