Call reports 2007
FIRST OPTION BANK — 2007
What FIRST OPTION BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 138,799,000 | 138,021,000 | 142,129,000 | 144,795,000 |
| Total loans | 99,254,000 | 99,468,000 | 102,814,000 | 102,581,000 |
| Allowance for loan losses | 817,000 | 842,000 | 860,000 | 835,000 |
| Securities available for sale | 29,816,000 | 29,651,000 | 29,834,000 | 30,342,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 124,884,000 | 120,287,000 | 121,110,000 | 124,403,000 |
| Interest-bearing deposits | 110,055,000 | 105,111,000 | 104,838,000 | 97,509,000 |
| Noninterest-bearing deposits | 14,829,000 | 15,175,000 | 16,272,000 | 26,894,000 |
| Equity capital | 10,175,000 | 10,107,000 | 10,404,000 | 10,533,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,176,000 | 4,374,000 | 6,651,000 | 8,938,000 |
| Interest expense | 955,000 | 1,922,000 | 2,953,000 | 3,997,000 |
| Net interest income | 1,221,000 | 2,452,000 | 3,698,000 | 4,941,000 |
| Noninterest income | 401,000 | 767,000 | 1,211,000 | 1,677,000 |
| Noninterest expense | 1,177,000 | 2,358,000 | 3,717,000 | 5,151,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 430,000 | 831,000 | 1,147,000 | 1,407,000 |
| Income tax | 11,000 | 12,000 | 37,000 | 53,000 |
| Net income | 419,000 | 819,000 | 1,110,000 | 1,354,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,175,000 | 10,534,000 | 10,557,000 | 10,478,000 |
| Total capital | 10,992,000 | 11,376,000 | 11,417,000 | 11,313,000 |
| Risk-weighted assets | 84,012,000 | 86,342,000 | 88,827,000 | 92,073,000 |