Call reports 2024
CITIZENS BANK MINNESOTA — 2024
What CITIZENS BANK MINNESOTA 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 | 582,413,000 | 563,966,000 | 565,982,000 | 570,697,000 |
| Total loans | 385,057,000 | 386,865,000 | 384,934,000 | 393,997,000 |
| Allowance for loan losses | 2,763,000 | 2,850,000 | 2,783,000 | 2,837,000 |
| Securities available for sale | 158,443,000 | 140,499,000 | 143,461,000 | 138,232,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 502,942,000 | 478,037,000 | 477,985,000 | 481,857,000 |
| Interest-bearing deposits | 477,535,000 | 452,393,000 | 456,623,000 | 458,916,000 |
| Noninterest-bearing deposits | 25,407,000 | 25,644,000 | 21,362,000 | 22,941,000 |
| Equity capital | 44,412,000 | 44,663,000 | 48,807,000 | 46,359,000 |
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 | 5,882,000 | 12,014,000 | 18,176,000 | 24,378,000 |
| Interest expense | 2,483,000 | 5,341,000 | 8,123,000 | 10,828,000 |
| Net interest income | 3,399,000 | 6,673,000 | 10,053,000 | 13,550,000 |
| Noninterest income | 512,000 | 1,112,000 | 1,874,000 | 2,804,000 |
| Noninterest expense | 3,219,000 | 6,611,000 | 9,817,000 | 13,475,000 |
| Provision for loan losses | 22,000 | 107,000 | 39,000 | 271,000 |
| Pretax income | 677,000 | 703,000 | 1,689,000 | 2,262,000 |
| Income tax | 172,000 | 158,000 | 421,000 | 550,000 |
| Net income | 505,000 | 545,000 | 1,268,000 | 1,712,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 52,556,000 | 51,979,000 | 52,745,000 | 52,512,000 |
| Total capital | 55,512,000 | 55,034,000 | 55,762,000 | 55,559,000 |
| Risk-weighted assets | 471,658,000 | 471,022,000 | 461,946,000 | 469,768,000 |