Call reports 2008
CITIZENS BANK — 2008
What CITIZENS BANK 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 | 548,794,000 | 538,024,000 | 522,914,000 | 573,238,000 |
| Total loans | 422,648,000 | 414,613,000 | 404,202,000 | 438,796,000 |
| Allowance for loan losses | 5,140,000 | 4,302,000 | 4,909,000 | 5,088,000 |
| Securities available for sale | 16,193,000 | 21,010,000 | 28,124,000 | 31,950,000 |
| Securities held to maturity | 66,115,000 | 60,626,000 | 58,260,000 | 54,763,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 484,556,000 | 473,959,000 | 457,541,000 | 501,480,000 |
| Interest-bearing deposits | 432,552,000 | 417,190,000 | 401,405,000 | 445,499,000 |
| Noninterest-bearing deposits | 52,004,000 | 56,769,000 | 56,136,000 | 55,981,000 |
| Equity capital | 62,938,000 | 63,130,000 | 64,206,000 | 65,461,000 |
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 | 7,864,000 | 15,437,000 | 22,918,000 | 30,536,000 |
| Interest expense | 4,185,000 | 7,595,000 | 10,646,000 | 13,562,000 |
| Net interest income | 3,679,000 | 7,842,000 | 12,272,000 | 16,974,000 |
| Noninterest income | 1,012,000 | 1,936,000 | 2,844,000 | 3,689,000 |
| Noninterest expense | 3,590,000 | 6,845,000 | 10,249,000 | 13,487,000 |
| Provision for loan losses | 225,000 | 600,000 | 1,200,000 | 1,600,000 |
| Pretax income | 876,000 | 2,333,000 | 3,667,000 | 5,576,000 |
| Income tax | 135,000 | 316,000 | 559,000 | 1,017,000 |
| Net income | 741,000 | 2,017,000 | 3,108,000 | 4,559,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 62,625,000 | 63,903,000 | 64,818,000 | 66,272,000 |
| Total capital | 67,765,000 | 68,205,000 | 69,727,000 | 71,360,000 |
| Risk-weighted assets | 425,819,000 | 422,490,000 | 424,204,000 | 442,446,000 |