Call reports 2003
FIRST OPTION BANK — 2003
What FIRST OPTION BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 106,444,000 | 112,080,000 | 116,299,000 | 120,588,000 |
| Total loans | 82,278,000 | 86,381,000 | 90,275,000 | 90,960,000 |
| Allowance for loan losses | 960,000 | 994,000 | 1,028,000 | 1,102,000 |
| Securities available for sale | 17,491,000 | 17,624,000 | 18,272,000 | 18,642,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,523,000 | 95,236,000 | 99,990,000 | 104,623,000 |
| Interest-bearing deposits | 81,263,000 | 86,428,000 | 91,510,000 | 92,813,000 |
| Noninterest-bearing deposits | 7,260,000 | 8,808,000 | 8,479,000 | 11,810,000 |
| Equity capital | 7,769,000 | 8,234,000 | 8,540,000 | 8,914,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,640,000 | 3,299,000 | 4,992,000 | 6,649,000 |
| Interest expense | 469,000 | 929,000 | 1,391,000 | 1,826,000 |
| Net interest income | 1,171,000 | 2,370,000 | 3,601,000 | 4,823,000 |
| Noninterest income | 292,000 | 582,000 | 929,000 | 1,227,000 |
| Noninterest expense | 893,000 | 1,880,000 | 2,950,000 | 3,994,000 |
| Provision for loan losses | 37,000 | 75,000 | 113,000 | 112,000 |
| Pretax income | 550,000 | 1,014,000 | 1,484,000 | 1,964,000 |
| Income tax | 22,000 | 20,000 | 39,000 | 59,000 |
| Net income | 528,000 | 994,000 | 1,445,000 | 1,905,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,488,000 | 7,721,000 | 8,493,000 | 8,693,000 |
| Total capital | 8,369,000 | 8,635,000 | 9,441,000 | 9,656,000 |
| Risk-weighted assets | 70,436,000 | 73,035,000 | 75,786,000 | 76,866,000 |