Call reports 2023
CITIZENS NATIONAL BANK OF SOMERSET, THE — 2023
What CITIZENS NATIONAL BANK OF SOMERSET, 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 | 604,499,000 | 646,952,000 | 614,466,000 | 628,218,000 |
| Total loans | 332,910,000 | 333,699,000 | 326,820,000 | 329,181,000 |
| Allowance for loan losses | 4,770,000 | 4,872,000 | 4,983,000 | 5,068,000 |
| Securities available for sale | 253,754,000 | 256,023,000 | 246,983,000 | 249,148,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 513,738,000 | 506,345,000 | 512,325,000 | 500,551,000 |
| Interest-bearing deposits | 295,187,000 | 304,600,000 | 305,129,000 | 310,903,000 |
| Noninterest-bearing deposits | 218,551,000 | 201,745,000 | 207,196,000 | 189,648,000 |
| Equity capital | 18,809,000 | 17,739,000 | 11,808,000 | 22,893,000 |
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 | 5,841,000 | 12,000,000 | 18,644,000 | 25,391,000 |
| Interest expense | 1,110,000 | 2,529,000 | 4,739,000 | 7,130,000 |
| Net interest income | 4,731,000 | 9,471,000 | 13,905,000 | 18,261,000 |
| Noninterest income | 1,182,000 | 2,409,000 | 3,555,000 | 4,845,000 |
| Noninterest expense | 3,521,000 | 7,320,000 | 10,741,000 | 14,341,000 |
| Provision for loan losses | 105,000 | 210,000 | 315,000 | 420,000 |
| Pretax income | 2,316,000 | 4,379,000 | 6,433,000 | 8,374,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,316,000 | 4,379,000 | 6,433,000 | 8,374,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,048,000 | 55,784,000 | 55,995,000 | 56,858,000 |
| Total capital | 59,551,000 | 60,556,000 | 60,771,000 | 61,497,000 |
| Risk-weighted assets | 359,948,000 | 381,644,000 | 381,906,000 | 370,694,000 |