Call reports 2023
FIRST OPTION BANK — 2023
What FIRST OPTION BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 647,423,000 | 693,685,000 | 695,677,000 | 706,016,000 |
| Total loans | 361,766,000 | 404,177,000 | 422,527,000 | 432,314,000 |
| Allowance for loan losses | 2,873,000 | 2,928,000 | 2,936,000 | 3,420,000 |
| Securities available for sale | 56,926,000 | 60,220,000 | 47,145,000 | 47,038,000 |
| Securities held to maturity | 191,468,000 | 189,972,000 | 185,784,000 | 183,383,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 561,069,000 | 583,295,000 | 586,392,000 | 610,837,000 |
| Interest-bearing deposits | 368,481,000 | 426,194,000 | 448,266,000 | 419,889,000 |
| Noninterest-bearing deposits | 192,589,000 | 157,101,000 | 138,126,000 | 190,948,000 |
| Equity capital | 28,835,000 | 30,113,000 | 32,203,000 | 34,893,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 5,733,000 | 12,572,000 | 19,715,000 | 27,168,000 |
| Interest expense | 1,954,000 | 4,476,000 | 7,616,000 | 11,181,000 |
| Net interest income | 3,779,000 | 8,096,000 | 12,099,000 | 15,987,000 |
| Noninterest income | 1,998,000 | 3,950,000 | 6,185,000 | 8,377,000 |
| Noninterest expense | 4,485,000 | 9,045,000 | 13,581,000 | 18,460,000 |
| Provision for loan losses | 0 | 137,000 | 205,000 | 783,000 |
| Pretax income | 1,292,000 | 2,805,000 | 4,282,000 | 4,905,000 |
| Income tax | -11,000 | 19,000 | 109,000 | 199,000 |
| Net income | 1,303,000 | 2,786,000 | 4,173,000 | 4,706,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,657,000 | 52,428,000 | 53,177,000 | 54,514,000 |
| Total capital | 54,530,000 | 55,433,000 | 56,173,000 | 58,098,000 |
| Risk-weighted assets | 349,456,000 | 397,265,000 | 398,994,000 | 403,198,000 |