Call reports 2008
CITIZENS BANK, THE — 2008
What CITIZENS BANK, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 511,239,000 | 507,973,000 | 484,925,000 | 488,930,000 |
| Total loans | 327,334,000 | 336,336,000 | 336,494,000 | 339,315,000 |
| Allowance for loan losses | 4,359,000 | 4,236,000 | 3,933,000 | 4,549,000 |
| Securities available for sale | 149,616,000 | 140,361,000 | 116,862,000 | 122,660,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,020,000 | 1,013,000 | 1,004,000 | 1,004,000 |
| Total deposits | 378,504,000 | 380,967,000 | 370,864,000 | 378,648,000 |
| Interest-bearing deposits | 344,851,000 | 344,295,000 | 336,351,000 | 343,630,000 |
| Noninterest-bearing deposits | 33,653,000 | 36,672,000 | 34,513,000 | 35,018,000 |
| Equity capital | 47,413,000 | 45,327,000 | 45,938,000 | 47,730,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 8,096,000 | 16,043,000 | 23,922,000 | 31,627,000 |
| Interest expense | 3,918,000 | 7,420,000 | 10,639,000 | 13,520,000 |
| Net interest income | 4,178,000 | 8,623,000 | 13,283,000 | 18,107,000 |
| Noninterest income | 768,000 | 1,551,000 | 2,366,000 | 3,250,000 |
| Noninterest expense | 3,135,000 | 6,359,000 | 9,702,000 | 12,702,000 |
| Provision for loan losses | 300,000 | 640,000 | 1,165,000 | 1,745,000 |
| Pretax income | 1,536,000 | 3,269,000 | 4,981,000 | 7,629,000 |
| Income tax | 530,000 | 1,063,000 | 1,513,000 | 2,205,000 |
| Net income | 1,006,000 | 2,206,000 | 3,468,000 | 5,424,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,472,000 | 46,681,000 | 47,950,000 | 48,315,000 |
| Total capital | 49,842,000 | 50,928,000 | 51,894,000 | 52,738,000 |
| Risk-weighted assets | 354,030,000 | 355,724,000 | 350,978,000 | 353,707,000 |