Call reports 2004
FIRST OPTION BANK — 2004
What FIRST OPTION BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 121,882,000 | 120,594,000 | 124,570,000 | 126,060,000 |
| Total loans | 91,621,000 | 93,151,000 | 95,423,000 | 98,385,000 |
| Allowance for loan losses | 1,107,000 | 1,131,000 | 1,154,000 | 1,180,000 |
| Securities available for sale | 18,783,000 | 21,759,000 | 21,528,000 | 21,423,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 105,676,000 | 105,993,000 | 107,425,000 | 111,193,000 |
| Interest-bearing deposits | 96,146,000 | 96,228,000 | 96,569,000 | 100,252,000 |
| Noninterest-bearing deposits | 9,530,000 | 9,765,000 | 10,856,000 | 10,941,000 |
| Equity capital | 9,082,000 | 8,527,000 | 9,126,000 | 9,638,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,673,000 | 3,339,000 | 5,073,000 | 6,844,000 |
| Interest expense | 428,000 | 854,000 | 1,299,000 | 1,786,000 |
| Net interest income | 1,245,000 | 2,485,000 | 3,774,000 | 5,058,000 |
| Noninterest income | 302,000 | 671,000 | 1,024,000 | 1,380,000 |
| Noninterest expense | 1,023,000 | 2,123,000 | 3,179,000 | 4,272,000 |
| Provision for loan losses | 20,000 | 50,000 | 80,000 | 110,000 |
| Pretax income | 504,000 | 988,000 | 1,544,000 | 2,059,000 |
| Income tax | 20,000 | 39,000 | 54,000 | 78,000 |
| Net income | 484,000 | 949,000 | 1,490,000 | 1,981,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,724,000 | 8,790,000 | 9,026,000 | 9,630,000 |
| Total capital | 9,690,000 | 9,755,000 | 10,016,000 | 10,650,000 |
| Risk-weighted assets | 77,153,000 | 77,047,000 | 79,075,000 | 81,419,000 |