Call reports 2008
CITIZENS INDEPENDENT BANK — 2008
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 301,284,000 | 299,522,000 | 308,343,000 | 304,465,000 |
| Total loans | 250,542,000 | 252,412,000 | 256,439,000 | 255,797,000 |
| Allowance for loan losses | 4,391,000 | 5,125,000 | 2,784,000 | 3,685,000 |
| Securities available for sale | 35,749,000 | 32,747,000 | 33,075,000 | 31,180,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 228,259,000 | 219,992,000 | 225,414,000 | 229,921,000 |
| Interest-bearing deposits | 178,124,000 | 170,258,000 | 171,273,000 | 213,535,000 |
| Noninterest-bearing deposits | 50,135,000 | 49,734,000 | 54,141,000 | 16,386,000 |
| Equity capital | 26,247,000 | 25,273,000 | 25,471,000 | 24,746,000 |
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 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 4,598,000 | 8,903,000 | 13,091,000 | 17,192,000 |
| Interest expense | 1,822,000 | 3,363,000 | 4,908,000 | 6,314,000 |
| Net interest income | 2,776,000 | 5,540,000 | 8,183,000 | 10,878,000 |
| Noninterest income | 350,000 | 695,000 | 1,057,000 | 1,395,000 |
| Noninterest expense | 2,466,000 | 4,602,000 | 6,992,000 | 9,342,000 |
| Provision for loan losses | 519,000 | 1,729,000 | 2,025,000 | 3,068,000 |
| Pretax income | 273,000 | 152,000 | 506,000 | 146,000 |
| Income tax | 0 | 0 | 5,000 | 5,000 |
| Net income | 273,000 | 152,000 | 501,000 | 141,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,633,000 | 25,511,000 | 25,861,000 | 25,501,000 |
| Total capital | 28,698,000 | 28,596,000 | 28,645,000 | 28,642,000 |
| Risk-weighted assets | 243,862,000 | 244,748,000 | 251,992,000 | 250,714,000 |
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