Call reports 2024
CITIZENS INDEPENDENT BANK — 2024
What CITIZENS INDEPENDENT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 339,609,000 | 332,474,000 | 336,088,000 | 331,115,000 |
| Total loans | 219,311,000 | 213,923,000 | 216,561,000 | 210,825,000 |
| Allowance for loan losses | 3,381,000 | 3,391,000 | 3,402,000 | 2,913,000 |
| Securities available for sale | 104,203,000 | 101,083,000 | 101,948,000 | 95,091,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 281,029,000 | 263,070,000 | 267,412,000 | 277,822,000 |
| Interest-bearing deposits | 264,429,000 | 242,190,000 | 247,575,000 | 256,044,000 |
| Noninterest-bearing deposits | 16,600,000 | 20,880,000 | 19,837,000 | 21,778,000 |
| Equity capital | 27,408,000 | 27,559,000 | 30,907,000 | 28,825,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 3,670,000 | 7,500,000 | 11,377,000 | 15,251,000 |
| Interest expense | 929,000 | 1,944,000 | 3,003,000 | 4,065,000 |
| Net interest income | 2,741,000 | 5,556,000 | 8,374,000 | 11,186,000 |
| Noninterest income | 252,000 | 511,000 | 798,000 | 1,032,000 |
| Noninterest expense | 2,668,000 | 5,331,000 | 7,787,000 | 10,279,000 |
| Provision for loan losses | 0 | 0 | 0 | -500,000 |
| Pretax income | 325,000 | 736,000 | 1,385,000 | 2,439,000 |
| Income tax | 67,000 | 171,000 | 313,000 | 626,000 |
| Net income | 258,000 | 565,000 | 1,072,000 | 1,813,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,522,000 | 38,829,000 | 39,337,000 | 40,077,000 |
| Total capital | 41,523,000 | 41,766,000 | 42,295,000 | 42,966,000 |
| Risk-weighted assets | 239,722,000 | 234,525,000 | 236,240,000 | 231,122,000 |