Call reports 2024
CITIZENS BANK OF MORGANTOWN, INC. — 2024
What CITIZENS BANK OF MORGANTOWN, INC. 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 | 49,977,000 | 50,178,000 | 50,867,000 | 50,042,000 |
| Total loans | 37,156,000 | 37,779,000 | 37,671,000 | 36,734,000 |
| Allowance for loan losses | 749,000 | 755,000 | 753,000 | 751,000 |
| Securities available for sale | 10,160,000 | 10,056,000 | 10,372,000 | 10,464,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,232,000 | 41,666,000 | 40,616,000 | 40,489,000 |
| Interest-bearing deposits | 32,882,000 | 33,979,000 | 33,659,000 | 33,259,000 |
| Noninterest-bearing deposits | 7,350,000 | 7,687,000 | 6,957,000 | 7,230,000 |
| Equity capital | 7,609,000 | 7,634,000 | 8,008,000 | 7,996,000 |
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 | 619,000 | 1,262,000 | 1,935,000 | 2,648,000 |
| Interest expense | 200,000 | 380,000 | 558,000 | 743,000 |
| Net interest income | 419,000 | 882,000 | 1,377,000 | 1,905,000 |
| Noninterest income | 17,000 | 62,000 | 90,000 | 114,000 |
| Noninterest expense | 381,000 | 792,000 | 1,197,000 | 1,580,000 |
| Provision for loan losses | 5,000 | 10,000 | 15,000 | 20,000 |
| Pretax income | 50,000 | 142,000 | 255,000 | 419,000 |
| Income tax | 9,000 | 27,000 | 52,000 | 70,000 |
| Net income | 41,000 | 115,000 | 203,000 | 349,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,731,000 | 8,777,000 | 8,865,000 | 8,984,000 |