Call reports 2024
FIRST CHOICE BANK — 2024
What FIRST CHOICE 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 | 488,903,000 | 490,156,000 | 485,907,000 | 483,846,000 |
| Total loans | 274,471,000 | 281,014,000 | 296,930,000 | 311,743,000 |
| Allowance for loan losses | 3,791,000 | 3,842,000 | 3,787,000 | 3,799,000 |
| Securities available for sale | 145,663,000 | 151,580,000 | 143,576,000 | 126,973,000 |
| Securities held to maturity | 75,000 | 25,000 | 25,000 | 25,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 446,194,000 | 445,923,000 | 437,284,000 | 439,605,000 |
| Interest-bearing deposits | 394,950,000 | 390,920,000 | 386,525,000 | 384,545,000 |
| Noninterest-bearing deposits | 51,244,000 | 55,003,000 | 50,759,000 | 55,060,000 |
| Equity capital | 38,197,000 | 38,624,000 | 42,619,000 | 38,936,000 |
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 | 5,760,000 | 12,088,000 | 18,577,000 | 25,204,000 |
| Interest expense | 2,509,000 | 5,433,000 | 8,356,000 | 11,188,000 |
| Net interest income | 3,251,000 | 6,655,000 | 10,221,000 | 14,016,000 |
| Noninterest income | 903,000 | 1,747,000 | 2,604,000 | 3,402,000 |
| Noninterest expense | 3,010,000 | 6,298,000 | 9,606,000 | 13,004,000 |
| Provision for loan losses | 72,000 | 132,000 | 156,000 | 246,000 |
| Pretax income | 1,084,000 | 1,984,000 | 3,032,000 | 4,142,000 |
| Income tax | 210,000 | 372,000 | 585,000 | 818,000 |
| Net income | 874,000 | 1,612,000 | 2,447,000 | 3,324,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,364,000 | 50,108,000 | 50,948,000 | 49,770,000 |