Call reports 2023
CITIZENS BANK MINNESOTA — 2023
What CITIZENS BANK MINNESOTA 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 | 573,898,000 | 578,183,000 | 584,900,000 | 594,391,000 |
| Total loans | 363,239,000 | 372,801,000 | 380,092,000 | 389,891,000 |
| Allowance for loan losses | 2,377,000 | 2,581,000 | 2,613,000 | 2,738,000 |
| Securities available for sale | 170,465,000 | 165,430,000 | 160,062,000 | 163,794,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 521,585,000 | 505,471,000 | 502,549,000 | 510,421,000 |
| Interest-bearing deposits | 491,562,000 | 474,737,000 | 472,877,000 | 481,700,000 |
| Noninterest-bearing deposits | 30,023,000 | 30,734,000 | 29,672,000 | 28,721,000 |
| Equity capital | 43,392,000 | 41,526,000 | 40,417,000 | 44,431,000 |
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 | 4,917,000 | 10,328,000 | 15,942,000 | 21,778,000 |
| Interest expense | 1,253,000 | 2,931,000 | 5,075,000 | 7,477,000 |
| Net interest income | 3,664,000 | 7,397,000 | 10,867,000 | 14,301,000 |
| Noninterest income | 480,000 | 1,032,000 | 1,695,000 | 2,658,000 |
| Noninterest expense | 3,232,000 | 6,740,000 | 10,026,000 | 13,513,000 |
| Provision for loan losses | -64,000 | 138,000 | 168,000 | 292,000 |
| Pretax income | 1,005,000 | 1,606,000 | 2,432,000 | 3,268,000 |
| Income tax | 260,000 | 407,000 | 619,000 | 818,000 |
| Net income | 745,000 | 1,199,000 | 1,813,000 | 2,450,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,493,000 | 51,331,000 | 51,988,000 | 52,008,000 |
| Total capital | 54,084,000 | 54,101,000 | 54,805,000 | 54,941,000 |
| Risk-weighted assets | 445,780,000 | 461,004,000 | 469,448,000 | 476,927,000 |