Call reports 2002
FIRST OPTION BANK — 2002
What FIRST OPTION BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 98,295,000 | 99,872,000 | 100,656,000 | 103,527,000 |
| Total loans | 70,124,000 | 75,144,000 | 74,967,000 | 79,415,000 |
| Allowance for loan losses | 801,000 | 844,000 | 879,000 | 941,000 |
| Securities available for sale | 18,892,000 | 17,452,000 | 19,385,000 | 18,437,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,460,000 | 87,963,000 | 89,280,000 | 89,308,000 |
| Interest-bearing deposits | 78,011,000 | 79,161,000 | 80,692,000 | 81,903,000 |
| Noninterest-bearing deposits | 7,450,000 | 8,802,000 | 8,588,000 | 7,405,000 |
| Equity capital | 6,998,000 | 7,231,000 | 7,576,000 | 7,781,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,608,000 | 3,234,000 | 4,833,000 | 6,442,000 |
| Interest expense | 557,000 | 1,108,000 | 1,637,000 | 2,127,000 |
| Net interest income | 1,051,000 | 2,126,000 | 3,196,000 | 4,315,000 |
| Noninterest income | 303,000 | 606,000 | 890,000 | 1,212,000 |
| Noninterest expense | 912,000 | 1,831,000 | 2,811,000 | 3,772,000 |
| Provision for loan losses | 30,000 | 150,000 | 270,000 | 390,000 |
| Pretax income | 414,000 | 753,000 | 1,034,000 | 1,394,000 |
| Income tax | 17,000 | 31,000 | 42,000 | 57,000 |
| Net income | 397,000 | 722,000 | 992,000 | 1,337,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,943,000 | 7,019,000 | 7,133,000 | 7,396,000 |
| Total capital | 7,730,000 | 7,849,000 | 7,964,000 | 8,255,000 |
| Risk-weighted assets | 62,935,000 | 66,363,000 | 66,461,000 | 68,664,000 |