Call reports 2008
FIRST CHOICE BANK — 2008
What FIRST CHOICE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 223,817,000 | 220,241,000 | 206,814,000 | 215,870,000 |
| Total loans | 116,123,000 | 113,763,000 | 112,336,000 | 109,123,000 |
| Allowance for loan losses | 2,724,000 | 2,375,000 | 2,620,000 | 2,072,000 |
| Securities available for sale | 59,809,000 | 65,816,000 | 61,852,000 | 60,192,000 |
| Securities held to maturity | 11,134,000 | 11,190,000 | 10,819,000 | 10,360,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 189,751,000 | 186,883,000 | 172,951,000 | 182,339,000 |
| Interest-bearing deposits | 160,255,000 | 158,553,000 | 152,554,000 | 160,227,000 |
| Noninterest-bearing deposits | 29,497,000 | 28,330,000 | 20,397,000 | 22,112,000 |
| Equity capital | 31,245,000 | 30,516,000 | 30,934,000 | 30,689,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,287,000 | 6,371,000 | 9,350,000 | 12,055,000 |
| Interest expense | 1,336,000 | 2,581,000 | 3,650,000 | 4,600,000 |
| Net interest income | 1,951,000 | 3,790,000 | 5,700,000 | 7,455,000 |
| Noninterest income | 167,000 | 571,000 | 1,110,000 | 1,584,000 |
| Noninterest expense | 1,504,000 | 2,971,000 | 4,594,000 | 6,126,000 |
| Provision for loan losses | 700,000 | 1,750,000 | 2,550,000 | 2,850,000 |
| Pretax income | -86,000 | -360,000 | -334,000 | 72,000 |
| Income tax | -82,000 | -241,000 | -297,000 | -190,000 |
| Net income | -4,000 | -119,000 | -37,000 | 262,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,680,000 | 30,573,000 | 30,663,000 | 30,140,000 |
| Total capital | 32,276,000 | 32,154,000 | 32,162,000 | 31,629,000 |
| Risk-weighted assets | 126,547,000 | 125,656,000 | 118,816,000 | 118,528,000 |