Call reports 2014
FIRST OPTION BANK — 2014
What FIRST OPTION BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 252,118,000 | 265,092,000 | 269,554,000 | 285,969,000 |
| Total loans | 114,060,000 | 112,567,000 | 114,630,000 | 113,716,000 |
| Allowance for loan losses | 1,740,000 | 1,744,000 | 1,407,000 | 1,590,000 |
| Securities available for sale | 122,406,000 | 131,408,000 | 140,524,000 | 135,715,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 230,201,000 | 241,817,000 | 227,317,000 | 260,704,000 |
| Interest-bearing deposits | 187,920,000 | 199,651,000 | 178,594,000 | 213,784,000 |
| Noninterest-bearing deposits | 42,281,000 | 42,166,000 | 48,723,000 | 46,921,000 |
| Equity capital | 20,317,000 | 21,651,000 | 22,309,000 | 24,341,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,142,000 | 4,343,000 | 6,604,000 | 8,837,000 |
| Interest expense | 302,000 | 600,000 | 889,000 | 1,153,000 |
| Net interest income | 1,840,000 | 3,743,000 | 5,715,000 | 7,684,000 |
| Noninterest income | 819,000 | 1,695,000 | 2,575,000 | 3,420,000 |
| Noninterest expense | 1,667,000 | 3,453,000 | 5,344,000 | 7,209,000 |
| Provision for loan losses | 30,000 | 60,000 | 230,000 | 310,000 |
| Pretax income | 962,000 | 1,918,000 | 2,753,000 | 3,642,000 |
| Income tax | 34,000 | 74,000 | 108,000 | 145,000 |
| Net income | 928,000 | 1,844,000 | 2,645,000 | 3,497,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,768,000 | 21,203,000 | 21,719,000 | 23,026,000 |
| Total capital | 22,065,000 | 22,530,000 | 23,088,000 | 24,388,000 |
| Risk-weighted assets | 103,238,000 | 105,708,000 | 109,457,000 | 108,670,000 |