Call reports 2007
CITIZENS INDEPENDENT BANK — 2007
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 283,630,000 | 290,369,000 | 294,855,000 | 302,205,000 |
| Total loans | 225,783,000 | 236,239,000 | 240,974,000 | 246,142,000 |
| Allowance for loan losses | 2,032,000 | 2,132,000 | 2,287,000 | 3,908,000 |
| Securities available for sale | 40,517,000 | 40,457,000 | 40,295,000 | 37,824,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 223,675,000 | 216,542,000 | 224,475,000 | 230,015,000 |
| Interest-bearing deposits | 177,446,000 | 171,303,000 | 174,359,000 | 175,271,000 |
| Noninterest-bearing deposits | 46,229,000 | 45,239,000 | 50,116,000 | 54,744,000 |
| Equity capital | 26,100,000 | 26,141,000 | 26,991,000 | 26,193,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 4,545,000 | 9,318,000 | 14,193,000 | 18,792,000 |
| Interest expense | 1,771,000 | 3,724,000 | 5,774,000 | 7,691,000 |
| Net interest income | 2,774,000 | 5,594,000 | 8,419,000 | 11,101,000 |
| Noninterest income | 284,000 | 588,000 | 869,000 | 1,153,000 |
| Noninterest expense | 2,513,000 | 4,983,000 | 7,361,000 | 9,641,000 |
| Provision for loan losses | 190,000 | 338,000 | 623,000 | 2,325,000 |
| Pretax income | 356,000 | 862,000 | 1,303,000 | 287,000 |
| Income tax | 5,000 | 5,000 | 5,000 | 5,000 |
| Net income | 351,000 | 857,000 | 1,298,000 | 282,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,129,000 | 26,635,000 | 27,076,000 | 26,060,000 |
| Total capital | 28,161,000 | 28,767,000 | 29,363,000 | 29,073,000 |
| Risk-weighted assets | 221,877,000 | 231,727,000 | 235,537,000 | 240,131,000 |
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