Call reports 2010
CITIZENS INDEPENDENT BANK — 2010
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 309,056,000 | 314,092,000 | 308,846,000 | 297,614,000 |
| Total loans | 252,918,000 | 251,499,000 | 246,457,000 | 238,911,000 |
| Allowance for loan losses | 4,065,000 | 4,363,000 | 4,894,000 | 6,274,000 |
| Securities available for sale | 27,011,000 | 34,387,000 | 39,932,000 | 42,666,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 240,308,000 | 245,415,000 | 237,298,000 | 236,035,000 |
| Interest-bearing deposits | 226,360,000 | 230,191,000 | 220,167,000 | 219,460,000 |
| Noninterest-bearing deposits | 13,948,000 | 15,224,000 | 17,131,000 | 16,575,000 |
| Equity capital | 25,281,000 | 25,421,000 | 25,279,000 | 23,465,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 3,767,000 | 7,525,000 | 11,033,000 | 14,200,000 |
| Interest expense | 1,072,000 | 2,109,000 | 3,120,000 | 4,029,000 |
| Net interest income | 2,695,000 | 5,416,000 | 7,913,000 | 10,171,000 |
| Noninterest income | 352,000 | 570,000 | 903,000 | -2,510,000 |
| Noninterest expense | 2,335,000 | 4,714,000 | 7,144,000 | 10,243,000 |
| Provision for loan losses | 624,000 | 1,163,000 | 1,787,000 | 4,149,000 |
| Pretax income | 88,000 | 57,000 | -134,000 | -6,930,000 |
| Income tax | 0 | 0 | 5,000 | 6,000 |
| Net income | 88,000 | 57,000 | -139,000 | -6,936,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,448,000 | 25,418,000 | 25,222,000 | 23,425,000 |
| Total capital | 28,545,000 | 28,574,000 | 28,181,000 | 26,381,000 |
| Risk-weighted assets | 246,817,000 | 251,250,000 | 234,769,000 | 233,192,000 |
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