Call reports 2023
CITIZENS INDEPENDENT BANK — 2023
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 367,185,000 | 350,500,000 | 341,530,000 | 344,578,000 |
| Total loans | 216,873,000 | 219,616,000 | 218,476,000 | 218,522,000 |
| Allowance for loan losses | 3,230,000 | 3,242,000 | 3,262,000 | 3,265,000 |
| Securities available for sale | 128,453,000 | 112,440,000 | 104,289,000 | 108,416,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 310,469,000 | 286,840,000 | 281,341,000 | 289,386,000 |
| Interest-bearing deposits | 288,765,000 | 267,565,000 | 262,886,000 | 268,554,000 |
| Noninterest-bearing deposits | 21,704,000 | 19,275,000 | 18,455,000 | 20,832,000 |
| Equity capital | 26,950,000 | 27,098,000 | 24,134,000 | 29,342,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,975,000 | 7,534,000 | 11,255,000 | 15,012,000 |
| Interest expense | 233,000 | 894,000 | 1,774,000 | 2,657,000 |
| Net interest income | 3,742,000 | 6,640,000 | 9,481,000 | 12,355,000 |
| Noninterest income | 257,000 | 504,000 | 779,000 | 1,040,000 |
| Noninterest expense | 2,506,000 | 4,932,000 | 7,422,000 | 10,122,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,493,000 | 2,109,000 | 2,735,000 | 3,169,000 |
| Income tax | 393,000 | 534,000 | 686,000 | 807,000 |
| Net income | 1,100,000 | 1,575,000 | 2,049,000 | 2,362,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,120,000 | 38,599,000 | 39,069,000 | 39,364,000 |
| Total capital | 41,206,000 | 41,652,000 | 42,104,000 | 42,359,000 |
| Risk-weighted assets | 246,800,000 | 244,110,000 | 242,601,000 | 239,398,000 |