Call reports 2019
CITIZENS INDEPENDENT BANK — 2019
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 273,248,000 | 289,844,000 | 295,700,000 | 287,284,000 |
| Total loans | 182,207,000 | 185,165,000 | 186,268,000 | 194,887,000 |
| Allowance for loan losses | 3,108,000 | 2,933,000 | 3,014,000 | 2,668,000 |
| Securities available for sale | 70,368,000 | 72,601,000 | 72,282,000 | 74,043,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 239,311,000 | 254,809,000 | 259,706,000 | 250,705,000 |
| Interest-bearing deposits | 223,986,000 | 235,078,000 | 241,495,000 | 232,589,000 |
| Noninterest-bearing deposits | 15,325,000 | 19,731,000 | 18,211,000 | 18,116,000 |
| Equity capital | 33,111,000 | 34,119,000 | 34,695,000 | 35,174,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 2,597,000 | 5,341,000 | 8,230,000 | 11,044,000 |
| Interest expense | 187,000 | 416,000 | 673,000 | 938,000 |
| Net interest income | 2,410,000 | 4,925,000 | 7,557,000 | 10,106,000 |
| Noninterest income | 322,000 | 831,000 | 1,210,000 | 1,462,000 |
| Noninterest expense | 2,346,000 | 4,736,000 | 7,054,000 | 9,571,000 |
| Provision for loan losses | 0 | 0 | 0 | -400,000 |
| Pretax income | 386,000 | 1,020,000 | 1,713,000 | 2,397,000 |
| Income tax | 86,000 | 240,000 | 411,000 | 581,000 |
| Net income | 300,000 | 780,000 | 1,302,000 | 1,816,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,427,000 | 33,906,000 | 34,429,000 | 35,017,000 |
| Total capital | 35,797,000 | 36,362,000 | 36,901,000 | 37,573,000 |
| Risk-weighted assets | 188,865,000 | 196,004,000 | 197,250,000 | 204,395,000 |