Call reports 2020
CITIZENS INDEPENDENT BANK — 2020
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 293,975,000 | 337,332,000 | 345,230,000 | 341,808,000 |
| Total loans | 196,173,000 | 226,838,000 | 224,762,000 | 206,497,000 |
| Allowance for loan losses | 2,747,000 | 2,826,000 | 2,915,000 | 2,984,000 |
| Securities available for sale | 71,140,000 | 61,865,000 | 54,445,000 | 53,800,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 257,292,000 | 299,385,000 | 306,954,000 | 303,230,000 |
| Interest-bearing deposits | 240,473,000 | 275,510,000 | 280,227,000 | 278,072,000 |
| Noninterest-bearing deposits | 16,819,000 | 23,875,000 | 26,727,000 | 25,158,000 |
| Equity capital | 35,173,000 | 36,134,000 | 36,491,000 | 36,924,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,827,000 | 5,641,000 | 8,362,000 | 11,313,000 |
| Interest expense | 252,000 | 479,000 | 673,000 | 842,000 |
| Net interest income | 2,575,000 | 5,162,000 | 7,689,000 | 10,471,000 |
| Noninterest income | 335,000 | 611,000 | 930,000 | 1,252,000 |
| Noninterest expense | 2,406,000 | 4,630,000 | 6,913,000 | 9,397,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 504,000 | 1,143,000 | 1,706,000 | 2,326,000 |
| Income tax | 122,000 | 280,000 | 416,000 | 568,000 |
| Net income | 382,000 | 863,000 | 1,290,000 | 1,758,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,498,000 | 34,979,000 | 35,407,000 | 35,875,000 |
| Total capital | 37,060,000 | 37,443,000 | 37,902,000 | 38,283,000 |
| Risk-weighted assets | 204,832,000 | 196,774,000 | 199,219,000 | 192,116,000 |