Call reports 2024
FIRST OPTION BANK — 2024
What FIRST OPTION BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 707,092,000 | 715,369,000 | 709,343,000 | 753,837,000 |
| Total loans | 439,877,000 | 445,619,000 | 440,214,000 | 439,029,000 |
| Allowance for loan losses | 3,417,000 | 3,532,000 | 3,628,000 | 3,777,000 |
| Securities available for sale | 49,273,000 | 53,416,000 | 55,489,000 | 59,760,000 |
| Securities held to maturity | 181,039,000 | 178,390,000 | 175,584,000 | 172,618,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 622,838,000 | 641,055,000 | 597,711,000 | 671,218,000 |
| Interest-bearing deposits | 456,960,000 | 494,097,000 | 458,164,000 | 509,691,000 |
| Noninterest-bearing deposits | 165,878,000 | 146,958,000 | 139,547,000 | 161,527,000 |
| Equity capital | 36,578,000 | 38,172,000 | 40,868,000 | 41,769,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 7,593,000 | 15,406,000 | 23,394,000 | 31,401,000 |
| Interest expense | 3,695,000 | 7,401,000 | 11,227,000 | 14,913,000 |
| Net interest income | 3,898,000 | 8,005,000 | 12,167,000 | 16,488,000 |
| Noninterest income | 2,336,000 | 4,649,000 | 7,065,000 | 9,532,000 |
| Noninterest expense | 4,838,000 | 9,602,000 | 14,391,000 | 19,407,000 |
| Provision for loan losses | 25,000 | 121,000 | 221,000 | 321,000 |
| Pretax income | 1,371,000 | 2,931,000 | 4,620,000 | 6,292,000 |
| Income tax | -49,000 | -9,000 | 50,000 | 110,000 |
| Net income | 1,420,000 | 2,940,000 | 4,570,000 | 6,182,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,290,000 | 56,160,000 | 57,218,000 | 58,153,000 |
| Total capital | 58,870,000 | 59,855,000 | 61,009,000 | 62,094,000 |
| Risk-weighted assets | 400,624,000 | 415,233,000 | 398,200,000 | 386,979,000 |