Call reports 2020
CITIZENS BANK OF MORGANTOWN, INC. — 2020
What CITIZENS BANK OF MORGANTOWN, INC. 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 | 38,428,000 | 42,339,000 | 44,144,000 | 41,910,000 |
| Total loans | 24,515,000 | 30,400,000 | 32,496,000 | 30,636,000 |
| Allowance for loan losses | 471,000 | 606,000 | 588,000 | 651,000 |
| Securities available for sale | 11,280,000 | 9,602,000 | 8,966,000 | 8,376,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 28,692,000 | 32,526,000 | 33,042,000 | 32,317,000 |
| Interest-bearing deposits | 24,147,000 | 25,539,000 | 26,537,000 | 25,551,000 |
| Noninterest-bearing deposits | 4,545,000 | 6,987,000 | 6,505,000 | 6,766,000 |
| Equity capital | 7,162,000 | 7,288,000 | 7,357,000 | 7,211,000 |
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 | 436,000 | 1,019,000 | 1,496,000 | 1,940,000 |
| Interest expense | 46,000 | 79,000 | 107,000 | 127,000 |
| Net interest income | 390,000 | 940,000 | 1,389,000 | 1,813,000 |
| Noninterest income | 27,000 | 92,000 | 157,000 | 268,000 |
| Noninterest expense | 346,000 | 728,000 | 1,130,000 | 1,536,000 |
| Provision for loan losses | 5,000 | 150,000 | 165,000 | 240,000 |
| Pretax income | 66,000 | 154,000 | 251,000 | 361,000 |
| Income tax | 10,000 | 28,000 | 48,000 | 73,000 |
| Net income | 56,000 | 126,000 | 203,000 | 288,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,510,000 | 7,554,000 | 7,631,000 | 7,690,000 |
| Total capital | 7,784,000 | 7,829,000 | 7,918,000 | — |
| Risk-weighted assets | 21,709,000 | 21,667,000 | 22,648,000 | — |