Call reports 2022
FIRST OPTION BANK — 2022
What FIRST OPTION BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 603,181,000 | 608,910,000 | 612,375,000 | 632,512,000 |
| Total loans | 292,880,000 | 318,046,000 | 323,364,000 | 344,719,000 |
| Allowance for loan losses | 2,791,000 | 2,847,000 | 2,892,000 | 2,937,000 |
| Securities available for sale | 275,938,000 | 254,713,000 | 55,623,000 | 53,959,000 |
| Securities held to maturity | 0 | 0 | 197,492,000 | 194,112,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 545,726,000 | 565,020,000 | 539,253,000 | 588,717,000 |
| Interest-bearing deposits | 368,457,000 | 375,885,000 | 343,242,000 | 377,619,000 |
| Noninterest-bearing deposits | 177,269,000 | 189,135,000 | 196,011,000 | 211,098,000 |
| Equity capital | 34,477,000 | 23,480,000 | 26,233,000 | 27,065,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 4,187,000 | 8,785,000 | 13,794,000 | 19,156,000 |
| Interest expense | 295,000 | 736,000 | 1,565,000 | 3,156,000 |
| Net interest income | 3,892,000 | 8,049,000 | 12,229,000 | 16,000,000 |
| Noninterest income | 2,033,000 | 3,945,000 | 5,819,000 | 7,759,000 |
| Noninterest expense | 3,930,000 | 7,857,000 | 11,985,000 | 16,311,000 |
| Provision for loan losses | 0 | 53,000 | 105,000 | 157,000 |
| Pretax income | 1,995,000 | 4,084,000 | 5,938,000 | 7,271,000 |
| Income tax | 130,000 | 206,000 | 282,000 | 358,000 |
| Net income | 1,865,000 | 3,878,000 | 5,656,000 | 6,913,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,483,000 | 50,277,000 | 51,106,000 | 51,114,000 |
| Total capital | 51,274,000 | 53,124,000 | 53,998,000 | 54,051,000 |
| Risk-weighted assets | 292,629,000 | 332,192,000 | 302,875,000 | 336,143,000 |