Call reports 2023
CITIZENS NATIONAL BANK OF PARK RAPIDS, THE — 2023
What CITIZENS NATIONAL BANK OF PARK RAPIDS, THE 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 | 339,705,000 | 357,583,000 | 350,291,000 | 343,980,000 |
| Total loans | 273,127,000 | 283,314,000 | 285,713,000 | 284,161,000 |
| Allowance for loan losses | 4,476,000 | 4,562,000 | 4,670,000 | 4,685,000 |
| Securities available for sale | 46,501,000 | 44,567,000 | 43,258,000 | 43,560,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 286,597,000 | 304,712,000 | 298,948,000 | 290,964,000 |
| Interest-bearing deposits | 230,740,000 | 245,049,000 | 241,078,000 | 235,988,000 |
| Noninterest-bearing deposits | 55,857,000 | 59,663,000 | 57,870,000 | 54,976,000 |
| Equity capital | 35,310,000 | 34,822,000 | 35,500,000 | 37,539,000 |
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 | 3,679,000 | 7,795,000 | 12,147,000 | 16,672,000 |
| Interest expense | 839,000 | 2,107,000 | 3,529,000 | 5,138,000 |
| Net interest income | 2,840,000 | 5,688,000 | 8,618,000 | 11,534,000 |
| Noninterest income | 306,000 | 629,000 | 948,000 | 1,303,000 |
| Noninterest expense | 1,790,000 | 3,720,000 | 5,576,000 | 7,686,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 300,000 |
| Pretax income | 1,222,000 | 2,388,000 | 3,706,000 | 4,792,000 |
| Income tax | 158,000 | 331,000 | 474,000 | 489,000 |
| Net income | 1,064,000 | 2,057,000 | 3,232,000 | 4,303,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,200,000 | 37,849,000 | 38,447,000 | 39,519,000 |