Call reports 2003
1ST CHOICE BANK — 2003
What 1ST 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 | 176,093,000 | 187,960,000 | 187,234,000 | 197,208,000 |
| Total loans | 122,911,000 | 130,832,000 | 131,436,000 | 133,206,000 |
| Allowance for loan losses | 1,077,000 | 1,125,000 | 1,143,000 | 1,094,000 |
| Securities available for sale | 15,119,000 | 14,086,000 | 23,500,000 | 25,657,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,455,000 | 173,891,000 | 172,880,000 | 182,460,000 |
| Interest-bearing deposits | 122,958,000 | 127,897,000 | 133,775,000 | 140,077,000 |
| Noninterest-bearing deposits | 39,497,000 | 45,994,000 | 39,105,000 | 42,383,000 |
| Equity capital | 13,034,000 | 13,579,000 | 13,918,000 | 14,420,000 |
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 | 2,499,000 | 5,084,000 | 7,725,000 | 10,485,000 |
| Interest expense | 781,000 | 1,522,000 | 2,261,000 | 2,993,000 |
| Net interest income | 1,718,000 | 3,562,000 | 5,464,000 | 7,492,000 |
| Noninterest income | 173,000 | 345,000 | 522,000 | 731,000 |
| Noninterest expense | 921,000 | 1,884,000 | 2,856,000 | 3,797,000 |
| Provision for loan losses | 255,000 | 480,000 | 855,000 | 1,401,000 |
| Pretax income | 715,000 | 1,543,000 | 2,275,000 | 3,025,000 |
| Income tax | 245,000 | 525,000 | 776,000 | 1,036,000 |
| Net income | 470,000 | 1,018,000 | 1,499,000 | 1,989,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,840,000 | 13,388,000 | 13,869,000 | 14,359,000 |
| Total capital | 13,917,000 | 14,513,000 | 15,012,000 | 15,453,000 |
| Risk-weighted assets | 126,683,000 | 133,582,000 | 134,465,000 | 137,997,000 |