Call reports 2014
CITIZENS INDEPENDENT BANK — 2014
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 297,719,000 | 283,873,000 | 289,570,000 | 287,906,000 |
| Total loans | 197,295,000 | 199,898,000 | 201,084,000 | 201,136,000 |
| Allowance for loan losses | 5,934,000 | 5,962,000 | 6,149,000 | 6,186,000 |
| Securities available for sale | 64,270,000 | 66,695,000 | 68,700,000 | 68,752,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 244,771,000 | 230,718,000 | 235,683,000 | 233,131,000 |
| Interest-bearing deposits | 223,091,000 | 207,962,000 | 213,011,000 | 210,588,000 |
| Noninterest-bearing deposits | 21,680,000 | 22,756,000 | 22,672,000 | 22,543,000 |
| Equity capital | 29,269,000 | 29,650,000 | 29,954,000 | 29,483,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,676,000 | 5,355,000 | 8,051,000 | 10,740,000 |
| Interest expense | 343,000 | 668,000 | 994,000 | 1,310,000 |
| Net interest income | 2,333,000 | 4,687,000 | 7,057,000 | 9,430,000 |
| Noninterest income | 345,000 | 641,000 | 1,096,000 | 1,787,000 |
| Noninterest expense | 2,341,000 | 4,849,000 | 7,154,000 | 11,538,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 337,000 | 479,000 | 999,000 | -321,000 |
| Income tax | 89,000 | 100,000 | 263,000 | -323,000 |
| Net income | 3,308,000 | 3,439,000 | 3,796,000 | 3,062,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,340,000 | 27,502,000 | 28,052,000 | 26,776,000 |
| Total capital | 29,803,000 | 29,996,000 | 30,524,000 | 29,237,000 |
| Risk-weighted assets | 193,581,000 | 196,018,000 | 194,098,000 | 193,149,000 |