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 | 81,821,000 | 86,960,000 | 85,806,000 | 88,779,000 |
| Total loans | 66,931,000 | 68,325,000 | 70,799,000 | 70,458,000 |
| Allowance for loan losses | 842,000 | 828,000 | 885,000 | 898,000 |
| Securities available for sale | 3,718,000 | 3,439,000 | 1,983,000 | 4,017,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,764,000 | 67,883,000 | 66,793,000 | 69,716,000 |
| Interest-bearing deposits | 53,825,000 | 60,148,000 | 60,045,000 | 62,315,000 |
| Noninterest-bearing deposits | 8,939,000 | 7,735,000 | 6,748,000 | 7,401,000 |
| Equity capital | 11,820,000 | 11,847,000 | 11,797,000 | 11,700,000 |
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 | 1,351,000 | 2,626,000 | 3,877,000 | 5,104,000 |
| Interest expense | 667,000 | 1,227,000 | 1,818,000 | 2,442,000 |
| Net interest income | 684,000 | 1,399,000 | 2,059,000 | 2,662,000 |
| Noninterest income | 11,000 | 22,000 | 33,000 | 47,000 |
| Noninterest expense | 717,000 | 1,407,000 | 2,132,000 | 2,929,000 |
| Provision for loan losses | 162,000 | 148,000 | 205,000 | 218,000 |
| Pretax income | -167,000 | -117,000 | -226,000 | -419,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -167,000 | -117,000 | -226,000 | -419,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,776,000 | 11,854,000 | 11,774,000 | 11,610,000 |
| Total capital | 12,661,000 | 12,720,000 | 12,680,000 | 12,524,000 |
| Risk-weighted assets | 71,462,000 | 72,904,000 | 73,965,000 | 75,127,000 |
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