Call reports 2017
CITIZENS INDEPENDENT BANK — 2017
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 286,573,000 | 288,728,000 | 295,144,000 | 286,612,000 |
| Total loans | 186,328,000 | 188,483,000 | 187,694,000 | 184,911,000 |
| Allowance for loan losses | 3,284,000 | 3,361,000 | 3,366,000 | 2,852,000 |
| Securities available for sale | 72,077,000 | 72,621,000 | 71,162,000 | 68,854,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 236,308,000 | 238,005,000 | 244,039,000 | 235,897,000 |
| Interest-bearing deposits | 216,583,000 | 214,354,000 | 223,364,000 | 214,748,000 |
| Noninterest-bearing deposits | 19,725,000 | 23,651,000 | 20,675,000 | 21,149,000 |
| Equity capital | 31,599,000 | 32,002,000 | 32,247,000 | 31,889,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,400,000 | 4,834,000 | 7,323,000 | 9,845,000 |
| Interest expense | 214,000 | 431,000 | 658,000 | 884,000 |
| Net interest income | 2,186,000 | 4,403,000 | 6,665,000 | 8,961,000 |
| Noninterest income | 352,000 | 701,000 | 1,086,000 | 1,397,000 |
| Noninterest expense | 2,270,000 | 4,569,000 | 6,866,000 | 9,149,000 |
| Provision for loan losses | 0 | 0 | 0 | -500,000 |
| Pretax income | 268,000 | 535,000 | 882,000 | 1,706,000 |
| Income tax | 58,000 | 110,000 | 192,000 | 948,000 |
| Net income | 210,000 | 425,000 | 690,000 | 758,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,252,000 | 31,468,000 | 31,733,000 | 32,145,000 |
| Total capital | 33,576,000 | 33,820,000 | 34,043,000 | 34,410,000 |
| Risk-weighted assets | 184,852,000 | 187,147,000 | 183,625,000 | 181,211,000 |