Call reports 2008
1ST CHOICE BANK — 2008
What 1ST CHOICE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 |
|---|---|
| Total assets | 313,880,000 |
| Total loans | 198,852,000 |
| Allowance for loan losses | 2,180,000 |
| Securities available for sale | 40,949,000 |
| Securities held to maturity | 0 |
| Trading assets | 0 |
| Total deposits | 285,072,000 |
| Interest-bearing deposits | 212,342,000 |
| Noninterest-bearing deposits | 72,730,000 |
| Equity capital | 27,471,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 |
|---|---|
| Interest income | 4,832,000 |
| Interest expense | 2,152,000 |
| Net interest income | 2,680,000 |
| Noninterest income | -842,000 |
| Noninterest expense | 2,212,000 |
| Provision for loan losses | 100,000 |
| Pretax income | -474,000 |
| Income tax | -160,000 |
| Net income | -314,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 |
|---|---|
| Tier 1 capital | 27,042,000 |
| Total capital | 29,222,000 |
| Risk-weighted assets | 206,208,000 |