Call reports 2003
CHOICE BANK — 2003
What CHOICE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 18,591,000 | 24,427,000 | 26,044,000 | 27,430,000 |
| Total loans | 1,978,000 | 5,423,000 | 10,325,000 | 13,210,000 |
| Allowance for loan losses | 11,000 | 34,000 | 73,000 | 69,000 |
| Securities available for sale | 6,312,000 | 13,537,000 | 7,352,000 | 6,974,000 |
| Securities held to maturity | 0 | 0 | 3,000,000 | 3,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 8,426,000 | 14,115,000 | 15,716,000 | 16,989,000 |
| Interest-bearing deposits | 7,643,000 | 13,202,000 | 14,036,000 | 15,609,000 |
| Noninterest-bearing deposits | 783,000 | 913,000 | 1,680,000 | 1,380,000 |
| Equity capital | 10,038,000 | 10,134,000 | 10,158,000 | 10,221,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 72,000 | 290,000 | 564,000 | 892,000 |
| Interest expense | 14,000 | 79,000 | 145,000 | 214,000 |
| Net interest income | 58,000 | 211,000 | 419,000 | 678,000 |
| Noninterest income | 277,000 | 808,000 | 1,391,000 | 1,793,000 |
| Noninterest expense | 526,000 | 1,085,000 | 1,696,000 | 2,290,000 |
| Provision for loan losses | 11,000 | 34,000 | 73,000 | 69,000 |
| Pretax income | -202,000 | -70,000 | 52,000 | 123,000 |
| Income tax | -40,000 | -10,000 | 24,000 | 45,000 |
| Net income | -162,000 | -60,000 | 28,000 | 78,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,016,000 | 10,112,000 | 10,206,000 | 10,256,000 |
| Total capital | 10,027,000 | 10,146,000 | 10,279,000 | 10,329,000 |
| Risk-weighted assets | 4,999,000 | 11,202,000 | 11,925,000 | 15,875,000 |