Call reports 2008
CITIZENS BANK, THE — 2008
What CITIZENS BANK, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 147,058,000 | 150,373,000 | 150,873,000 | 152,263,000 |
| Total loans | 53,242,000 | 53,990,000 | 54,443,000 | 55,061,000 |
| Allowance for loan losses | 873,000 | 879,000 | 877,000 | 859,000 |
| Securities available for sale | 7,804,000 | 8,151,000 | 8,197,000 | 7,998,000 |
| Securities held to maturity | 80,399,000 | 79,428,000 | 77,032,000 | 78,870,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 122,463,000 | 125,670,000 | 125,909,000 | 126,782,000 |
| Interest-bearing deposits | 113,132,000 | 117,284,000 | 117,733,000 | 118,301,000 |
| Noninterest-bearing deposits | 9,331,000 | 8,386,000 | 8,176,000 | 8,481,000 |
| Equity capital | 23,867,000 | 23,802,000 | 24,410,000 | 24,430,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,187,000 | 4,377,000 | 6,620,000 | 8,851,000 |
| Interest expense | 1,274,000 | 2,531,000 | 3,767,000 | 4,957,000 |
| Net interest income | 913,000 | 1,846,000 | 2,853,000 | 3,894,000 |
| Noninterest income | 132,000 | 269,000 | 444,000 | 614,000 |
| Noninterest expense | 403,000 | 898,000 | 1,313,000 | 1,908,000 |
| Provision for loan losses | 20,000 | 55,000 | 95,000 | 320,000 |
| Pretax income | 622,000 | 1,162,000 | 1,889,000 | 2,280,000 |
| Income tax | 122,000 | 235,000 | 385,000 | 450,000 |
| Net income | 500,000 | 927,000 | 1,504,000 | 1,830,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,994,000 | 24,066,000 | 24,642,000 | 24,482,000 |
| Total capital | 24,828,000 | 24,918,000 | 25,495,000 | 25,335,000 |
| Risk-weighted assets | 66,670,000 | 68,107,000 | 68,186,000 | 68,228,000 |
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