Call reports 2020
CITIZENS NATIONAL BANK OF SOMERSET, THE — 2020
What CITIZENS NATIONAL BANK OF SOMERSET, THE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 462,251,000 | 502,539,000 | 554,956,000 | 546,901,000 |
| Total loans | 253,845,000 | 272,037,000 | 280,448,000 | 275,086,000 |
| Allowance for loan losses | 3,239,000 | 3,583,000 | 3,597,000 | 3,671,000 |
| Securities available for sale | 165,697,000 | 155,178,000 | 159,717,000 | 168,211,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 366,108,000 | 403,843,000 | 451,690,000 | 445,245,000 |
| Interest-bearing deposits | 238,342,000 | 253,902,000 | 266,727,000 | 276,780,000 |
| Noninterest-bearing deposits | 127,766,000 | 149,941,000 | 184,963,000 | 168,465,000 |
| Equity capital | 48,184,000 | 50,417,000 | 50,485,000 | 52,131,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 4,534,000 | 9,740,000 | 14,044,000 | 18,291,000 |
| Interest expense | 685,000 | 1,213,000 | 1,704,000 | 2,133,000 |
| Net interest income | 3,849,000 | 8,527,000 | 12,340,000 | 16,158,000 |
| Noninterest income | 1,051,000 | 2,370,000 | 3,835,000 | 4,931,000 |
| Noninterest expense | 3,278,000 | 6,523,000 | 9,832,000 | 12,968,000 |
| Provision for loan losses | 105,000 | 510,000 | 615,000 | 720,000 |
| Pretax income | 1,557,000 | 3,904,000 | 5,768,000 | 7,448,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,557,000 | 3,904,000 | 5,768,000 | 7,448,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,027,000 | 47,349,000 | 47,352,000 | 48,473,000 |