Call reports 2020
FIRST CHOICE BANK — 2020
What FIRST CHOICE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,775,624,000 | 2,223,430,000 | 2,256,077,000 | 2,285,852,000 |
| Total loans | 1,451,649,000 | 1,851,945,000 | 1,921,404,000 | 1,890,709,000 |
| Allowance for loan losses | 16,218,000 | 17,822,000 | 18,734,000 | 19,167,000 |
| Securities available for sale | 38,924,000 | 36,783,000 | 37,998,000 | 42,027,000 |
| Securities held to maturity | 1,703,000 | 1,691,000 | 1,680,000 | 1,358,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,351,426,000 | 1,605,444,000 | 1,560,534,000 | 1,634,558,000 |
| Interest-bearing deposits | 723,248,000 | 815,227,000 | 823,794,000 | 813,447,000 |
| Noninterest-bearing deposits | 628,178,000 | 790,217,000 | 736,740,000 | 821,111,000 |
| Equity capital | 271,358,000 | 272,702,000 | 275,854,000 | 281,844,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 21,770,000 | 43,630,000 | 66,836,000 | 91,758,000 |
| Interest expense | 2,480,000 | 3,963,000 | 5,352,000 | 6,673,000 |
| Net interest income | 19,290,000 | 39,667,000 | 61,484,000 | 85,085,000 |
| Noninterest income | 1,258,000 | 2,197,000 | 4,006,000 | 8,072,000 |
| Noninterest expense | 11,163,000 | 21,751,000 | 32,853,000 | 44,675,000 |
| Provision for loan losses | 2,700,000 | 4,800,000 | 5,800,000 | 5,900,000 |
| Pretax income | 6,727,000 | 15,367,000 | 26,885,000 | 42,621,000 |
| Income tax | 1,929,000 | 4,500,000 | 7,871,000 | 12,511,000 |
| Net income | 4,798,000 | 10,867,000 | 19,014,000 | 30,110,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 193,439,000 | 194,685,000 | 197,885,000 | 204,019,000 |