Call reports 2016
FIRST OPTION BANK — 2016
What FIRST OPTION BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 290,477,000 | 289,330,000 | 289,380,000 | 300,185,000 |
| Total loans | 119,787,000 | 124,282,000 | 126,422,000 | 128,698,000 |
| Allowance for loan losses | 1,669,000 | 1,450,000 | 1,485,000 | 1,582,000 |
| Securities available for sale | 157,979,000 | 152,238,000 | 149,515,000 | 147,386,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 262,595,000 | 257,034,000 | 247,631,000 | 274,822,000 |
| Interest-bearing deposits | 208,862,000 | 204,731,000 | 186,829,000 | 211,987,000 |
| Noninterest-bearing deposits | 53,733,000 | 52,303,000 | 60,802,000 | 62,835,000 |
| Equity capital | 26,102,000 | 28,093,000 | 27,695,000 | 24,336,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,288,000 | 4,609,000 | 6,928,000 | 9,268,000 |
| Interest expense | 246,000 | 480,000 | 709,000 | 941,000 |
| Net interest income | 2,042,000 | 4,129,000 | 6,219,000 | 8,327,000 |
| Noninterest income | 945,000 | 1,832,000 | 2,741,000 | 3,647,000 |
| Noninterest expense | 1,998,000 | 3,963,000 | 5,955,000 | 7,972,000 |
| Provision for loan losses | 0 | 0 | 30,000 | 60,000 |
| Pretax income | 1,002,000 | 2,044,000 | 3,057,000 | 4,024,000 |
| Income tax | 40,000 | 81,000 | 122,000 | 160,000 |
| Net income | 962,000 | 1,963,000 | 2,935,000 | 3,864,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,265,000 | 24,639,000 | 25,093,000 | 25,338,000 |
| Total capital | 25,782,000 | 26,089,000 | 26,578,000 | 26,920,000 |
| Risk-weighted assets | 121,252,000 | 122,481,000 | 124,635,000 | 129,554,000 |