Call reports 2023
CITIZENS BANK OF MORGANTOWN, INC. — 2023
What CITIZENS BANK OF MORGANTOWN, INC. 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 | 54,461,000 | 53,987,000 | 52,002,000 | 50,499,000 |
| Total loans | 40,041,000 | 39,469,000 | 38,484,000 | 37,569,000 |
| Allowance for loan losses | 735,000 | 734,000 | 739,000 | 744,000 |
| Securities available for sale | 11,538,000 | 11,052,000 | 10,244,000 | 10,303,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,533,000 | 41,348,000 | 41,170,000 | 40,419,000 |
| Interest-bearing deposits | 35,025,000 | 33,178,000 | 33,046,000 | 32,322,000 |
| Noninterest-bearing deposits | 7,508,000 | 8,170,000 | 8,124,000 | 8,097,000 |
| Equity capital | 7,395,000 | 7,289,000 | 7,078,000 | 7,630,000 |
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 | 611,000 | 1,240,000 | 1,890,000 | 2,524,000 |
| Interest expense | 153,000 | 324,000 | 520,000 | 726,000 |
| Net interest income | 458,000 | 916,000 | 1,370,000 | 1,798,000 |
| Noninterest income | 16,000 | 37,000 | 64,000 | 86,000 |
| Noninterest expense | 414,000 | 796,000 | 1,209,000 | 1,520,000 |
| Provision for loan losses | 17,000 | 16,000 | 21,000 | 26,000 |
| Pretax income | 43,000 | 137,000 | 200,000 | 334,000 |
| Income tax | -26,000 | 23,000 | 33,000 | 62,000 |
| Net income | 69,000 | 114,000 | 167,000 | 272,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,545,000 | 8,559,000 | 8,612,000 | 8,690,000 |