Call reports 2020
FIRST CHOICE BANK — 2020
What FIRST CHOICE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 325,880,000 | 345,216,000 | 345,490,000 | 364,006,000 |
| Total loans | 194,948,000 | 203,579,000 | 204,859,000 | 203,209,000 |
| Allowance for loan losses | 2,074,000 | 2,172,000 | 2,322,000 | 2,440,000 |
| Securities available for sale | 77,504,000 | 87,420,000 | 97,100,000 | 98,996,000 |
| Securities held to maturity | 2,727,000 | 2,107,000 | 1,797,000 | 964,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 282,468,000 | 299,222,000 | 298,311,000 | 317,610,000 |
| Interest-bearing deposits | 261,870,000 | 271,428,000 | 273,297,000 | 288,118,000 |
| Noninterest-bearing deposits | 20,598,000 | 27,794,000 | 25,014,000 | 29,493,000 |
| Equity capital | 40,721,000 | 42,920,000 | 44,363,000 | 43,962,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 3,584,000 | 7,077,000 | 10,746,000 | 14,336,000 |
| Interest expense | 816,000 | 1,601,000 | 2,346,000 | 3,041,000 |
| Net interest income | 2,768,000 | 5,476,000 | 8,400,000 | 11,295,000 |
| Noninterest income | 645,000 | 1,189,000 | 1,811,000 | 2,533,000 |
| Noninterest expense | 2,186,000 | 4,388,000 | 6,611,000 | 9,035,000 |
| Provision for loan losses | 75,000 | 207,000 | 357,000 | 507,000 |
| Pretax income | 1,152,000 | 2,172,000 | 3,466,000 | 4,528,000 |
| Income tax | 246,000 | 469,000 | 751,000 | 821,000 |
| Net income | 906,000 | 1,703,000 | 2,715,000 | 3,707,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,514,000 | 41,316,000 | 42,334,000 | 42,065,000 |