Call reports 2020
CITIZENS BANK MINNESOTA — 2020
What CITIZENS BANK MINNESOTA 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 | 435,858,000 | 534,801,000 | 535,716,000 | 534,641,000 |
| Total loans | 301,521,000 | 343,131,000 | 331,463,000 | 313,497,000 |
| Allowance for loan losses | 2,423,000 | 2,422,000 | 2,456,000 | 2,457,000 |
| Securities available for sale | 92,499,000 | 123,579,000 | 134,224,000 | 162,551,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 367,966,000 | 464,907,000 | 464,608,000 | 473,690,000 |
| Interest-bearing deposits | 353,031,000 | 336,465,000 | 441,636,000 | 444,260,000 |
| Noninterest-bearing deposits | 14,935,000 | 128,442,000 | 22,972,000 | 29,430,000 |
| Equity capital | 46,112,000 | 48,044,000 | 49,688,000 | 50,343,000 |
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 | 4,163,000 | 8,716,000 | 13,319,000 | 18,022,000 |
| Interest expense | 1,061,000 | 1,991,000 | 2,780,000 | 3,416,000 |
| Net interest income | 3,102,000 | 6,725,000 | 10,539,000 | 14,606,000 |
| Noninterest income | 684,000 | 1,607,000 | 3,060,000 | 4,710,000 |
| Noninterest expense | 2,775,000 | 5,362,000 | 8,498,000 | 12,579,000 |
| Provision for loan losses | 41,000 | 41,000 | 77,000 | 77,000 |
| Pretax income | 970,000 | 2,929,000 | 5,024,000 | 6,660,000 |
| Income tax | 257,000 | 784,000 | 1,340,000 | 1,766,000 |
| Net income | 713,000 | 2,145,000 | 3,684,000 | 4,894,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,830,000 | 42,229,000 | 43,813,000 | 44,416,000 |
| Total capital | 45,253,000 | 44,651,000 | 46,269,000 | 46,873,000 |
| Risk-weighted assets | 380,699,000 | 405,231,000 | 396,792,000 | 396,496,000 |