Call reports 2004
CHOICE BANK — 2004
What CHOICE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 33,772,000 | 37,642,000 | 43,665,000 | 47,542,000 |
| Total loans | 16,831,000 | 24,828,000 | 24,452,000 | 32,024,000 |
| Allowance for loan losses | 108,000 | 158,000 | 165,000 | 205,000 |
| Securities available for sale | 8,319,000 | 5,910,000 | 4,289,000 | 2,570,000 |
| Securities held to maturity | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,292,000 | 27,011,000 | 32,833,000 | 36,553,000 |
| Interest-bearing deposits | 21,603,000 | 24,146,000 | 29,586,000 | 32,741,000 |
| Noninterest-bearing deposits | 1,689,000 | 2,865,000 | 3,247,000 | 3,812,000 |
| Equity capital | 10,269,000 | 10,295,000 | 10,432,000 | 10,471,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 373,000 | 847,000 | 1,433,000 | 2,077,000 |
| Interest expense | 87,000 | 199,000 | 324,000 | 494,000 |
| Net interest income | 286,000 | 648,000 | 1,109,000 | 1,583,000 |
| Noninterest income | 341,000 | 865,000 | 1,261,000 | 1,692,000 |
| Noninterest expense | 568,000 | 1,309,000 | 2,014,000 | 2,793,000 |
| Provision for loan losses | 39,000 | 89,000 | 96,000 | 136,000 |
| Pretax income | 19,000 | 114,000 | 262,000 | 358,000 |
| Income tax | 9,000 | 38,000 | 88,000 | 122,000 |
| Net income | 10,000 | 76,000 | 174,000 | 236,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,266,000 | 10,332,000 | 10,429,000 | 10,492,000 |
| Total capital | 10,379,000 | 10,496,000 | 10,599,000 | 10,707,000 |
| Risk-weighted assets | 22,576,000 | 30,499,000 | 31,471,000 | 38,702,000 |