Call reports 2017
FIRST OPTION BANK — 2017
What FIRST OPTION BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 301,775,000 | 314,563,000 | 307,809,000 | 329,158,000 |
| Total loans | 126,621,000 | 127,690,000 | 124,965,000 | 126,546,000 |
| Allowance for loan losses | 1,616,000 | 1,647,000 | 1,678,000 | 1,679,000 |
| Securities available for sale | 158,172,000 | 161,472,000 | 166,514,000 | 174,876,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 275,988,000 | 286,472,000 | 271,696,000 | 301,814,000 |
| Interest-bearing deposits | 207,261,000 | 217,358,000 | 204,868,000 | 232,354,000 |
| Noninterest-bearing deposits | 68,727,000 | 69,115,000 | 66,828,000 | 69,461,000 |
| Equity capital | 24,620,000 | 26,635,000 | 26,664,000 | 26,177,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,385,000 | 4,855,000 | 7,385,000 | 9,918,000 |
| Interest expense | 262,000 | 547,000 | 865,000 | 1,180,000 |
| Net interest income | 2,123,000 | 4,308,000 | 6,520,000 | 8,738,000 |
| Noninterest income | 919,000 | 1,766,000 | 2,702,000 | 3,848,000 |
| Noninterest expense | 1,933,000 | 3,950,000 | 5,982,000 | 8,162,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 90,000 |
| Pretax income | 1,076,000 | 2,056,000 | 3,163,000 | 4,354,000 |
| Income tax | 44,000 | 85,000 | 131,000 | 195,000 |
| Net income | 1,032,000 | 1,971,000 | 3,032,000 | 4,159,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,395,000 | 25,655,000 | 26,226,000 | 26,799,000 |
| Total capital | 27,007,000 | 27,302,000 | 27,836,000 | 28,439,000 |
| Risk-weighted assets | 128,928,000 | 131,707,000 | 128,759,000 | 131,023,000 |