Call reports 2010
FIRST OPTION BANK — 2010
What FIRST OPTION BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 179,454,000 | 184,871,000 | 185,567,000 | 201,647,000 |
| Total loans | 109,811,000 | 108,653,000 | 109,492,000 | 109,741,000 |
| Allowance for loan losses | 1,153,000 | 1,196,000 | 1,172,000 | 1,156,000 |
| Securities available for sale | 52,377,000 | 59,316,000 | 65,118,000 | 71,070,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 160,371,000 | 165,015,000 | 164,481,000 | 183,154,000 |
| Interest-bearing deposits | 132,825,000 | 138,352,000 | 137,588,000 | 157,146,000 |
| Noninterest-bearing deposits | 27,546,000 | 26,662,000 | 26,893,000 | 26,008,000 |
| Equity capital | 14,496,000 | 15,926,000 | 17,197,000 | 15,580,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,222,000 | 4,460,000 | 6,721,000 | 8,937,000 |
| Interest expense | 545,000 | 1,011,000 | 1,450,000 | 1,898,000 |
| Net interest income | 1,677,000 | 3,449,000 | 5,271,000 | 7,039,000 |
| Noninterest income | 614,000 | 1,251,000 | 1,955,000 | 2,526,000 |
| Noninterest expense | 1,544,000 | 3,107,000 | 4,802,000 | 6,471,000 |
| Provision for loan losses | 30,000 | 120,000 | 150,000 | 1,110,000 |
| Pretax income | 717,000 | 1,473,000 | 2,301,000 | 2,031,000 |
| Income tax | 29,000 | 59,000 | 93,000 | -13,000 |
| Net income | 688,000 | 1,414,000 | 2,208,000 | 2,044,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,342,000 | 14,345,000 | 14,846,000 | 14,519,000 |
| Total capital | 14,495,000 | 15,541,000 | 16,018,000 | 15,675,000 |
| Risk-weighted assets | 96,380,000 | 96,180,000 | 95,327,000 | 97,624,000 |