Call reports 2021
CITIZENS INDEPENDENT BANK — 2021
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 357,962,000 | 357,206,000 | 364,593,000 | 367,925,000 |
| Total loans | 205,455,000 | 201,868,000 | 190,643,000 | 182,786,000 |
| Allowance for loan losses | 3,061,000 | 3,152,000 | 2,744,000 | 2,863,000 |
| Securities available for sale | 54,747,000 | 56,823,000 | 69,297,000 | 101,284,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 320,753,000 | 319,676,000 | 326,135,000 | 329,632,000 |
| Interest-bearing deposits | 296,344,000 | 294,071,000 | 300,156,000 | 302,852,000 |
| Noninterest-bearing deposits | 24,409,000 | 25,605,000 | 25,979,000 | 26,780,000 |
| Equity capital | 36,018,000 | 36,368,000 | 36,896,000 | 36,903,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 2,546,000 | 5,112,000 | 7,771,000 | 10,250,000 |
| Interest expense | 137,000 | 251,000 | 356,000 | 455,000 |
| Net interest income | 2,409,000 | 4,861,000 | 7,415,000 | 9,795,000 |
| Noninterest income | 309,000 | 618,000 | 929,000 | 1,330,000 |
| Noninterest expense | 2,331,000 | 4,581,000 | 6,932,000 | 9,550,000 |
| Provision for loan losses | 0 | 0 | -500,000 | -500,000 |
| Pretax income | 387,000 | 898,000 | 1,912,000 | 2,075,000 |
| Income tax | 87,000 | 206,000 | 470,000 | 488,000 |
| Net income | 300,000 | 692,000 | 1,442,000 | 1,587,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,325,000 | 35,716,000 | 36,467,000 | 36,612,000 |
| Total capital | 37,689,000 | 38,133,000 | 38,904,000 | 39,064,000 |
| Risk-weighted assets | 188,475,000 | 192,645,000 | 194,664,000 | 195,779,000 |