Call reports 2021
FIRST OPTION BANK — 2021
What FIRST OPTION BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 536,175,000 | 554,544,000 | 545,308,000 | 608,633,000 |
| Total loans | 251,192,000 | 241,825,000 | 237,154,000 | 252,061,000 |
| Allowance for loan losses | 2,742,000 | 2,746,000 | 2,708,000 | 2,789,000 |
| Securities available for sale | 239,693,000 | 266,490,000 | 272,573,000 | 297,691,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 489,039,000 | 503,868,000 | 492,241,000 | 556,915,000 |
| Interest-bearing deposits | 333,803,000 | 334,798,000 | 313,582,000 | 354,123,000 |
| Noninterest-bearing deposits | 155,237,000 | 169,071,000 | 178,660,000 | 202,792,000 |
| Equity capital | 45,055,000 | 48,290,000 | 50,206,000 | 49,936,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 4,160,000 | 8,327,000 | 12,053,000 | 15,981,000 |
| Interest expense | 298,000 | 572,000 | 832,000 | 1,087,000 |
| Net interest income | 3,862,000 | 7,755,000 | 11,221,000 | 14,894,000 |
| Noninterest income | 1,806,000 | 3,780,000 | 6,747,000 | 8,682,000 |
| Noninterest expense | 3,538,000 | 7,040,000 | 10,811,000 | 14,352,000 |
| Provision for loan losses | 17,000 | 70,000 | 70,000 | 70,000 |
| Pretax income | 2,113,000 | 4,405,000 | 7,067,000 | 9,134,000 |
| Income tax | -25,000 | 51,000 | 127,000 | 203,000 |
| Net income | 2,138,000 | 4,354,000 | 6,940,000 | 8,931,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,449,000 | 44,401,000 | 46,391,000 | 47,836,000 |
| Total capital | 45,191,000 | 47,147,000 | 49,099,000 | 50,625,000 |
| Risk-weighted assets | 231,225,000 | 246,582,000 | 270,269,000 | 271,851,000 |