Call reports 2011
CITIZENS INDEPENDENT BANK — 2011
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 306,714,000 | 303,973,000 | 310,347,000 | 302,658,000 |
| Total loans | 235,667,000 | 234,470,000 | 229,844,000 | 221,435,000 |
| Allowance for loan losses | 5,703,000 | 6,062,000 | 6,451,000 | 7,230,000 |
| Securities available for sale | 37,249,000 | 48,757,000 | 56,691,000 | 65,472,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 242,957,000 | 240,025,000 | 249,032,000 | 248,164,000 |
| Interest-bearing deposits | 228,634,000 | 223,212,000 | 230,494,000 | 225,695,000 |
| Noninterest-bearing deposits | 14,323,000 | 16,813,000 | 18,538,000 | 22,469,000 |
| Equity capital | 25,604,000 | 25,965,000 | 26,393,000 | 24,562,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 3,388,000 | 6,798,000 | 10,268,000 | 13,762,000 |
| Interest expense | 814,000 | 1,580,000 | 2,320,000 | 3,073,000 |
| Net interest income | 2,574,000 | 5,218,000 | 7,948,000 | 10,689,000 |
| Noninterest income | 332,000 | 703,000 | 1,082,000 | 966,000 |
| Noninterest expense | 2,214,000 | 4,735,000 | 7,227,000 | 10,081,000 |
| Provision for loan losses | 594,000 | 1,022,000 | 1,557,000 | 3,130,000 |
| Pretax income | 98,000 | 164,000 | 257,000 | -1,342,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 98,000 | 164,000 | 257,000 | -1,342,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,522,000 | 25,588,000 | 25,681,000 | 24,082,000 |
| Total capital | 28,487,000 | 28,528,000 | 28,574,000 | 26,869,000 |
| Risk-weighted assets | 234,450,000 | 232,100,000 | 227,863,000 | 218,483,000 |