Call reports 2020
FIRST OPTION BANK — 2020
What FIRST OPTION BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 417,311,000 | 470,040,000 | 461,670,000 | 514,839,000 |
| Total loans | 207,901,000 | 236,393,000 | 248,393,000 | 244,154,000 |
| Allowance for loan losses | 2,628,000 | 2,377,000 | 2,436,000 | 2,723,000 |
| Securities available for sale | 171,528,000 | 181,965,000 | 188,140,000 | 201,048,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 378,976,000 | 424,554,000 | 411,451,000 | 467,077,000 |
| Interest-bearing deposits | 280,303,000 | 305,106,000 | 282,666,000 | 331,802,000 |
| Noninterest-bearing deposits | 98,673,000 | 119,449,000 | 128,786,000 | 135,274,000 |
| Equity capital | 36,333,000 | 42,999,000 | 43,931,000 | 45,870,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 3,760,000 | 8,198,000 | 11,913,000 | 15,592,000 |
| Interest expense | 610,000 | 1,044,000 | 1,440,000 | 1,803,000 |
| Net interest income | 3,150,000 | 7,154,000 | 10,473,000 | 13,789,000 |
| Noninterest income | 1,571,000 | 2,808,000 | 4,490,000 | 6,523,000 |
| Noninterest expense | 3,440,000 | 6,756,000 | 10,146,000 | 13,574,000 |
| Provision for loan losses | 143,000 | 287,000 | 430,000 | 873,000 |
| Pretax income | 1,144,000 | 2,976,000 | 4,444,000 | 5,922,000 |
| Income tax | 53,000 | 115,000 | 177,000 | 279,000 |
| Net income | 1,091,000 | 2,861,000 | 4,267,000 | 5,643,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,199,000 | 37,221,000 | 38,127,000 | 39,464,000 |
| Total capital | 38,741,000 | 39,598,000 | 40,563,000 | 42,187,000 |
| Risk-weighted assets | 203,288,000 | 211,936,000 | 210,575,000 | 226,693,000 |